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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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Robert J. White

Wills & Probate, Criminal, Personal Injury, Accident & Injury

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FREE CONSULTATION

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Cornwallville, NY 12418

Janet M. Thayer

Commercial Real Estate, Estate Administration, Elder Law, Business Organization

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226 Great Oaks Boulevard, Albany, NY 12203

John L. Orfan

Estate Planning, Real Estate, Litigation, Personal Injury

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FREE CONSULTATION

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100 Great Oaks Boulevard, Albany, NY 12203

Michael E Cusack

Estate Planning, Environmental Law, Contract, Business Organization

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Executive Woods, 5 Palisades Drive, Albany, NY 12205

Clifford C. Rohde

Real Estate, Mediation, Estate, Divorce & Family Law

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1540 Central Ave, Albany, NY 12205

Morgen M. Bowers

Corporate, Education, Estate Planning, Intellectual Property

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Executive Woods, 5 Palisades Drive, Albany, NY 12205

James M. Wagman

Traffic, Estate Planning, Divorce & Family Law, Criminal, Motor Vehicle

Status: Licensed: 41 Years

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Catskill, NY 12414

Mark S. Jordan

Personal Injury, DUI-DWI, Traffic, Wills & Probate

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318 Delaware Avenue, Delmar, NY 12054

Danielle R Lange

Estate, Criminal, Business, Divorce & Family Law

Status: Licensed: 19 Years

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114C Essex Cirlce, Guilderland, NY 12084

Brian B. Selchick

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

Status: Licensed: 15 Years

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45 Clayton Place, Albany, NY 12209

800-814-6700

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LEGAL TERMS

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

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.'

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.

GRANTOR

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

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.

TRUSTEE POWERS

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

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

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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Medusa Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Robert J. White

Janet M. Thayer

John L. Orfan

Michael E Cusack

Clifford C. Rohde

Morgen M. Bowers

James M. Wagman

Mark S. Jordan

Danielle R Lange

Brian B. Selchick

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LEGAL TERMS

EXEMPTION TRUST

SURVIVING SPOUSE'S TRUST

ACCUMULATION TRUST

INCOMPETENCE

SUCCESSION

GRANTOR

REMAINDERMAN

TRUSTEE POWERS

INTESTATE SUCCESSION

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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