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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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Robert J. White

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

Status:

FREE CONSULTATION

CONTACT

Cornwallville, NY 12418

Charles J. Zwickel

Real Estate, Estate, Business

Status: Licensed: 46 Years

CONTACT

370 Main St, Catskill, NY 12414

David Holley Carnright

Real Estate, Estate, Divorce & Family Law, Criminal

Status: Licensed: 47 Years

CONTACT

27 Wilhelm Rd, Saugerties, NY 12477

Denise Frenia Esslie

Estate Planning

Status: Licensed: 26 Years

CONTACT

550 Main St, Cairo, NY 12413

Diane D. Cohen

Real Estate, Estate, Business

Status: Licensed: 27 Years

CONTACT

197 Olander Dr, East Jewett, NY 12424

James M. Wagman

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

Status: Licensed: 41 Years

CONTACT

Catskill, NY 12414

Michael W. Esslie

Landlord-Tenant, Estate Planning, Employment, Personal Injury

Status: Licensed: 26 Years

CONTACT

550 Main St, Cairo, NY 12413

Ralph Coe Lewis

Real Estate, Dispute Resolution, Wills & Probate, Employment Discrimination, Workers' Compensation

Status: Licensed: 51 Years

CONTACT

Catskill, NY 12414

Susan J. Kohan

Estate, Business

Status: Licensed: 46 Years

CONTACT

East Jewett, NY 12485

Veronica Maxine Kosich

Wills & Probate, Estate Planning, Divorce & Family Law, Criminal

Status: Licensed: 26 Years

CONTACT

24 Hamburg Rd, Catskill, NY 12414

800-814-6700

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LEGAL TERMS

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.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

CERTIFICATION OF TRUST

See abstract of trust.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

FUNDING A TRUST

Transferring ownership of property to a trust.

CURATOR

See conservator.

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.

GRANTOR

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

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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Purling Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Robert J. White

Charles J. Zwickel

David Holley Carnright

Denise Frenia Esslie

Diane D. Cohen

James M. Wagman

Michael W. Esslie

Ralph Coe Lewis

Susan J. Kohan

Veronica Maxine Kosich

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LEGAL TERMS

CONTINGENT BENEFICIARY

SPENDTHRIFT TRUST

CERTIFICATION OF TRUST

PROVING A WILL

NONPROBATE

FUNDING A TRUST

CURATOR

ACCUMULATION TRUST

GRANTOR

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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