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Abraham Michelson
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203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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John Harbst

Intellectual Property, Estate Planning

Status: In Good Standing Licensed: 40 Years

CONTACT

1180 Litchfield Ln, Bartlett, IL 60103

John Harbst

Intellectual Property, Estate Planning

Status: In Good Standing Licensed: 40 Years

CONTACT

1180 Litchfield Ln, Bartlett, IL 60103

Rachael Price

Divorce & Family Law, Estate Planning, Wills & Probate

Status: In Good Standing Licensed: 18 Years

CONTACT

7n750 Illinois Route 59, Bartlett, IL 60103

Eleonora Holmes

Elder Law, Estate Planning, Wills & Probate, Guardianships & Conservatorships

Status: In Good Standing Licensed: 22 Years

CONTACT

1060 East Lake Street, Hanover Park, IL 60133

Linda Strohschein

Estate Planning, Estate, Elder Law, Wills & Probate

Status: In Good Standing Licensed: 29 Years

CONTACT

455 Dunham Road, Saint Charles, IL 60174

Todd Eric Wallace

Tax, Bankruptcy, Estate Planning, Transactions

Status: In Good Standing Licensed: 22 Years

CONTACT

Saint Charles, IL 60174

Bridget Greeley Wrobel

Estate Planning, Wrongful Termination, Child Support

Status: In Good Standing Licensed: 23 Years

CONTACT

455 Dunham Road, Saint Charles, IL 60174

Robert Allan Mcnees

Estate Planning, Civil Rights, Transactions, Business

Status: In Good Standing Licensed: 47 Years

CONTACT

195 Hiawatha Dr, Bloomingdale, IL 60188

Robert Mcnees

Estate Planning, Civil Rights, Transactions, Business

Status: In Good Standing Licensed: 47 Years

CONTACT

195 Hiawatha Dr, Bloomingdale, IL 60188

Rachel Joan Hess

Estate Planning, Criminal, Civil Rights, Transactions, Business

Status: In Good Standing Licensed: 30 Years

CONTACT

525 Tyler Rd, Saint Charles, IL 60174

800-923-0641

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LEGAL TERMS

MARITAL LIFE ESTATE TRUST

See AB trust.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

SAMPLE LEGAL CASES

In re Estate of Feinberg

This case involves a dispute among the surviving children and grandchildren of Max and Erla Feinberg regarding the validity of a trust provision. The circuit court of Cook County found the trust provision unenforceable on the basis that it is contrary to the public policy of the state ...

In re Estate of Feinberg

In re ESTATE OF Max FEINBERG, Deceased (Leila R. Taylor, as Independent Coexecutor of the Will of Max Feinberg, Deceased, Plaintiff-Appellant, v. Michael B. Feinberg, Individually and as Coexecutor of the Will of Max Feinberg, Deceased; Fifth Third Bank, as Trustee under ...

In re Estate of Ellis

Grace Ellis executed a will in 1964 naming Shriners Hospitals for Children (Shriners) as beneficiary of her estate if she died without direct descendants. In 1999, she executed a new will naming James G. Bauman as sole beneficiary. Bauman was the pastor of the church of which ...

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Bartlett Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Harbst

John Harbst

Rachael Price

Eleonora Holmes

Linda Strohschein

Todd Eric Wallace

Bridget Greeley Wrobel

Robert Allan Mcnees

Robert Mcnees

Rachel Joan Hess

TIPS

LEGAL TERMS

MARITAL LIFE ESTATE TRUST

POWER OF APPOINTMENT

SPENDTHRIFT TRUST

FAMILY ALLOWANCE

OFFICER

INHERIT

ENTITY

QTIP TRUST

SUCCESSOR TRUSTEE

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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