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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.
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Leslie Norman Simon

Industry Specialties, Government, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 42 Years

CONTACT

787 Route 35, Cross River, NY 10518

Susan Carol Simon

Real Estate, Estate, Contract, Business

Status: In Good Standing Licensed: 30 Years

CONTACT

787 Route 35, Cross River, NY 10518

Neil A. Burstein

Deportation, Estate, Employee Rights, Divorce

Status: In Good Standing Licensed: 48 Years

CONTACT

63 Winterberry Cir, Cross River, NY 10518

Robert Howard Strongin

Real Estate, Estate, Business

Status: In Good Standing Licensed: 39 Years

CONTACT

6 Adams Hill Rd, Cross River, NY 10518

Allison Guthrie Fischer

Estate, Estate Planning

Status: In Good Standing Licensed: 27 Years

CONTACT

Cross River, NY 10518

Ralph R. Mackin

Real Estate, Lawsuit & Dispute, Estate

Status: In Good Standing Licensed: 59 Years

CONTACT

5 Hawthorne Ct, North Salem, NY 10560

Charles Martin Tomaselli

Real Estate, Lawsuit & Dispute, Estate, Environmental Law

Status: In Good Standing Licensed: 58 Years

CONTACT

23 Lower Trinity Pass Rd, Pound Ridge, NY 10576

Pamela Corey

Lawsuit & Dispute, Estate, Business

Status: In Good Standing Licensed: 37 Years

CONTACT

28 Winterbottom Ln, Pound Ridge, NY 10576

Marc Weisenfreund

Lawsuit & Dispute, Immigration, Estate, Car Accident

Status: In Good Standing

CONTACT

28 Twin Fawn Ln, Pound Ridge, NY 10576

Andrew David Beresin

Estate, Environmental Law Other, Child Custody, Business

Status: In Good Standing Licensed: 33 Years

CONTACT

210 Oakridge Commons, South Salem, NY 10590

800-923-0641

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LEGAL TERMS

CURATOR

See conservator.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

PREDECEASED SPOUSE

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

FAMILY POT TRUST

See pot trust.

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.

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.'

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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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South Salem Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Leslie Norman Simon

Susan Carol Simon

Neil A. Burstein

Robert Howard Strongin

Allison Guthrie Fischer

Ralph R. Mackin

Charles Martin Tomaselli

Pamela Corey

Marc Weisenfreund

Andrew David Beresin

TIPS

LEGAL TERMS

CURATOR

MINERAL RIGHTS

BEQUEATH

PREDECEASED SPOUSE

FAMILY POT TRUST

ADEMPTION

TRUST CORPUS

ACCUMULATION TRUST

GRANTOR RETAINED INCOME 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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