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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
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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David P. Badanes

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Divorce & Family Law, Estate, Bankruptcy & Debt

Choosing your divorce, family or criminal defense lawyer is one of the most important decisions you will ever make. David Badanes Esq. has extensi... (more)

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CONTACT

631-239-1702

842 Route 25A, Northport, NY 11768

Kenneth F. Grabie

Wills & Probate, Government Agencies, Health Care, Wills

Status: In Good Standing

CONTACT

162 Terry Road, Smithtown, NY 11787

Eliot M. Rudick

Corporate, Estate Planning, Family Law, Real Estate

Status: In Good Standing

CONTACT

150 Vanderbilt Motor Parkway, Hauppauge, NY 11788

Janet Cohn Singer

Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 48 Years

CONTACT

152 Lakebridge Dr N, Kings Park, NY 11754

Edward Brozinsky

Lawsuit & Dispute, Estate

Status: In Good Standing Licensed: 56 Years

CONTACT

152 Lakebridge Dr N, Kings Park, NY 11754

Jean Marie Lawry

Real Estate, Lawsuit & Dispute, Estate

Status: In Good Standing Licensed: 32 Years

CONTACT

5 Truesdale Ct, Northport, NY 11768

Olga Johanna Rodriguez

Estate, Divorce & Family Law

Status: In Good Standing

CONTACT

5 Long Meadow Rd, Commack, NY 11725

Kathleen Marie Daniels

Wills & Probate, Estate, Residential Real Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

5 Wesleyan Ct, Smithtown, NY 11787

Mark Shaban Eghrari

Immigration, Trusts, Estate, Elder Law

Status: In Good Standing

CONTACT

50 Karl Ave, Smithtown, NY 11787

Rona Ilene Kugler

Government, Trusts

Status: In Good Standing Licensed: 28 Years

CONTACT

150 Motor Pkwy, Smithtown, NY 11788

800-923-0641

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LEGAL TERMS

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

MARITAL LIFE ESTATE TRUST

See AB trust.

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

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.

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).

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.

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.

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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Kings Park Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David P. Badanes

Kenneth F. Grabie

Eliot M. Rudick

Janet Cohn Singer

Edward Brozinsky

Jean Marie Lawry

Olga Johanna Rodriguez

Kathleen Marie Daniels

Mark Shaban Eghrari

Rona Ilene Kugler

TIPS

LEGAL TERMS

SPRINKLING TRUST

IRREVOCABLE TRUST

PROPERTY CONTROL TRUST

MARITAL LIFE ESTATE TRUST

PETITION

FINAL BENEFICIARY

GRANTOR RETAINED INCOME TRUST

GRANT DEED

RESIDUARY 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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