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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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Meaghan Judd

International, Estate, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 28 Years

CONTACT

92 Broadway, Amityville, NY 11701

Adam James Ansanelli

Real Estate, Lawsuit & Dispute, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 13 Years

CONTACT

92 Broadway, Amityville, NY 11701

Gerard J. Glass

Election & Political, Estate Planning, Family Law, Corporate

Status: In Good Standing Licensed: 40 Years

CONTACT

72 E Main St, Babylon, NY 11702

Ivars Berzins

Bankruptcy & Debt, Lawsuit & Dispute, Estate, Real Estate, Wills & Probate

Status: In Good Standing Licensed: 60 Years

CONTACT

484 W Main St, Babylon, NY 11702

Paul R. Ades

Real Estate, Estate

Status: In Good Standing Licensed: 59 Years

CONTACT

181 W Main St, Babylon, NY 11702

Vincent G. Berger

Government, Estate

Status: In Good Standing Licensed: 62 Years

CONTACT

133 E Main St, Babylon, NY 11702

William Joseph Eppig

Accident & Injury, Wills & Probate, Real Estate Other

Status: In Good Standing Licensed: 50 Years

CONTACT

107 Cooper St, Babylon, NY 11702

Werner J. Zumbrunn

Real Estate, Government, Estate

Status: In Good Standing Licensed: 53 Years

CONTACT

15 Gamecock Ln, Babylon, NY 11702

Maureen A. Glass

Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 43 Years

CONTACT

72 E Main St, Babylon, NY 11702

Mikel J. Hoffman

Real Estate, Estate, Business, Medical Malpractice

Status: In Good Standing Licensed: 40 Years

CONTACT

8 Angelica Ct, Babylon, NY 11704

800-923-0641

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LEGAL TERMS

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.

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.

CURATOR

See conservator.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

FAILURE OF ISSUE

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

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

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.

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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Islandia Estate Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Meaghan Judd

Adam James Ansanelli

Gerard J. Glass

Ivars Berzins

Paul R. Ades

Vincent G. Berger

William Joseph Eppig

Werner J. Zumbrunn

Maureen A. Glass

Mikel J. Hoffman

TIPS

LEGAL TERMS

TRUSTEE

RESIDUARY BENEFICIARY

CURATOR

ABSTRACT OF TRUST

CHARITABLE TRUST

SPENDTHRIFT TRUST

FAILURE OF ISSUE

BANKRUPTCY ESTATE

FINAL BENEFICIARY

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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