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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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Patrick O'Neil Quinn

Accident & Injury, Estate Planning, Medical Malpractice, Premises Liability, Car Accident

From the offices of Quinn Law Group in Park Ridge, Illinois, Attorney Patrick Quinn provides compassionate, dedicated representation for clients seeki... (more)

FREE CONSULTATION

CONTACT

847-232-7180

350 S. Northwest Highway, Park Ridge, IL 60068

Mollie A Whitehead

Elder Law, Estate Planning, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

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

Elizabeth Fink

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

Status: In Good Standing

CONTACT

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

Monica J. Gurgiolo

Corporate, Estate Planning, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

5600 N River Rd, Des Plaines, IL 60018

Gina Lavorate O'Hehir

Estate, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

6723 N Northwest Hwy, Chicago, IL 60631

Claudia Valeria Bertacchi

General Practice

Status: In Good Standing Licensed: 10 Years

CONTACT

3310 N. Harlem Avenue, Chicago, IL 60634

Allison Gail Forker

Estate Planning, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 21 Years

CONTACT

3800 N Central Ave, Chicago, IL 60634

Robert Francis Blyth

Elder Law, Estate Planning, Transactions, Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

3808 N Central Ave, Chicago, IL 60634

Robert Blyth

Elder Law, Estate Planning, Transactions, Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

3808 N Central Ave, Chicago, IL 60634

Thomas J. Polinski

Guardianships & Conservatorships, Real Estate, Wills & Probate, Commercial Real Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

5844 W Irving Park Rd, Chicago, IL 60634

800-923-0641

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LEGAL TERMS

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

MARITAL LIFE ESTATE TRUST

See AB trust.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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.

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.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation 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.

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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Park Ridge Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Patrick O'Neil Quinn

Mollie A Whitehead

Elizabeth Fink

Monica J. Gurgiolo

Gina Lavorate O'Hehir

Claudia Valeria Bertacchi

Allison Gail Forker

Robert Francis Blyth

Robert Blyth

Thomas J. Polinski

TIPS

LEGAL TERMS

TRUST DEED

MARITAL LIFE ESTATE TRUST

TRUSTEE

DISTRIBUTEE

RULE AGAINST PERPETUITIES

SPENDTHRIFT TRUST

INVENTORY

ACCUMULATION TRUST

INHERITANCE TAXES

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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