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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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Margaret Anne O'Connell

Government, Estate

Status: Licensed: 43 Years

CONTACT

167 Glimmer Hill Ln, Cooperstown, NY 13326

David James Clinton

Real Estate, International, Estate, Divorce & Family Law

Status:

CONTACT

Cooperstown, NY 13326

Terrence P. Dwyer

Real Estate, Traffic, Estate, Divorce & Family Law

Status:

CONTACT

Cooperstown, NY 13326

William Clark Green

Lawsuit, Trusts, Employment, Civil Rights

Status: Licensed: 22 Years

CONTACT

50 Main St, Cooperstown, NY 13326

Robert B. Schlather

Estate, Tax, Residential Real Estate, Civil & Human Rights

Status:

CONTACT

192 Main St, Cooperstown, NY 13326

Timothy Johnson

Landlord-Tenant, Elder Law, Estate Planning, Business

Status:

CONTACT

203 Main Street, Cooperstown, NY 13326

Charles H Knull

Intellectual Property, Federal, Trusts, Criminal

Status:

CONTACT

25 Railroad Avenue, Cooperstown, NY 13326

Lester A. Sittler

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

Status: Licensed: 46 Years

CONTACT

Fly Creek, NY 13337

Ryan Frederick Coutlee

Health Care, Wills & Probate, Estate Planning, Elder Law

Status: Licensed: 22 Years

CONTACT

189 Cemetery Road, Fly Creek, NY 13337

Joseph A. Nalli

Real Estate, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 40 Years

CONTACT

121 Honey Hill Rd, Fort Plain, NY 13339

800-923-0641

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LEGAL TERMS

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.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

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.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

TITLE COMPANY

A company that issues title insurance.

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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Fly Creek Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Margaret Anne O'Connell

David James Clinton

Terrence P. Dwyer

William Clark Green

Robert B. Schlather

Timothy Johnson

Charles H Knull

Lester A. Sittler

Ryan Frederick Coutlee

Joseph A. Nalli

TIPS

LEGAL TERMS

RESIDUARY ESTATE

TRUST DEED

RESIDUARY BENEFICIARY

DEVISEE

TESTAMENTARY TRUST

REMAINDERMAN

POWER OF APPOINTMENT

POUR-OVER WILL

TITLE COMPANY

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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