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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.
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Sonia Burgos Crannage

Other, Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

139 Lafayette Ave, Suffern, NY 10901

Shahzad Aftab Dar

Estate, Criminal, Business

Status: In Good Standing

CONTACT

393 Spook Rock Industrial Park, Suffern, NY 10901

Steven Louis Ginsberg

Traffic, Motor Vehicle, State and Local, Wills & Probate, Criminal

Status: In Good Standing Licensed: 31 Years

CONTACT

1 Executive Blvd, Suffern, NY 10901

Emanuel Haas

Health Care, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 43 Years

CONTACT

365 Route 59, Suffern, NY 10952

David Malcolm Klein

Commercial Real Estate, Estate Planning, Elder Law, Civil & Human Rights

Status: In Good Standing Licensed: 52 Years

CONTACT

2 Executive Blvd, Suffern, NY 10901

Anthony Nicholas Iannarelli

Estate, Environmental Law, Accident & Injury

Status: In Good Standing Licensed: 37 Years

CONTACT

74 Lafayette Avenue, Suffern, NY 10901

Michael Anthony Dichiaro

Real Estate, Lawsuit & Dispute, Estate, Accident & Injury

Status: In Good Standing Licensed: 36 Years

CONTACT

1 Executive Blvd, Suffern, NY 10901

Howard Ira Garfinkel

Estate, Wills & Probate

Status: In Good Standing Licensed: 42 Years

CONTACT

49 N Airmont Rd, Suffern, NY 10901

Arnold Philip Etelson

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 63 Years

CONTACT

1 Executive Blvd, Suffern, NY 10901

Barry Arthur Sturtz

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 49 Years

CONTACT

134 Route 59, Suffern, NY 10901

800-923-0641

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LEGAL TERMS

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

CREDIT SHELTER TRUST

See AB 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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Suffern Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Sonia Burgos Crannage

Shahzad Aftab Dar

Steven Louis Ginsberg

Emanuel Haas

David Malcolm Klein

Anthony Nicholas Iannarelli

Michael Anthony Dichiaro

Howard Ira Garfinkel

Arnold Philip Etelson

Barry Arthur Sturtz

TIPS

LEGAL TERMS

SELF-PROVING WILL

INHERIT

HOLOGRAPHIC WILL

ALTERNATE BENEFICIARY

SUCCESSION

ESTATE TAXES

ABATEMENT

GRANTOR

CREDIT SHELTER 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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