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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
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Raymond J. Dague

Wills & Probate, Family Law, Divorce, Constitutional Law, Corporate

Status: In Good Standing

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472 South Salina Street, Syracuse, NY 13202

David L Delvecchio

Bankruptcy, Contract, Estate Planning, Family Law

Status: In Good Standing

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109 South Warren Street, Syracuse, NY 13202

Michael J. Ranieri

Animal Bite, Criminal, DUI-DWI, Estate Planning

Status: In Good Standing

FREE CONSULTATION

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407 South Warren Street, Syracuse, NY 13202

Jason L. Cassidy

Criminal, Estate Planning, Family Law, Litigation, Workers' Compensation

Status: In Good Standing

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3300 Vickery Road, Syracuse, NY 13212

Howard Allen Port

General Practice

Status: In Good Standing Licensed: 54 Years

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1060 Tunnel Ln, Cazenovia, NY 13035

Robert David Scolaro

Trusts, Family Law, Elder Law, Corporate

Status: In Good Standing Licensed: 24 Years

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6832 E Genesee St, Fayetteville, NY 13066

Donald Peter Colella

Estate, Business, Criminal, Litigation

Status: In Good Standing Licensed: 60 Years

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216 Genesee Street, Chittenango, NY 13037

Paul Francis Iaconis

Real Estate, Traffic, Estate, Accident & Injury

Status: In Good Standing Licensed: 50 Years

CONTACT

501 Genesee St., Chittenango, NY 13037

Christopher M. Judge

Divorce & Family Law, Estate, Real Estate, Traffic

Status: In Good Standing Licensed: 12 Years

FREE CONSULTATION

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217 South Salina Street, Syracuse, NY 13202

Frederick P. Davies

Estate Planning, Real Estate, Wills & Probate, Elder Law

Status: In Good Standing Licensed: 39 Years

FREE CONSULTATION

CONTACT

210 East Fayette Street, Syracuse, NY 13202

800-923-0641

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LEGAL TERMS

NET ESTATE

The value of all property owned at death less liabilities or debts.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

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.

LIFE BENEFICIARY

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

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

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).

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.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

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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Fabius Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Raymond J. Dague

David L Delvecchio

Michael J. Ranieri

Jason L. Cassidy

Howard Allen Port

Robert David Scolaro

Donald Peter Colella

Paul Francis Iaconis

Christopher M. Judge

Frederick P. Davies

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LEGAL TERMS

NET ESTATE

FINAL BENEFICIARY

ADMINISTRATRIX

LIFE BENEFICIARY

ALTERNATE BENEFICIARY

INTESTATE SUCCESSION

GRANTOR RETAINED INCOME TRUST

BYPASS TRUST

SUCCESSION

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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