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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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Richard Samuel Fernan

Landlord-Tenant, Estate, Employee Rights, Family Law, Adoption

Status: In Good Standing Licensed: 49 Years

CONTACT

Southampton, NY 11969

William Robert Dalsimer

Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 57 Years

CONTACT

Southampton, NY 11969

Michael Edward Tockman

Immigration, Trusts, Divorce, Child Support

Status: In Good Standing Licensed: 56 Years

CONTACT

Jamesport, NY 11947

Victor J. Zupa

Foreclosure, Intellectual Property, Government, Trusts

Status: In Good Standing Licensed: 53 Years

CONTACT

580 Basin Rd, Southold, NY 11971

Jennifer B. Gould

Health Care, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 31 Years

CONTACT

Southold, NY 11971

James Kevin Mclaughlin

Real Estate, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 48 Years

CONTACT

Southold, NY 11971

Ellen Fitzpatrick Hoil

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 27 Years

CONTACT

South Jamesport, NY 11970

Linnea Jayne Levine

Social Security, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing

CONTACT

1095 Millstone Rd, Sag Harbor, NY 11963

Georgia Artemios Tsismenakis

Corporate Tax, Tax, Real Estate, Gift Taxation

Status: In Good Standing Licensed: 30 Years

CONTACT

55000 Main Road, Southold, NY 11971

David Lee Heller

Real Estate, Lawsuit & Dispute, Immigration, Trusts, Wills & Probate

Status: In Good Standing Licensed: 39 Years

CONTACT

3334 Noyac Rd, Sag Harbor, NY 11963

800-923-0641

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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

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.

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.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

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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New Suffolk Estate Lawyer, New York, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard Samuel Fernan

William Robert Dalsimer

Michael Edward Tockman

Victor J. Zupa

Jennifer B. Gould

James Kevin Mclaughlin

Ellen Fitzpatrick Hoil

Linnea Jayne Levine

Georgia Artemios Tsismenakis

David Lee Heller

TIPS

LEGAL TERMS

TITLE COMPANY

SUCCESSION

RESIDUARY ESTATE

CONTINGENT BENEFICIARY

LIVING TRUST

CHARITABLE TRUST

ESTATE PLANNING

INHERITANCE TAXES

KINDRED

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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