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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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Bridget Joy Tartaglia

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

Bridget Tartaglia is a graduate of the State University of New York at Stony Brook. Ms. Tartaglia received her Juris Doctor with honors from Touro Col... (more)

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800-941-1210

969 Jericho Tpke, Saint James, NY 11780

Brian Todd Epstein

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

Attorney Epstein graduated with his J.D. from Touro College. Attorney Epstein practices Divorce & Family Law, Criminal, Accident & Injury, Estate, and... (more)

CONTACT

631-698-3900

1305 Middle Country Rd, Selden, NY 11784

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

Robert S. Miller

Estate Planning, Medical Malpractice, Health Care, Commercial Real Estate, Mass Torts

Status: In Good Standing Licensed: 58 Years

CONTACT

15 Bri Ct, Nesconset, NY 11767

Robert Scott Miller

Estate Planning, Medical Malpractice, Health Care, Commercial Real Estate, Mass Torts

Status: In Good Standing Licensed: 58 Years

CONTACT

15 Bri Ct, Nesconset, NY 11767

Robert Steven Miller

Estate Planning, Medical Malpractice, Health Care, Commercial Real Estate, Mass Torts

Status: In Good Standing Licensed: 58 Years

CONTACT

15 Bri Ct, Nesconset, NY 11767

Daniel Peter O'Brien

Real Estate, Estate, Criminal

Status: In Good Standing Licensed: 41 Years

CONTACT

168 Smithtown Blvd, Nesconset, NY 11767

Bridget Theresa Faldetta

Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

732 Smithtown Bypass, Smithtown, NY 11787

David Mitchell Ardam

Traffic, Estate, Adoption, Accident & Injury

Status: In Good Standing Licensed: 46 Years

CONTACT

64 Smithtown Blvd, Smithtown, NY 11787

800-923-0641

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LEGAL TERMS

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.

TRUSTEE POWERS

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

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.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

FUNDING A TRUST

Transferring ownership of property to a trust.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

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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Nesconset Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bridget Joy Tartaglia

Brian Todd Epstein

Kenneth F. Grabie

Eliot M. Rudick

Robert S. Miller

Robert Scott Miller

Robert Steven Miller

Daniel Peter O'Brien

Bridget Theresa Faldetta

David Mitchell Ardam

TIPS

LEGAL TERMS

ACCUMULATION TRUST

TRUSTEE POWERS

IN TERROREM

PREDECEASED SPOUSE

TRUSTEE

FUNDING A TRUST

INHERITANCE TAXES

POWER OF APPOINTMENT

TRUST MERGER

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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