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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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Britta L. Mckenna

Trusts, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 20 Years

CONTACT

140 Pearl St, Buffalo, NY 14202

Dennis Patrick Cleary

International, Estate, Business

Status: In Good Standing Licensed: 41 Years

CONTACT

701 Seneca St, Buffalo, NY 14210

David Anthony Lotempio

Real Estate, Estate, Elder Law, Securities

Status: In Good Standing Licensed: 41 Years

CONTACT

726 Exchange St, Buffalo, NY 14210

Carol Anne Fitzsimmons

International Tax, International, Estate, Business

Status: In Good Standing Licensed: 37 Years

CONTACT

140 Pearl St, Buffalo, NY 14202

Matthew B. Herdzik

Real Estate, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

3700 Seneca St, Buffalo, NY 14224

Donna M. Lanham

Lawsuit & Dispute, Estate

Status: In Good Standing Licensed: 36 Years

CONTACT

125 Main Street, Buffalo, NY 14203

Thomas Robert Hyde

International, Estate Planning, Estate, Business Successions

Status: In Good Standing Licensed: 32 Years

CONTACT

140 Pearl St, Buffalo, NY 14202

Gordon M. Brown

Other, Estate, Business, Accident & Injury

Status: In Good Standing Licensed: 29 Years

CONTACT

3590 Seneca St, Buffalo, NY 14224

Barbara B. Strzemski-Hasse

Real Estate, Wills & Probate, Business

Status: In Good Standing Licensed: 27 Years

CONTACT

701 Seneca St, Buffalo, NY 14210

Nancy J. Bizub

Commercial Real Estate, Wills, Family Law

Status: In Good Standing Licensed: 26 Years

CONTACT

44 Kelsey Dr, Buffalo, NY 14224

800-923-0641

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LEGAL TERMS

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

FAMILY POT TRUST

See pot trust.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

DEED OF TRUST

See trust deed.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

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.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic 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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Farnham Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Britta L. Mckenna

Dennis Patrick Cleary

David Anthony Lotempio

Carol Anne Fitzsimmons

Matthew B. Herdzik

Donna M. Lanham

Thomas Robert Hyde

Gordon M. Brown

Barbara B. Strzemski-Hasse

Nancy J. Bizub

TIPS

LEGAL TERMS

TAKING AGAINST THE WILL

SPECIFIC BEQUEST

EXEMPTION TRUST

FAMILY POT TRUST

FAMILY ALLOWANCE

DEED OF TRUST

TRUST CORPUS

FINAL BENEFICIARY

QDOT 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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