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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.
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James Michael Hartmann

Estate, Criminal

Status: In Good Standing Licensed: 50 Years

CONTACT

Delhi, NY 13753

Bruce James Mckeegan

Real Estate, Government, Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

127 Main Street, Delhi, NY 13753

Kurt D. Schulte

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 41 Years

CONTACT

12 Club Ave, Oneonta, NY 13820

Richard A. Harlem

Real Estate, Estate, Estate Planning

Status: In Good Standing Licensed: 42 Years

CONTACT

493 Chestnut Street, Suite 2, Oneonta, NY 13820

George R. Silvernell

Real Estate, Government, Estate

Status: In Good Standing Licensed: 67 Years

CONTACT

21 Walnut St, Oneonta, NY 13820

Catherine M Hannan

Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 29 Years

CONTACT

189 Main St, Oneonta, NY 13820

Ellen Leary Coccoma

Real Estate, Banking & Finance, Elder Law, Litigation, Estate

Status: In Good Standing

CONTACT

1 Ford Ave, Oneonta, NY 13820

Meredith Leigh Baio

Commercial Real Estate, Residential Real Estate, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 13 Years

CONTACT

1 Ford Ave, Oneonta, NY 13820

Hollie J. Jaffe

Real Estate, Estate

Status: In Good Standing Licensed: 41 Years

CONTACT

34 East St, Oneonta, NY 13820

Jeffrey Conrad Griswold

Estate, Business

Status: In Good Standing Licensed: 27 Years

CONTACT

652 East St, Oneonta, NY 13820

800-923-0641

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LEGAL TERMS

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

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.

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.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

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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Meridale Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James Michael Hartmann

Bruce James Mckeegan

Kurt D. Schulte

Richard A. Harlem

George R. Silvernell

Catherine M Hannan

Ellen Leary Coccoma

Meredith Leigh Baio

Hollie J. Jaffe

Jeffrey Conrad Griswold

TIPS

LEGAL TERMS

BYPASS TRUST

DISINHERIT

POUR-OVER WILL

SPECIFIC BEQUEST

LIFE BENEFICIARY

BANKRUPTCY ESTATE

RESIDUARY ESTATE

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

WILL

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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