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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
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Justin Michael Raver

Estate Planning, Criminal, Civil Rights, Securities Fraud

Status: In Good Standing Licensed: 17 Years

CONTACT

211 W Second St, Kewanee, IL 61443

John Blachinsky

Real Estate, Municipal, Estate Planning, Corporate

Status: In Good Standing Licensed: 48 Years

CONTACT

211 W Second St, Kewanee, IL 61443

Reynolds M. Everett

Real Estate, Estate, Transactions, Business, Agriculture

Status: In Good Standing Licensed: 53 Years

CONTACT

Yocum Bank Bldg., Galva, IL 61434

Reynolds Everett

Estate Planning, Insurance, Transactions, Business & Trade

Status: In Good Standing Licensed: 53 Years

CONTACT

Yocum Bank Bldg., Galva, IL 61434

Anne Elizabeth Fulton

Commercial Real Estate, Real Estate, Estate, Transactions

Status: In Good Standing Licensed: 42 Years

CONTACT

817 Sunset Dr, Kewanee, IL 61443

Scott Clemens

Criminal, Estate Planning, Traffic

Status: In Good Standing Licensed: 51 Years

CONTACT

108 W 1St St, Kewanee, IL 61443

Scott Eugene Clemens

Traffic, Estate Planning, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

108 W 1St St, Kewanee, IL 61443

Robert Rennick

Federal Appellate Practice, Government, Estate Planning, Accident & Injury

Status: In Good Standing Licensed: 57 Years

CONTACT

117-119 W Court St, Toulon, IL 61483

Robert Hamilton Rennick

Federal Appellate Practice, Government, Estate Planning, Accident & Injury

Status: In Good Standing Licensed: 57 Years

CONTACT

117-119 W Court St, Toulon, IL 61483

Robert Rennick

Federal Appellate Practice, Government, Estate Planning, Accident & Injury

Status: In Good Standing Licensed: 57 Years

CONTACT

117-119 W Court St, Toulon, IL 61483

800-923-0641

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LEGAL TERMS

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

FUNDING A TRUST

Transferring ownership of property to a trust.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

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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Kewanee Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Justin Michael Raver

John Blachinsky

Reynolds M. Everett

Reynolds Everett

Anne Elizabeth Fulton

Scott Clemens

Scott Eugene Clemens

Robert Rennick

Robert Hamilton Rennick

Robert Rennick

TIPS

LEGAL TERMS

PER CAPITA

IRREVOCABLE TRUST

PROPERTY CONTROL TRUST

SUMMARY PROBATE

FUNDING A TRUST

INHERITANCE TAXES

WILL

INTER VIVOS TRUST

RULE AGAINST PERPETUITIES

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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