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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
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Maria Teresa Giresi

Lawsuit & Dispute, Estate, Business, Bankruptcy & Debt

Status: Licensed: 35 Years

CONTACT

21608 Rockaway Point Blvd, Breezy Point, NY 11697

Loretta A. Pye

Income Tax, Corporate Tax, Trusts, Corporate

Status: Licensed: 36 Years

CONTACT

21711 Rockaway Point Blvd, Breezy Point, NY 11697

Racquel Delsita Brown

Intellectual Property, Estate, Business

Status: Licensed: 24 Years

CONTACT

1051 E 104Th St, Brooklyn, NY 11236

Alessandro F. Marra

Real Estate, Estate

Status: Licensed: 41 Years

CONTACT

1142 E 92nd St, Brooklyn, NY 11236

Alessandro F. Marra

Estate, Real Estate, Business

Status: Licensed: 39 Years

CONTACT

1142 E 92ND St, Brooklyn, NY 11236

Miriam Michael Lazofsky

Real Estate, Estate, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 69 Years

CONTACT

10314 Avenue M, Brooklyn, NY 11236

Miriam Lazofsky

Real Estate, Trusts, Contract, Bankruptcy

Status: Licensed: 69 Years

CONTACT

10314 Avenue M, Brooklyn, NY 11236

Michael Ely Steiner

Real Estate, Estate, Business

Status: Licensed: 42 Years

CONTACT

9524 Avenue L, Brooklyn, NY 11236

Fredric Scott Masure

Estate, Personal Injury, Accident & Injury

Status: Licensed: 42 Years

CONTACT

1932 Ralph Ave., Brooklyn, NY 11234

Armena Delcresa Gayle

Other, Lawsuit & Dispute, Estate, Divorce & Family Law

Status: Licensed: 32 Years

CONTACT

2152 Ralph Ave, Brooklyn, NY 11234

800-814-6700

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LEGAL TERMS

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

SECONDARY MEANING

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use ... (more...)

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use and exposure in the marketplace. For example, though first names are not generally considered inherently distinctive, Ben & Jerry's Ice Cream has become so well known that it is now entitled to maximum trademark protection.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

FUNDING A TRUST

Transferring ownership of property to a trust.

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

In 1986 Markatos Realtors, Inc. (hereinafter Markatos), Rutger's immediate predecessor in interest, along with Brookside Park Properties, Inc., the defendant's predecessor in interest, executed a written indenture providing, among other things, for mutual easements designating 12 ...

Colasacco v. Robert E. Lawrence Real Estate

In October 2002 the defendant Christopher DiCorato, a real estate agent employed by the defendant Robert E. Lawrence Real Estate (hereinafter Lawrence, and hereinafter together the defendants), met with the plaintiffs and showed them a parcel of vacant property that was ...

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

In any event, plaintiff fails, as a matter of law, to demonstrate any injury for which it is entitled to hold defendant sponsors liable. Although the purchase agreement obligated defendant sponsors to provide plaintiff with a building and unit constructed "in a good and workman-like ...

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Rockaway Park Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Maria Teresa Giresi

Loretta A. Pye

Racquel Delsita Brown

Alessandro F. Marra

Alessandro F. Marra

Miriam Michael Lazofsky

Miriam Lazofsky

Michael Ely Steiner

Fredric Scott Masure

Armena Delcresa Gayle

TIPS

LEGAL TERMS

TRUSTEE POWERS

RULE AGAINST PERPETUITIES

LETTERS TESTAMENTARY

GENERATION-SKIPPING TRUST

SECONDARY MEANING

GENERATION-SKIPPING TRANSFER TAX

HEIR AT LAW

PER STIRPES

FUNDING A TRUST

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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