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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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Stephen Newland

✓ VERIFIED

Accident & Injury, Foreclosure, Estate, Estate Planning

Stephen S. Newland obtained his undergraduate degree in political science from the University of Illinois in Urbana-Champaign. Steve then went on to r... (more)

FREE CONSULTATION

CONTACT

800-943-5201

1512 Artaius Parkway, Suite 300, Libertyville, IL 60048

Clayton Paul Voegtle

Real Estate, Estate, Consumer Protection, Class Action

CONTACT

847-918-9840

14047 W Petronella Dr, Libertyville, IL 60048

Cosmo Tedone

Criminal, Divorce & Family Law, Real Estate, Estate Planning, DUI-DWI

Joliet Criminal Defense Lawyer

Cosmo J. Tedone was born on December 13, 1966 in Manchester, Connecticut. Prior to forming the law firm, Tedone & Morton, P.C., he was the senior asso... (more)

FREE CONSULTATION

CONTACT

815-666-1285

58 N. Chicago Street, Joliet, IL 60432

Michael A. Goldberg

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Estate, Estate Planning, Trusts, Wills & Probate, Estate Administration

I am a lifelong Chicagoland resident with a passion for helping families plan their estates so their loved ones are cared for upon their passing. I ut... (more)

FREE CONSULTATION

CONTACT

847-549-0600

350 N. Milwaukee Avenue, Libertyville, IL 60048

Monica P Patankar

Real Estate, Tax, Divorce & Family Law, Estate Planning, Personal Injury

Aurora, IL Estate Planning & Business Law Attorney

Monica P. Patankar is a partner with the law firm of Patankar Law P.C. Monica takes a compassionate approach to helping clients solve their legal issu... (more)

CONTACT

630-820-8877

1700 North Farnsworth Ave., Aurora, IL 60505

Deanna Lynne Aguinaga Walker

Estate, Estate Planning, Residential Real Estate, Bankruptcy & Debt, Wills & Probate

Geneva Estate Planning Lawyer

Deanna L. Aguinaga Walker is a well-versed attorney who concentrates her practice in the areas of estate planning, bankruptcy, residential real estate... (more)

FREE CONSULTATION

CONTACT

331-222-7978

28 N. 1st St., Suite 101, Geneva, IL 60134

Marissa Rivera Hanson

Divorce & Family Law, Estate Planning, Real Estate, Criminal, Personal Injury

Marissa’s main areas of concentration are family law matters such as Divorce, Child Custody, Child Support, Paternity, Visitation and Adoption. Mari... (more)

FREE CONSULTATION

CONTACT

630-844-8781

431 Williamsburg Avenue, Geneva, IL 60134

James P. Leahy

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Workers' Compensation, Personal Injury, Estate

Straightforward Effective Representation Since 1976Law Office of James P. Leahy1275 Davis RoadElgin, Illinois 60123Telephone: (847) 695-9806Fax: (847)... (more)

CONTACT

847-695-9806

1275 Davis Rd, Elgin, IL 60123

Richard C. Slocum

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Estate

Richard C. Slocum is a practicing lawyer in the state of Illinois handling estate matters.

CONTACT

630-897-8764

1999 W Downer Place, Aurora, IL 60506

Fred Larbi Otchere

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Estate

I am Fred Otchere. I am licensed to practice law in the state of Illinois. I specialize in Estate Planning: Wills, Trusts, Power of Attorney... (more)

CONTACT

847-331-2273

2211 Cardinal Ct, Gurnee, IL 60031

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.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

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.

FAMILY POT TRUST

See pot trust.

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

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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Chicago Estate Lawyer, Illinois, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Stephen Newland

Clayton Paul Voegtle

Cosmo Tedone

Michael A. Goldberg

Monica P Patankar

Deanna Lynne Aguinaga Walker

Marissa Rivera Hanson

James P. Leahy

Richard C. Slocum

Fred Larbi Otchere

TIPS

LEGAL TERMS

REAL ESTATE AGENT

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

POWER OF APPOINTMENT

FAMILY POT TRUST

ADEMPTION

RESIDUARY BENEFICIARY

PUBLIC ADMINISTRATOR

BENEFICIARY

SURVIVING SPOUSE'S TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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