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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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Kevin Dean Ribakove

Estate, Real Estate, Bankruptcy & Debt, Health Care, Power of Attorney

Status: In Good Standing Licensed: 48 Years

CONTACT

10719 71St Ave, Forest Hills, NY 11375

Albert Cohen

Estate, Civil & Human Rights, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 23 Years

CONTACT

10470 Queens Blvd, Forest Hills, NY 11375

Juliet Gavriel

Tax, Trusts, Estate, Elder Law

Status: In Good Standing Licensed: 13 Years

CONTACT

10519 Metropolitan Ave, Forest Hills, NY 11375

Veronica Anabell Fuentes

Eminent Domain, Banking & Finance, Wills & Probate, Civil Rights

Status: In Good Standing Licensed: 23 Years

CONTACT

8002 Kew Gardens Rd, Kew Gardens, NY 11415

Kerri Elisabeth Levy

Estate, Elder Law, Personal Injury, Medical Malpractice

Status: In Good Standing Licensed: 29 Years

CONTACT

1979 Marcus Avenue, New Hyde Park, NY 11042

Reena Gulati

Real Estate, Trusts, Estate, Business

Status: In Good Standing

CONTACT

3000 Marcus Ave, Great Neck, NY 11042

Saul Elnadav

Estate Planning, Elder Law, Accident & Injury

Status: In Good Standing

CONTACT

3000 Marcus Ave, New Hyde Park, NY 11042

Ronald Alvin Fatoullah

Power of Attorney, Real Estate Other, Medicare & Medicaid, Estate, Divorce

Status: In Good Standing

CONTACT

60 Cuttermill Rd, Great Neck, NY 11021

Bertram Gezelter

Income Tax, Elder Law, Estate Planning, Real Estate

Status: In Good Standing

CONTACT

163-10 Northern Boulevard, Flushing, NY 11358

Jill S. Monoson

Tax, Wills, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

40 Cutter Mill Road, Great Neck, NY 11021

800-923-0641

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LEGAL TERMS

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.

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.

DEED OF TRUST

See trust deed.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

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.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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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Hollis Estate Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kevin Dean Ribakove

Albert Cohen

Juliet Gavriel

Veronica Anabell Fuentes

Kerri Elisabeth Levy

Reena Gulati

Saul Elnadav

Ronald Alvin Fatoullah

Bertram Gezelter

Jill S. Monoson

TIPS

LEGAL TERMS

FINAL BENEFICIARY

SPECIFIC BEQUEST

DEED OF TRUST

STATUTORY SHARE

RESIDUARY BENEFICIARY

PROBATE COURT

DEATH TAXES

INVENTORY

ADMINISTRATION (OF AN ESTATE)

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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