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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
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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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Bonnie Spaccarelli Hannon

Landlord-Tenant, Land Use & Zoning, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

202 South Cook St., Barrington, IL 60010

Mathew Roy Patrick Perrone

Real Estate, Patent, Copyright, Estate Planning

Status: In Good Standing

FREE CONSULTATION

CONTACT

210 South Main Street, Algonquin, IL 60102

Perry Callas

Wills & Probate, Estate Planning, Merger & Acquisition, Corporate

Status: In Good Standing

CONTACT

5412 Route 31, Crystal Lake, IL 60012

Karen Lavin

Estate Planning, Family Law, Divorce, Divorce & Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

850 South McHenry Ave, Ste B, Crystal Lake, IL 60014

Melissa J. Wagner

Trusts, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 16 Years

CONTACT

960 Route 22, Fox River Grove, IL 60021

Jeffrey Schulze

Estate, Divorce, Criminal, Business

Status: In Good Standing

CONTACT

1142 N Main St, Barrington, IL 60102

Jeffrey Edward Schulze

Estate, Divorce, Criminal, Business

Status: In Good Standing

CONTACT

1142 N Main St, Barrington, IL 60102

Michael John Torchalski

Estate Planning, Transactions, Business, Estate

Status: In Good Standing Licensed: 44 Years

CONTACT

820 E Terra Cotta Ave, Crystal Lake, IL 60014

Michael Torchalski

Business & Trade, Estate Planning, Transactions, Wills & Probate

Status: In Good Standing Licensed: 44 Years

CONTACT

820 E Terra Cotta Ave, Crystal Lake, IL 60014

Jeanne M. Miller

Real Estate, Estate Planning, Business

Status: In Good Standing Licensed: 27 Years

CONTACT

4001 Roberts Road, Island Lake, IL 60042

800-923-0641

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LEGAL TERMS

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

FAMILY POT TRUST

See pot trust.

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.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

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.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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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Cary Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bonnie Spaccarelli Hannon

Mathew Roy Patrick Perrone

Perry Callas

Karen Lavin

Melissa J. Wagner

Jeffrey Schulze

Jeffrey Edward Schulze

Michael John Torchalski

Michael Torchalski

Jeanne M. Miller

TIPS

LEGAL TERMS

REAL ESTATE AGENT

WARRANTY DEED

FAMILY POT TRUST

PROPERTY CONTROL TRUST

TRUSTEE POWERS

SPENDTHRIFT TRUST

DOWER AND CURTESY

ANCILLARY PROBATE

AUGMENTED ESTATE

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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