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Abraham Michelson
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The Michelson Law Office
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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Sean Gaffney Goodwin

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Business, Intellectual Property, Government, Estate

Sean helps entrepreneurs start a business, strategically register trademarks and patents, draft contracts, and review advertising for liability issues... (more)

CONTACT

312-588-6762

922 Davis Street, Evanston, IL 60201

Mollie A Whitehead

Elder Law, Estate Planning, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

4801 W. Peterson, Ste 412, Chicago, IL 60646

Melanie B. Hoffman

Estate Administration, Estate Planning, Guardianships & Conservatorships

Status: In Good Standing

CONTACT

One Northfield Plaza, Winnetka, IL 60093

Elizabeth Fink

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

Status: In Good Standing

CONTACT

4801 W. Peterson, Ste 412, Chicago, IL 60646

Manny Mark Lapidos

Real Estate, Estate Planning, Family Law

Status: In Good Standing

CONTACT

4709 West Golf, Skokie, IL 60076

Erica Crohn Minchella

Real Estate, Commercial Real Estate, Estate Planning, Transactions

Status: In Good Standing Licensed: 44 Years

CONTACT

7538 Saint Louis Ave, Skokie, IL 60076

Manish C Bhatia

Estate, Family Law, Elder Law, Business Organization, Divorce & Family Law

Status: In Good Standing Licensed: 20 Years

FREE CONSULTATION

CONTACT

1222 Chicago Ave, Evanston, IL 60202

Jeffrey Paul Story

Medicare & Medicaid, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing Licensed: 19 Years

CONTACT

828 Davis St., Evanston, IL 60201

Michael Poulos

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing

CONTACT

1724 Sherman Ave, Evanston, IL 60201

Lynn A. Cohen

Estate, Divorce & Family Law

Status: In Good Standing Licensed: 42 Years

FREE CONSULTATION

CONTACT

4711 West Golf Road, Skokie, IL 60076

800-923-0641

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LEGAL TERMS

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.

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.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

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.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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.

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.

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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Evanston Estate Lawyer, Illinois

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The Michelson Law Office

SPONSORED LAWYERS

Sean Gaffney Goodwin

Mollie A Whitehead

Melanie B. Hoffman

Elizabeth Fink

Manny Mark Lapidos

Erica Crohn Minchella

Manish C Bhatia

Jeffrey Paul Story

Michael Poulos

Lynn A. Cohen

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LEGAL TERMS

AUGMENTED ESTATE

ANCILLARY PROBATE

QDOT TRUST

DISINHERIT

ESTATE PLANNING

REAL ESTATE AGENT

GENERATION-SKIPPING TRANSFER TAX

MINERAL RIGHTS

IN TERROREM

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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