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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.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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David Lawrence Levinson

Government, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 56 Years

CONTACT

Central Valley, NY 10917

George Michael Drosdowich

Energy, Estate, Criminal

Status: Retired Licensed: 26 Years

CONTACT

488 Old Dutch Hollow Road, Monroe, NY 10950

John E. Finnegan

Dispute Resolution, Wills & Probate, Family Law, Corporate

Status: In Good Standing Licensed: 40 Years

CONTACT

499 Route 304, New City, NY 10956

David Warren

Family Law, Wills & Probate, Child Support, Farms

Status: In Good Standing Licensed: 29 Years

CONTACT

17 Squadron Blvd, New City, NY 10956

R. Spencer Lauterbach

Corporate, Workout, Household Mold, Trusts

Status: In Good Standing

CONTACT

151 North Main Street, New City, NY 10956

M. Teresa A. Faherty

Wills & Probate, Estate, Divorce & Family Law, Car Accident

Status: In Good Standing

CONTACT

20 S Main St, New City, NY 10956

Ira Michael Emanuel

Real Estate, Municipal, Wills & Probate, Estate Planning

Status: In Good Standing

CONTACT

4 Laurel Rd, New City, NY 10956

Charles Gerard Davis

Real Estate, Estate, Elder Law

Status: In Good Standing Licensed: 56 Years

CONTACT

20 Squadron Blvd, New City, NY 10956

Paul Leonard Becker

Estate, Employment, Child Custody, Business

Status: In Good Standing Licensed: 49 Years

CONTACT

6 Larkspur Court, New City, NY 10956

Ronald Jay Cohen

Tax, Real Estate, Trusts, Employment

Status: In Good Standing Licensed: 44 Years

CONTACT

40 Matthews St, Goshen, NY 10924

800-923-0641

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LEGAL TERMS

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

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.

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.'

CURATOR

See conservator.

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.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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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Arden Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Lawrence Levinson

George Michael Drosdowich

John E. Finnegan

David Warren

R. Spencer Lauterbach

M. Teresa A. Faherty

Ira Michael Emanuel

Charles Gerard Davis

Paul Leonard Becker

Ronald Jay Cohen

TIPS

LEGAL TERMS

INHERIT

RESIDUARY BENEFICIARY

MINERAL RIGHTS

TRUST MERGER

INCOMPETENCE

CURATOR

SPRINKLING TRUST

BYPASS TRUST

PROPERTY CONTROL 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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