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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
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Nicholas A. Dicerbo

Real Estate, Government, Estate, Business

Status: In Good Standing Licensed: 51 Years

CONTACT

2835 W River Road, Olean, NY 14760

Nicholas A. Dicerbo

Real Estate, Government, Estate, Business

Status: In Good Standing Licensed: 51 Years

CONTACT

2835 W River Road, Olean, NY 14760

Michael Anthony Morgan

Real Estate, Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

201 N Union St, Olean, NY 14760

Robert Joseph Simon

Intellectual Property, Estate, Business

Status: In Good Standing Licensed: 51 Years

CONTACT

201 N Union St, Olean, NY 14760

Tyler James Threehouse

Health Care, Estate, Civil & Human Rights, Accident & Injury

Status: In Good Standing Licensed: 10 Years

CONTACT

154 N Union Sst, Olean, NY 14760

Christopher Andrew Spence

Federal Trial Practice, Estate Planning, Workers' Compensation, Personal Injury

Status: In Good Standing

CONTACT

411 5Th Ave, Olean, NY 14760

Christopher Andrew Spence

Federal Trial Practice, Estate Planning, Workers' Compensation, Personal Injury

Status: In Good Standing

CONTACT

411 5Th Ave, Olean, NY 14760

Brian C Palumbo

Real Estate, Estate, Elder Law, Business

Status: In Good Standing Licensed: 12 Years

CONTACT

481 N Union St, Olean, NY 14760

Eric Michael Firkel

Real Estate, Lawsuit & Dispute, Industry Specialties, Estate, Wills & Probate

Status: In Good Standing Licensed: 14 Years

CONTACT

757 East State Street, Olean, NY 14760

Alan Leroy Spears

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 41 Years

CONTACT

3701 W Five Mile Rd, Allegany, NY 14706

800-923-0641

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LEGAL TERMS

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

MARITAL LIFE ESTATE TRUST

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.

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.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

KINDRED

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

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.

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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Saint Bonaventure Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Nicholas A. Dicerbo

Nicholas A. Dicerbo

Michael Anthony Morgan

Robert Joseph Simon

Tyler James Threehouse

Christopher Andrew Spence

Christopher Andrew Spence

Brian C Palumbo

Eric Michael Firkel

Alan Leroy Spears

TIPS

LEGAL TERMS

SPECIAL ADMINISTRATOR

MARITAL LIFE ESTATE TRUST

BANKRUPTCY ESTATE

DISINHERIT

GENERATION-SKIPPING TRANSFER TAX

RULE AGAINST PERPETUITIES

DEVISEE

KINDRED

CONTINGENT BENEFICIARY

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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