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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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Richard Martin Schwartz

Real Estate, International, Estate

Status: In Good Standing Licensed: 53 Years

CONTACT

Apalachin, NY 13732

Mark Anthony Bice

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 45 Years

CONTACT

3 Field Day Dr, Apalachin, NY 13732

Irene Kenny Graven

Deportation, Estate Planning, Child Custody, Criminal

Status: In Good Standing

CONTACT

Owego, NY 13827

David Thomas Spector

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 14 Years

CONTACT

Owego, NY 13827

Ronald Joseph Lanouette

Landlord-Tenant, Motor Vehicle, Immigration, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 22 Years

CONTACT

300 Main St, Vestal, NY 13850

Brett Steven Noonan

Criminal, Divorce & Family Law, Real Estate, Estate

Status: In Good Standing Licensed: 14 Years

CONTACT

423 East Main Street, Endicott, NY 13760

Joe Byron Munk

Real Estate, International, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 65 Years

CONTACT

101 Jefferson Ave, Endicott, NY 13760

Joseph J. Sluzar

Estate, Environmental Law, Energy, Municipal

Status: In Good Standing Licensed: 48 Years

CONTACT

6 Washington Avenue, Endicott, NY 13760

Theodosis John Totolis

Commercial Real Estate, Residential Real Estate, Estate, Wills & Probate, Trusts

Status: In Good Standing Licensed: 64 Years

CONTACT

6 Washington Ave, Endicott, NY 13760

John Gordon Grall

Trusts, Estate, Business

Status: In Good Standing

CONTACT

450 Plaza Drive, Vestal, NY 13850

800-923-0641

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LEGAL TERMS

GRANTOR

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

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.'

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.'

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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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Apalachin Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard Martin Schwartz

Mark Anthony Bice

Irene Kenny Graven

David Thomas Spector

Ronald Joseph Lanouette

Brett Steven Noonan

Joe Byron Munk

Joseph J. Sluzar

Theodosis John Totolis

John Gordon Grall

TIPS

LEGAL TERMS

GRANTOR

ABSTRACT OF TRUST

ENDOWMENT INSURANCE

KINDRED

OFFICER

SPRINKLING TRUST

DISINHERIT

INCOMPETENCE

ADEMPTION

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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