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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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George J. Witous

Real Estate, Estate Planning, Estate, Family Law

Status: In Good Standing

CONTACT

10600 S. Cicero Avenue, Oak Lawn, IL 60453

Daniel William Witous

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing

CONTACT

10600 S. Cicero Avenue, Oak Lawn, IL 60453

Christine Burmila

Real Estate, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 40 Years

CONTACT

10735 S. Cicero Avenue, Oak Lawn, IL 60453

Joseph Cardinal

Commercial Real Estate, Estate, Family Law, Bankruptcy & Debt

Status: In Good Standing

CONTACT

3838 West 111Th Street, Chicago, IL 60655

Joseph John Cardinal

Commercial Real Estate, Estate, Family Law, Bankruptcy & Debt

Status: In Good Standing

CONTACT

3838 West 111Th Street, Chicago, IL 60655

Patrick Joseph Urbut

Traffic, Wills & Probate, Trusts, Adoption

Status: In Good Standing Licensed: 52 Years

CONTACT

11201 South Artesian Avenue, Chicago, IL 60655

William C. Vonder Heide

Real Estate, Trusts, Estate

Status: In Good Standing Licensed: 72 Years

CONTACT

2621 W 103Rd Pl, Chicago, IL 60655

Thomas J. Olofsson

Medicare & Medicaid, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 32 Years

CONTACT

10201 S Western Ave, Chicago, IL 60643

Michael Anthony Buck

Traffic, Estate Planning, Workers' Compensation, Personal Injury

Status: In Good Standing Licensed: 49 Years

CONTACT

15601 Cicero Ave, Oak Forest, IL 60452

Mary Niego-mcnamara

Litigation, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 37 Years

CONTACT

10653 S Kostner Ave, Oak Lawn, IL 60453

800-923-0641

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LEGAL TERMS

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

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.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

SUCCESSOR TRUSTEE

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

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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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Blue Island Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George J. Witous

Daniel William Witous

Christine Burmila

Joseph Cardinal

Joseph John Cardinal

Patrick Joseph Urbut

William C. Vonder Heide

Thomas J. Olofsson

Michael Anthony Buck

Mary Niego-mcnamara

TIPS

LEGAL TERMS

GROSS ESTATE

ADEMPTION

MINERAL RIGHTS

PROPERTY CONTROL TRUST

PROBATE

DISINHERIT

SURVIVING SPOUSE'S TRUST

SUCCESSOR TRUSTEE

PUBLIC ADMINISTRATOR

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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