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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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Elena Villafane

Family Law, Contract, Trusts, Estate Planning

Status: In Good Standing

FREE CONSULTATION

CONTACT

One School Street, Glen Cove, NY 11542

Henry Brooks Smith

Real Estate, International, Estate

Status: In Good Standing

CONTACT

147 Forest Ave, Locust Valley, NY 11560

Beverly June Bell

Landlord-Tenant, Real Estate, Industry Specialties, Estate

Status: In Good Standing

CONTACT

147 Forest Ave, Locust Valley, NY 11560

Jonathan Adams Moore

Real Estate, Lawsuit & Dispute, Estate, Accident & Injury

Status: In Good Standing Licensed: 40 Years

CONTACT

108 Forest Ave, Locust Valley, NY 11560

Yael Noemi Lazar

Estate Planning, Wills, Trusts, Employee Rights

Status: In Good Standing

CONTACT

Locust Valley, NY 11560

Shannon Theresa Ackerly

Real Estate, Industry Specialties, Estate

Status: In Good Standing

CONTACT

147 Forest Ave, Locust Valley, NY 11560

Kiera Eileen Flynn

Real Estate, Industry Specialties, Estate, Divorce

Status: In Good Standing

CONTACT

147 Forest Ave, Locust Valley, NY 11560

John Garner Worrell Zacker

Estate, Business

Status: In Good Standing Licensed: 38 Years

CONTACT

Locust Valley, NY 11560

Donald T. Rave

Real Estate, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 67 Years

CONTACT

11 The Plaza, Locust Valley, NY 11560

Donald Theodore Rave

Real Estate, Estate, Divorce, Civil & Human Rights

Status: In Good Standing Licensed: 67 Years

CONTACT

11 The Plaza, Locust Valley, NY 11560

800-923-0641

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LEGAL TERMS

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

TRUSTEE POWERS

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

FUNDING A TRUST

Transferring ownership of property to a trust.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

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.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

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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Locust Valley Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Elena Villafane

Henry Brooks Smith

Beverly June Bell

Jonathan Adams Moore

Yael Noemi Lazar

Shannon Theresa Ackerly

Kiera Eileen Flynn

John Garner Worrell Zacker

Donald T. Rave

Donald Theodore Rave

TIPS

LEGAL TERMS

FAMILY ALLOWANCE

IN TERROREM

TRUSTEE POWERS

FUNDING A TRUST

GRANTOR

PER CAPITA

SUCCESSION

MINERAL RIGHTS

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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