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About Me

  Hello! I'm Michael H. Wasserman, real estate attorney for Chicago and the surrounding areas. Visit my firm's site at

I have practiced law in Illinois since 1985. I learned how at the Loyola University of Chicago School of Law. Before that, in 1982, I graduated from Emory University in Atlanta, Georgia with a bachelor's degree in History and Economics.

My first lawyer job was to defend insurance companies and their customers against injury claims. The firm I worked for represented most all of the major insurance companies at one time or another. I went to court nearly every day for six years and learned the trial skills I still rely on to this day.

In 1990, I opened my own law office to focus on real estate. Now I represent "real people." I like it. Today, I've grown from a solo practice to a small, mostly civil firm.

Keeping things small might be a bit harder and it is certainly contrary to most "expert" theory on modern law office management. In an era where law firms are "going global" with 1,000 or more lawyers on staff, I find this to be much more rewarding. My clients get personal attention. I can guarantee that client services are handled by me or a trusted associate.

In that same vein, we don't keep a particularly fancy office either. Some of my colleagues focus on their image. I try to concentrate on delivering top notch service; without the pretense or frills.

Our normal office hours are 9:00 to 5:00, Monday through Thursday; Friday, 9:00 to 2:00. That said, the practice of law is anything but a 40 hour a week job. A colleague is fond of saying that the beauty of a small practice law is the freedom of part-time work—you can chose which 12 hours a day you devote to it!

If you want to get together later in the day or on a Sunday, let me know. We can work something out by appointment.

Outside of work, I like to ride my bicycle(s). I am a proud member of the Chicago Cycling Club. Bicycling is cheap; its easy; and it provides a great excuse to get outside. Even better, Chicago looks great by bike! Lets ride together sometime.

Email me at Visit us at We're located at 105 W. Madison St., Suite 401 Chicago, IL 60602.

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With federal tax reform looming, should I prepay 2017 Cook County property taxes?

By Michael H. Wasserman

Paying property tax bills before the end of the 2017 may help some owners save on their federal income tax liabilities.

The Tax Cuts and Jobs Act has been called the most sweeping tax reform bill in decades. Like it or
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One aspect of the pending tax reform plan presents a clear challenge for most Chicagoland home owners, the elimination of deductions for State and Local Taxes (SALT). The house and senate plans both limit deductibility to $10,000. Once the tax reform is signed into law, we will pay federal income taxes on the money we use to pay our local taxes exceeding that $10,000 threshold. Some homeowners who have the foresight (and lets face it, the savings) to act swiftly may want to pre-pay their first installment 2017 property tax bills this year before the tax laws kick in, so that those payments …