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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
  Our legal team can advise you on your options for negotiating a solution.
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Richard Robert Rodriguez

Municipal, Estate Planning, Criminal, Civil Rights

Status: In Good Standing Licensed: 27 Years

CONTACT

5404 W Elm St, Crystal Lake, IL 60050

Harry Semrow

International Tax, DUI-DWI, Traffic, Estate Planning

Status: In Good Standing Licensed: 44 Years

CONTACT

Mchenry, IL 60051

Ashley Marie Wilson

Estate Planning, Divorce & Family Law, Criminal, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

2315 N Club Rd, Mchenry, IL 60051

Guy Youman

Corporate, Collection, Elder Law, Adoption, Trusts

Status: In Good Standing

CONTACT

4306F W. Crystal Lake Rd., Mchenry, IL 60050

David Connerton Lesueur

Landlord-Tenant, Estate Planning, Estate, Business

Status: In Good Standing Licensed: 45 Years

CONTACT

3431 W. Elm Street, McHenry, IL 60050

David Lesueur

Estate Planning, Estate, Employment, Business

Status: In Good Standing Licensed: 45 Years

CONTACT

3431 W. Elm Street, McHenry, IL 60050

Alan Edward Basford

Commercial Real Estate, Traffic, Estate, Transactions

Status: In Good Standing Licensed: 43 Years

CONTACT

5400 W Elm St, Mchenry, IL 60050

Michael J. Domanico

Traffic, Estate, Insurance, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

., Spring Grove, IL 60081

Jane Agnes Abramson

Real Estate, Estate Planning, Transactions

Status: In Good Standing Licensed: 27 Years

CONTACT

Spring Grove, IL 60081

Jane Abramson

Real Estate, Estate Planning, Transactions

Status: In Good Standing Licensed: 27 Years

CONTACT

Spring Grove, IL 60081

800-923-0641

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LEGAL TERMS

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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.

DEED OF TRUST

See trust deed.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

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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Ringwood Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Richard Robert Rodriguez

Harry Semrow

Ashley Marie Wilson

Guy Youman

David Connerton Lesueur

David Lesueur

Alan Edward Basford

Michael J. Domanico

Jane Agnes Abramson

Jane Abramson

TIPS

LEGAL TERMS

PROBATE COURT

QDOT TRUST

DEED OF TRUST

SPRINKLING TRUST

PERSONAL PROPERTY

FINAL BENEFICIARY

GROSS ESTATE

ABATEMENT

SWEARING MATCH

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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