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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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C Samuel Beardsley

Estate, Wills & Probate, Family Law

Status: In Good Standing Licensed: 55 Years

CONTACT

7106 S Salina St, Nedrow, NY 13120

Charlene E McGraw

Real Estate, Trusts, Elder Law, Wills & Probate

Status: In Good Standing

CONTACT

1342 NEW SENECA TURNPIKE, SKANEATELES, NY 13152

Charles A. Marangola

Real Estate, Government, Estate, Accident & Injury

Status: In Good Standing Licensed: 45 Years

CONTACT

Moravia, NY 13118

David Arthur Loftus

Government, Estate

Status: In Good Standing Licensed: 51 Years

CONTACT

3358 Kane Avenue, Skaneateles, NY 13152

Diana Irene Plue

Estate, Divorce & Family Law, Criminal, Accident & Injury

Status: In Good Standing Licensed: 24 Years

CONTACT

4499 Westlake Rd, Skaneateles, NY 13152

Diana Irene Plue

Estate, Divorce & Family Law, Criminal, Accident & Injury

Status: In Good Standing Licensed: 24 Years

CONTACT

4499 Westlake Rd, Skaneateles, NY 13152

Edward Patrick Dunn

Estate, Civil & Human Rights, Banking & Finance, Business

Status: In Good Standing Licensed: 35 Years

CONTACT

Marcellus, NY 13108

Francis Dowdle Price

Estate

Status: Deceased

CONTACT

122 Crossett St, Syracuse, NY 13207

Frederick Stephen Marty

International, Estate

Status: In Good Standing Licensed: 48 Years

CONTACT

4246 Deer Path, Marcellus, NY 13108

Janet Egert Dobrovosky

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 29 Years

CONTACT

1037 Hencoop Rd, Skaneateles, NY 13152

800-923-0641

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LEGAL TERMS

SURROGATE COURT

See probate court.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

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.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the 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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Marietta Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

C Samuel Beardsley

Charlene E McGraw

Charles A. Marangola

David Arthur Loftus

Diana Irene Plue

Diana Irene Plue

Edward Patrick Dunn

Francis Dowdle Price

Frederick Stephen Marty

Janet Egert Dobrovosky

TIPS

LEGAL TERMS

SURROGATE COURT

BENEFICIARY

DISINHERIT

WILL

GROSS ESTATE

ALTERNATE BENEFICIARY

TRUST DEED

TRUST MERGER

POUR-OVER WILL

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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