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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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John W. Cobb

Bankruptcy, Contract, Criminal, Estate Planning

Status: In Good Standing

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724 Broadway, Newburgh, NY 12550

Gary M. Schuster

Energy, Wills & Probate, Corporate, Franchising

Status: In Good Standing

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158 Orange Avenue, Walden, NY 12586

Francis Bryan Paz

Land Use & Zoning, Agriculture, Wills, Family Law

Status: In Good Standing

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158 Orange Avenue, Walden, NY 12586

Marcia A. Jacobowitz

Agriculture, Estate Planning, Corporate, Business Organization

Status: In Good Standing

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158 Orange Avenue, Walden, NY 12586

Sanford R. Altman

Estate Administration, Age Discrimination, Elder Law, Business Organization

Status: In Good Standing

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158 Orange Avenue, Walden, NY 12586

Thomas E. Dietz

Real Estate, Trusts, Estate Planning, Family Law

Status: In Good Standing

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2 Cannon Street, Poughkeepsie, NY 12601

Jason Rosenwasser

Estate Planning, Family Law, Litigation, Car Accident

Status: In Good Standing

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201 Ward Street, Montgomery, NY 12549

William J. Larkin

Estate Planning, Family Law, Divorce, Criminal

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356 Meadow Avenue, Newburgh, NY 12550

George F. Stradar

Business, Estate Planning, Corporate, Real Estate, Trusts

Status: In Good Standing

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One Corwin Ct, Newburgh, NY 12550

Elizabeth A. Stradar

Business, Estate Planning, Corporate, Real Estate, Trusts

Status: In Good Standing

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One Corwin Court, Newburgh, NY 12550

800-923-0641

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LEGAL TERMS

LIFE BENEFICIARY

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

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

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.

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.

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.

TITLE COMPANY

A company that issues title insurance.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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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Plattekill Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John W. Cobb

Gary M. Schuster

Francis Bryan Paz

Marcia A. Jacobowitz

Sanford R. Altman

Thomas E. Dietz

Jason Rosenwasser

William J. Larkin

George F. Stradar

Elizabeth A. Stradar

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LEGAL TERMS

LIFE BENEFICIARY

PREDECEASED SPOUSE

PERSONAL PROPERTY

RESIDUARY BENEFICIARY

INVENTORY

TRUST MERGER

TITLE COMPANY

PER CAPITA

ABATEMENT

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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