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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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John Peter Brooke

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Bankruptcy & Debt, Divorce & Family Law, Foreclosure, Wills & Probate, Real Estate

My law firm is a full-service practice specializing in the areas of bankruptcy, foreclosure defense, mortgage/loan modifications as well as other area... (more)

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800-576-3140

85 W. Main Street, Bay Shore, NY 11706

Anthony Vincent Falcone

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Estate Planning

Mr. Falcone has extensive knowledge in estate planning for families of all ages and all income levels, Medicaid Asset Protection for seniors, Special ... (more)

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631-319-7770

150 Motor Parkway, Hauppauge, NY 11788

James F. Misiano

Estate Planning, Personal Injury, Real Estate, Trusts

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FREE CONSULTATION

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510 Broadhollow Road, Melville, NY 11747

David C. Jacobson

Corporate Tax, Gift Taxation, Estate Planning, Elder Law

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445 Broad Hollow Road, Melville, NY 11747

Andrew D. Blum

Wills & Probate, Family Law, Constitutional Law, Civil Rights

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150 Motor Parkway, Hauppauge, NY 11788

Joseph A. Milligan

Other, Estate, Divorce & Family Law

Status: Licensed: 66 Years

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1641 Deer Park Ave, Deer Park, NY 11729

Dawn Walsh

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

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FREE CONSULTATION

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5 Foxridge Circle, Dix Hills, NY 11746

Harold E. Gerry

Estate, Elder Law

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330 Vanderbilt Motor Parkway, Hauppauge, NY 11788

John Thomas Henderson

Estate, Elder Law, Medicare & Medicaid

Status: Licensed: 23 Years

CONTACT

330 Motor Parkway, Hauppauge, NY 11788

Robert T. Rinear

Estate Planning, Estate, Business

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112 Farmingdale Road (Route 109), West Babylon, NY 11704

800-814-6700

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LEGAL TERMS

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

FAMILY POT TRUST

See pot trust.

CERTIFICATION OF TRUST

See abstract of trust.

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.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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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Deer Park Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Peter Brooke

Anthony Vincent Falcone

James F. Misiano

David C. Jacobson

Andrew D. Blum

Joseph A. Milligan

Dawn Walsh

Harold E. Gerry

John Thomas Henderson

Robert T. Rinear

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LEGAL TERMS

HEIR APPARENT

EXECUTOR

SUCCESSION

FAMILY POT TRUST

CERTIFICATION OF TRUST

ADEMPTION

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

INCOMPETENCE

RESIDUARY ESTATE

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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