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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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James Timothy Embser

Trusts, Estate Planning, Construction, Housing & Urban Development

Status: Licensed: 64 Years

CONTACT

164 N Main St, Wellsville, NY 14895

John Albert Cappellini

White Collar Crime, Estate Planning, Bankruptcy, Contract, Natural Resources

Status: Licensed: 27 Years

CONTACT

1 East Main St., Cuba, NY 14727

Jeffrey Lance Hall

Intellectual Property, Government, Estate, Environmental Law

Status: Licensed: 33 Years

CONTACT

2219 Haskell Rd, Olean, NY 14760

Brian C Palumbo

Real Estate, Estate, Elder Law, Business

Status: Licensed: 12 Years

CONTACT

481 N Union St, Olean, NY 14760

Eric Michael Firkel

Real Estate, Lawsuit & Dispute, Industry Specialties, Estate, Wills & Probate

Status: Licensed: 14 Years

CONTACT

757 East State Street, Olean, NY 14760

Christopher Andrew Spence

Federal Trial Practice, Estate Planning, Workers' Compensation, Personal Injury

Status:

CONTACT

411 5Th Ave, Olean, NY 14760

Tyler James Threehouse

Health Care, Estate, Civil & Human Rights, Accident & Injury

Status: Licensed: 10 Years

CONTACT

154 N Union Sst, Olean, NY 14760

Michael Anthony Morgan

Real Estate, Estate, Business, Bankruptcy & Debt

Status: Licensed: 18 Years

CONTACT

201 N Union St, Olean, NY 14760

Robert Joseph Simon

Intellectual Property, Estate, Business

Status: Licensed: 51 Years

CONTACT

201 N Union St, Olean, NY 14760

Nicholas A. Dicerbo

Real Estate, Government, Estate, Business

Status: Licensed: 51 Years

CONTACT

2835 W River Road, Olean, NY 14760

800-923-0641

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LEGAL TERMS

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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).

CREDIT SHELTER TRUST

See AB trust.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

CERTIFICATION OF TRUST

See abstract of trust.

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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Allentown Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James Timothy Embser

John Albert Cappellini

Jeffrey Lance Hall

Brian C Palumbo

Eric Michael Firkel

Christopher Andrew Spence

Tyler James Threehouse

Michael Anthony Morgan

Robert Joseph Simon

Nicholas A. Dicerbo

TIPS

LEGAL TERMS

FAILURE OF ISSUE

TRUSTEE POWERS

GRANTOR RETAINED INCOME TRUST

CREDIT SHELTER TRUST

GRANT DEED

AUGMENTED ESTATE

LETTERS TESTAMENTARY

PROPERTY CONTROL TRUST

CERTIFICATION OF 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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