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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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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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La Vetta Dianne Wallace Williams

Business & Trade, Litigation, Employee Rights, Estate Planning

Status: In Good Standing Licensed: 34 Years

CONTACT

21470 Main St, Matteson, IL 60443

Summer Mcelroy

Estate Planning, Divorce & Family Law, Transactions, Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

4747 Lincoln Mall Drive, Matteson, IL 60443

Lex A. Johnson

State Appellate Practice, Wills & Probate, Juvenile Law, DUI-DWI

Status: In Good Standing

CONTACT

4749 Lincoln Mall Dr., Matteson, IL 60443

Paul Braun

Estate Planning, Family Law, Divorce, Business

Status: In Good Standing Licensed: 44 Years

CONTACT

19630 Governors Hwy, Flossmoor, IL 60422

Paul Steven Braun

Estate Planning, Family Law, Divorce, Business

Status: In Good Standing Licensed: 44 Years

CONTACT

19630 Governors Hwy, Flossmoor, IL 60422

Jack G. Bainbridge

Real Estate, Estate Planning, Transactions, Business

Status: In Good Standing Licensed: 47 Years

CONTACT

2630 Flossmoor Rd, Flossmoor, IL 60422

Jack Bainbridge

Commercial Real Estate, Estate Planning, Transactions, Business

Status: In Good Standing Licensed: 47 Years

CONTACT

2630 Flossmoor Rd, Flossmoor, IL 60422

John Eugene Betz

International Tax, Estate Planning

Status: In Good Standing Licensed: 30 Years

CONTACT

20940 S. Square Road, Frankfort, IL 60423

John Betz

International Tax, Estate Planning

Status: In Good Standing Licensed: 30 Years

CONTACT

20940 S. Square Road, Frankfort, IL 60423

Abiola Toni Ashorobi

Entertainment, Estate Planning, Civil Rights, Personal Injury

Status: In Good Standing Licensed: 19 Years

CONTACT

4749 Lincoln Mall Drive, Matteson, IL 60443

800-923-0641

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LEGAL TERMS

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.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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.

WARRANTY DEED

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

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

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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Richton Park Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

La Vetta Dianne Wallace Williams

Summer Mcelroy

Lex A. Johnson

Paul Braun

Paul Steven Braun

Jack G. Bainbridge

Jack Bainbridge

John Eugene Betz

John Betz

Abiola Toni Ashorobi

TIPS

LEGAL TERMS

SUMMARY PROBATE

AB TRUST

ADMINISTRATION (OF AN ESTATE)

SPECIAL ADMINISTRATOR

INTESTATE

INHERIT

WILL

WARRANTY DEED

PERSONAL PROPERTY

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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