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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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Aristides Sepulveda

Estate, Real Estate, Litigation

Status: In Good Standing

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30 Wall Street, New York, NY 10005

Mark Ira Lefkowicz

Divorce & Family Law, Estate, Real Estate, Bankruptcy & Debt, Business Organization

Status: In Good Standing Licensed: 29 Years

FREE CONSULTATION

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90 Broad Street, New York, NY 10004

Veer P. Patel

Real Estate, Estate, Bankruptcy & Debt, Consumer Rights, Accident & Injury

Status: In Good Standing Licensed: 11 Years

FREE CONSULTATION

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26 Court Street, Brooklyn, NY 11242

Joan Noble Grace James

Divorce & Family Law, Estate, Bankruptcy & Debt, Real Estate, Immigration

Status: In Good Standing Licensed: 38 Years

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185 Montague Street, Brooklyn, NY 11201

Marc Schwartz

Bankruptcy, Bankruptcy & Debt, Estate, Wills & Probate

Status: In Good Standing Licensed: 50 Years

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16 Court St., Brooklyn, NY 11241

Jules G. Messinger

Accident & Injury, Medical Malpractice, Estate, Personal Injury

Status: In Good Standing Licensed: 39 Years

FREE CONSULTATION

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26 Court Street, Brooklyn, NY 11242

Michael Zweig

Medical Malpractice, Workers' Compensation, Personal Injury, Wills & Probate

Status: In Good Standing

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302A W 12Th St, New York, NY 10014

Shelia Cockburn

Estate, Business, Elder Law, Gay & Lesbian Rights, Immigration

Status: In Good Standing Licensed: 18 Years

FREE CONSULTATION

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601 West 26th St, New York, NY 10016

Barton Lloyd Slavin

Business, Personal Injury, Estate, Commercial Real Estate, Real Estate

Status: In Good Standing Licensed: 42 Years

FREE CONSULTATION

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450 Seventh Avenue, New York, NY 10123

Lynn Berat

Estate, Contract, Real Estate, Power of Attorney, Immigration

Status: In Good Standing Licensed: 35 Years

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244 5Th Ave, New York, NY 10001

800-923-0641

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LEGAL TERMS

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

FAMILY POT TRUST

See pot trust.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

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.

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.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

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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So Pole Estate Lawyer, New York, page 8

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Aristides Sepulveda

Mark Ira Lefkowicz

Veer P. Patel

Joan Noble Grace James

Marc Schwartz

Jules G. Messinger

Michael Zweig

Shelia Cockburn

Barton Lloyd Slavin

Lynn Berat

TIPS

LEGAL TERMS

PROPERTY CONTROL TRUST

IN TERROREM

EXECUTOR

FAMILY POT TRUST

CONSERVATOR

RESIDUARY ESTATE

RULE AGAINST PERPETUITIES

FAILURE OF ISSUE

ANCILLARY PROBATE

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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