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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
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Includes: Gift Taxation

Timothy F Wilkens

Real Estate, Estate Planning, Environmental Law, Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

215 State Street, Schenectady, NY 12301

Christopher John Dodd

International, Gift Taxation

Status: Deceased Licensed: 23 Years

CONTACT

1414 State Highway 5-S, Amsterdam, NY 12010

Christopher John Dodd

International, Gift Taxation

Status: Deceased Licensed: 23 Years

CONTACT

1414 State Highway 5-S, Amsterdam, NY 12010

Christopher John Dodd

International, Gift Taxation

Status: Deceased Licensed: 23 Years

CONTACT

1414 State Highway 5-S, Amsterdam, NY 12010

Rudolph William Sohl

Internet, Divorce, Criminal, Business, Estate Planning

Status: In Good Standing Licensed: 8 Years

CONTACT

3 Brentwood Ave, Gloversville, NY 12078

John R. Polster

Litigation, Estate Planning, Family Law, DUI-DWI, Commercial Real Estate

Status: In Good Standing Licensed: 47 Years

CONTACT

1473 Erie Boulevard, Schenectady, NY 12301

Cristine Cioffi

Tax, Estate Planning, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 46 Years

CONTACT

1473 Erie Blvd, Schenectady, NY 12305

Amy Herter Robinson

Education, Immigration, Estate Planning, Wrongful Termination

Status: In Good Standing

CONTACT

1473 Erie Blvd, Schenectady, NY 12305

Brent Alan Frary

Litigation, Estate Planning, Family Law, Corporate

Status: In Good Standing Licensed: 8 Years

CONTACT

1473 Erie Blvd, Schenectady, NY 12305

Michael Robert Godlewski

Estate Planning

Status: In Good Standing Licensed: 16 Years

CONTACT

388 Broadway, Schenectady, NY 12305

800-923-0641

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LEGAL TERMS

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

GRANTOR

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

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

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.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Tribes Hill Estate Planning Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Timothy F Wilkens

Christopher John Dodd

Christopher John Dodd

Christopher John Dodd

Rudolph William Sohl

John R. Polster

Cristine Cioffi

Amy Herter Robinson

Brent Alan Frary

Michael Robert Godlewski

TIPS

LEGAL TERMS

RULE AGAINST PERPETUITIES

TRUST MERGER

GRANTOR

ADMINISTRATION (OF AN ESTATE)

LETTERS TESTAMENTARY

SPECIFIC BEQUEST

ADMINISTRATRIX

ESTATE TAXES

INCOMPETENCE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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