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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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Clarence Henry Gratto

Estate, Business, Bankruptcy & Debt

Status: Suspended Licensed: 35 Years

CONTACT

3953 State Highway 37, Ogdensburg, NY 13669

Arik G. Turner

Tax, International Tax, Gift Taxation

Status: In Good Standing Licensed: 22 Years

CONTACT

3217 County Route 6, Hammond, NY 13646

Katherine Hannan Wears

Real Estate, Estate, Business

Status: In Good Standing Licensed: 46 Years

CONTACT

1 Champion Dr, Ogdensburg, NY 13669

Preston C. Carlisle

Estate Planning, Medical Malpractice, Personal Injury, Real Estate, Workers' Compensation

Status: In Good Standing Licensed: 64 Years

CONTACT

602 State St, Ogdensburg, NY 13669

Neil Tarak Bhatt

Estate, Wills & Probate, Bankruptcy & Debt, Business, Real Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

536 State Street, Ogdensburg, NY 13669

Ramona Angela Breen

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 36 Years

CONTACT

623 Ford St, Ogdensburg, NY 13669

Maureen C. Mcgaw

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 35 Years

CONTACT

51 Miner St, Canton, NY 13617

Charles Bradley Nash

Real Estate, Government, Estate, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

113 Main St, Canton, NY 13617

Megan Jean Mccarthy Whitton

Social Security, Estate, Workers' Compensation, Family Law

Status: In Good Standing Licensed: 18 Years

CONTACT

21 Court St, Canton, NY 13617

Megan Jean Mccarthy Whitton

Lawsuit & Dispute, Intellectual Property, Government, Estate

Status: In Good Standing Licensed: 18 Years

CONTACT

21 Court St, Canton, NY 13617

800-923-0641

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LEGAL TERMS

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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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Morristown Estate Lawyer, New York

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The Michelson Law Office

SPONSORED LAWYERS

Clarence Henry Gratto

Arik G. Turner

Katherine Hannan Wears

Preston C. Carlisle

Neil Tarak Bhatt

Ramona Angela Breen

Maureen C. Mcgaw

Charles Bradley Nash

Megan Jean Mccarthy Whitton

Megan Jean Mccarthy Whitton

TIPS

LEGAL TERMS

ADEMPTION

SPENDTHRIFT TRUST

QTIP TRUST

SWEARING MATCH

SELF-PROVING WILL

DISTRIBUTEE

GRANT DEED

DEVISEE

HOLOGRAPHIC 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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