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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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Jeffrey Edmond McMorris

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

Jeff is a native of Washington County and was born and raised in Greenwich, New York. He graduated from Greenwich High School and Colgate University. ... (more)

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800-279-8510

9 Broad St, Glens Falls, NY 12801

Daniel James Hogan

Accident & Injury, Estate, Lawsuit & Dispute, Real Estate, Divorce

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CONTACT

288 Glen Street, Glens Falls, NY 12801

Dennis J O'Connor

Estate, Wills & Probate, Trusts, Medicare & Medicaid

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CONTACT

288 Glen Street, Glens Falls, NY 12801

Elisabeth Brodie Mahoney

Estate Administration, Estate Planning, Elder Law, Corporate, Real Estate

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16 Maple St, Glens Falls, NY 12801

James Edward Cullum

Real Estate, Lawsuit & Dispute, Estate, Insurance, Accident & Injury

Status: Licensed: 57 Years

CONTACT

288 Glen St, Glens Falls, NY 12801

John E. Fitzgerald

Commercial Real Estate, Estate Planning, Elder Law, Defamation & Slander

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CONTACT

288 Glen St, Glens Falls, NY 12801

Stephen Morgan Layden

Real Estate, Estate, Business

Status: Licensed: 31 Years

CONTACT

169 Main St, Hudson Falls, NY 12839

Stefanie Di Lallo Bitter

Real Estate, Business, Estate, Power of Attorney, Municipal

Status:

CONTACT

1 Washington St, Glens Falls, NY 12801

Alan Charles Rosenthal Rhodes

Commercial Real Estate, Real Estate, Estate Planning, Business

Status: Licensed: 64 Years

CONTACT

1 Washington St, Glens Falls, NY 12801

Alan R. Rhodes

Corporate, International Tax, Elder Law, Estate Planning, Commercial Real Estate

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CONTACT

1 Washington St, Glens Falls, NY 12801

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LEGAL TERMS

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.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

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.

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).

MARITAL LIFE ESTATE TRUST

See AB trust.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

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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Cossayuna Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeffrey Edmond McMorris

Daniel James Hogan

Dennis J O'Connor

Elisabeth Brodie Mahoney

James Edward Cullum

John E. Fitzgerald

Stephen Morgan Layden

Stefanie Di Lallo Bitter

Alan Charles Rosenthal Rhodes

Alan R. Rhodes

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LEGAL TERMS

POWER OF APPOINTMENT

PUBLISHED WORK

SUCCESSOR TRUSTEE

ADEMPTION

GRANTOR RETAINED INCOME TRUST

MARITAL LIFE ESTATE TRUST

HEIR AT LAW

PRETERMITTED HEIR

LAPSE

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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