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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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LaurieAnne DeLitta

Divorce & Family Law, Estate, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

5 MacDonald Avenue, Armonk, NY 10504

Carolyn Ellen Harting

General Practice

Status: In Good Standing Licensed: 41 Years

CONTACT

Bedford, NY 10506

Edward J. Rinaldi

Government, Estate, Criminal, Accident & Injury

Status: In Good Standing Licensed: 49 Years

CONTACT

Bedford, NY 10506

Marc Weisenfreund

Lawsuit & Dispute, Immigration, Estate, Car Accident

Status: In Good Standing

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28 Twin Fawn Ln, Pound Ridge, NY 10576

Farva Jafri

Bankruptcy & Debt, Tax, Divorce, Estate Planning, White Collar Crime

Status: In Good Standing

FREE CONSULTATION

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50 Evergreen Row, Armonk, NY 10504

Lloyd David Feld

Estate, Lawsuit & Dispute, Securities Fraud , Contract

Status: In Good Standing Licensed: 62 Years

CONTACT

15 Trudy Ln, Armonk, NY 10504

Marc Eliot Schneider

Government, Estate

Status: Suspended Licensed: 35 Years

CONTACT

374 Sarles St, Mount Kisco, NY 10549

Pamela Corey

Lawsuit & Dispute, Estate, Business

Status: In Good Standing Licensed: 37 Years

CONTACT

28 Winterbottom Ln, Pound Ridge, NY 10576

John Edward Cone

Real Estate, Lawsuit & Dispute, Immigration, Estate

Status: In Good Standing Licensed: 56 Years

CONTACT

2 Ascot Cir, Mount Kisco, NY 10549

Mary Alison Friel

Real Estate, Estate

Status: In Good Standing Licensed: 48 Years

CONTACT

23 Bretton Ridge, Mount Kisco, NY 10549

800-923-0641

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LEGAL TERMS

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

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.

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.'

FUNDING A TRUST

Transferring ownership of property to a trust.

TRUSTEE POWERS

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

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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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Bedford Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

LaurieAnne DeLitta

Carolyn Ellen Harting

Edward J. Rinaldi

Marc Weisenfreund

Farva Jafri

Lloyd David Feld

Marc Eliot Schneider

Pamela Corey

John Edward Cone

Mary Alison Friel

TIPS

LEGAL TERMS

RESIDUARY BENEFICIARY

CONTINGENT BENEFICIARY

SPECIAL ADMINISTRATOR

LAPSE

BEQUEATH

FUNDING A TRUST

TRUSTEE POWERS

TRUSTEE

PROBATE

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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