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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.
3. Practice AreasServices
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Alfred F.M. de Prado

Estate, Lawsuit & Dispute, Divorce & Family Law, Criminal

Status: In Good Standing

FREE CONSULTATION

CONTACT

2014 Crompond Road, Yorktown Heights, NY 10598

Peter D. Hoffman

Special Education, Education, Wills & Probate, Guardianships & Conservatorships

Status: In Good Standing Licensed: 31 Years

FREE CONSULTATION

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200 Katonah Ave, Katonah, NY 10536

Lester Forest

Consumer Bankruptcy, Estate, Civil Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

299 Route 6N, Mahopac, NY 10541

George Hunter Roberts

Commercial Real Estate, Estate Planning, Estate, Elder Law

Status: In Good Standing

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200 Katonah Ave, Katonah, NY 10536

William V. Spelman

Wills, Wills & Probate, Estate, Business

Status: In Good Standing Licensed: 65 Years

CONTACT

2340 Broad St, Yorktown Heights, NY 10598

Mary O'Neill Schlageter

Lawsuit & Dispute, Estate, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 25 Years

CONTACT

1961 Commerce St, Yorktown Heights, NY 10598

Randal Dennis Pratt

Admiralty & Maritime, Trusts, Elder Law, Business

Status: In Good Standing Licensed: 44 Years

CONTACT

1335 Whitehill Rd, Yorktown Heights, NY 10598

Judith Reardon

Foreclosure, Real Estate, Wills, Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

20 Woodsbridge Rd, Katonah, NY 10536

Frank Priolo

Wills & Probate, Business, Criminal

Status: In Good Standing

CONTACT

Shrub Oak, NY 10588

800-923-0641

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LEGAL TERMS

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.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

CERTIFICATION OF TRUST

See abstract of trust.

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.

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.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

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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Amawalk Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alfred F.M. de Prado

Peter D. Hoffman

Lester Forest

George Hunter Roberts

William V. Spelman

Mary O'Neill Schlageter

Randal Dennis Pratt

Judith Reardon

Frank Priolo

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LEGAL TERMS

SPECIFIC BEQUEST

DEED OF TRUST

RULE AGAINST PERPETUITIES

CERTIFICATION OF TRUST

ADMINISTRATION (OF AN ESTATE)

ACCUMULATION TRUST

CHARITABLE TRUST

POWER OF APPOINTMENT

ADMINISTRATRIX

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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