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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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Frederick L Fowler

Estate, Civil & Human Rights

Status: In Good Standing

FREE CONSULTATION

CONTACT

1011 Hoosick Road, Troy, NY 12180

Bellanca J. Fletcher

Real Estate, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing

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251 River Street, Troy, NY 12181

James Eric Dering

Health Care Other, Estate Planning, White Collar Crime, Elder Law, Banking & Finance

Status: In Good Standing Licensed: 33 Years

CONTACT

677 Broadway, Albany, NY 12207

Susan A. Nixon

Education, Wills & Probate, Child Custody, Business Organization

Status: In Good Standing

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677 Broadway, Albany, NY 12207

Mindy Ellen Mcdermott

Traffic, Wills & Probate, Divorce, Criminal

Status: In Good Standing Licensed: 18 Years

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150 Broadway, Albany, NY 12204

Brian T. Sadonis

Real Estate, Estate, Business

Status: In Good Standing

CONTACT

150 Broadway, Albany, NY 12204

Michael John Derevlany

Real Estate, Industry Specialties, Estate, Environmental Law

Status: In Good Standing Licensed: 28 Years

CONTACT

800 N Pearl St, Albany, NY 12204

Adam Jonathan Schultz

Real Estate, Litigation, Estate, Employment

Status: In Good Standing

CONTACT

540 Broadway, Albany, NY 12201

Carin Elizabeth Spreitzer

Real Estate, Lawsuit & Dispute, Government, Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

625 Broadway, Albany, NY 12233

Jeffrey Lee Zimring

Immigration, Estate, Child Custody, Consumer Rights

Status: In Good Standing Licensed: 21 Years

CONTACT

120 Broadway, Albany, NY 12204

800-923-0641

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LEGAL TERMS

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

TITLE COMPANY

A company that issues title insurance.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic 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.

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.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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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Petersburg Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Frederick L Fowler

Bellanca J. Fletcher

James Eric Dering

Susan A. Nixon

Mindy Ellen Mcdermott

Brian T. Sadonis

Michael John Derevlany

Adam Jonathan Schultz

Carin Elizabeth Spreitzer

Jeffrey Lee Zimring

TIPS

LEGAL TERMS

MARITAL LIFE ESTATE TRUST

ACCUMULATION TRUST

BEQUEATH

INVENTORY

TITLE COMPANY

QDOT TRUST

BANKRUPTCY ESTATE

ESTATE PLANNING

ADEMPTION

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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