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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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3. Practice AreasServices
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Donald J. Snyder

Government, Estate, Business

Status: In Good Standing Licensed: 59 Years

CONTACT

379 W Main St, West Winfield, NY 13491

Rebecca Russell Hanft

Real Estate, Industry Specialties, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 14 Years

CONTACT

7364 Bonney Hill Road, Hamilton, NY 13346

Elizabeth Ann Kenny

Estate Planning, Divorce & Family Law, Elder Law

Status: In Good Standing Licensed: 21 Years

CONTACT

146 Stafford Ave, Waterville, NY 13480

Victoria Quesada

Estate, Wrongful Termination, Criminal, Defamation & Slander

Status: In Good Standing Licensed: 48 Years

CONTACT

35 University Ave, Hamilton, NY 13346

Lester A. Sittler

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

Status: In Good Standing Licensed: 46 Years

CONTACT

Fly Creek, NY 13337

Ryan Frederick Coutlee

Health Care, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing Licensed: 22 Years

CONTACT

189 Cemetery Road, Fly Creek, NY 13337

Harris John Samuels

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 49 Years

CONTACT

Sauquoit, NY 13456

G Kevin Ludlow

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

Sauquoit, NY 13456

Rodney L. Klafehn

Real Estate, Government, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 49 Years

CONTACT

172 County Highway 12, Laurens, NY 13796

Charles H Knull

Intellectual Property, Federal, Trusts, Criminal

Status: In Good Standing

CONTACT

25 Railroad Avenue, Cooperstown, NY 13326

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.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

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.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

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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West Edmeston Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Donald J. Snyder

Rebecca Russell Hanft

Elizabeth Ann Kenny

Victoria Quesada

Lester A. Sittler

Ryan Frederick Coutlee

Harris John Samuels

G Kevin Ludlow

Rodney L. Klafehn

Charles H Knull

TIPS

LEGAL TERMS

ADEMPTION

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

ENDOWMENT INSURANCE

PUBLISHED WORK

HEIR AT LAW

GENERATION-SKIPPING TRUST

FINAL BENEFICIARY

HOLOGRAPHIC WILL

INTER VIVOS 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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