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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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Anthony L. Zanazzi

Real Estate, Wills & Probate, Estate Planning, Corporate

Status: In Good Standing

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235 Main Street, White Plains, NY 10601

Barry D Marcus

Business Organization, Contract, Estate Planning, Family Law

Status: In Good Standing

FREE CONSULTATION

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145 Huguenot Avenue, New Rochelle, NY 10801

Glen P. Malia

Traffic, Wills, Wills & Probate, Family Law

Status: In Good Standing

FREE CONSULTATION

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2117 Crompond Road, Cortlandt Manor, NY 10567

Silvia M. Metrena

Real Estate, Wills, Contract, Trusts

Status: In Good Standing

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20 South Broadway, Ste 902, Yonkers, NY 10701

Jonathan S. Klein

Contract, Criminal, DUI-DWI, Estate Planning

Status: In Good Standing

FREE CONSULTATION

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145 Huguenot Avenue, New Rochelle, NY 10801

LaurieAnne DeLitta

Divorce & Family Law, Estate, Real Estate

Status: In Good Standing

FREE CONSULTATION

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5 MacDonald Avenue, Armonk, NY 10504

Adam L. Scharf

Criminal, Estate Planning, Family Law, Real Estate

Status: In Good Standing

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1025 Westchester Avenue, West Harrison, NY 10604

Richard G. Gugliotta

Estate Administration, Estate Planning, Guardianships & Conservatorships, Living Wills

Status: In Good Standing

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145 Huguenot Street, New Rochelle, NY 10801

Lauren McCallion

Gift Taxation, Estate Administration, Estate Planning

Status: In Good Standing

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909 Midland Avenue, Yonkers, NY 10704

Peter D. Hoffman

Special Education, Education, Wills & Probate, Guardianships & Conservatorships

Status: In Good Standing Licensed: 31 Years

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200 Katonah Ave, Katonah, NY 10536

800-923-0641

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LEGAL TERMS

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

CERTIFICATION OF TRUST

See abstract of trust.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving 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 capita, Julie and the two grandchildren will each take a third. If, on the other hand, 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).

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

CURATOR

See conservator.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of 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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Westchester County, NY Estate Lawyers, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anthony L. Zanazzi

Barry D Marcus

Glen P. Malia

Silvia M. Metrena

Jonathan S. Klein

LaurieAnne DeLitta

Adam L. Scharf

Richard G. Gugliotta

Lauren McCallion

Peter D. Hoffman

TIPS

LEGAL TERMS

PREDECEASED SPOUSE

GRANTOR RETAINED INCOME TRUST

CERTIFICATION OF TRUST

PER CAPITA

LIFE BENEFICIARY

SPENDTHRIFT TRUST

DEATH TAXES

CURATOR

ABSTRACT OF 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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