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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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Martin C. Kelley

Wills & Probate, Workers' Compensation, Personal Injury, Medical Malpractice

Status: In Good Standing

CONTACT

Heritage Bank Building, 1535 West Schaumburg Road, Schaumburg, IL 60194

John Pankau

Wills & Probate, Estate Planning, Elder Law, Transactions

Status: In Good Standing Licensed: 40 Years

FREE CONSULTATION

CONTACT

105 East Irving Park Road, Itasca, IL 60143

David W Gullion

Commercial Real Estate, Municipal, Estate Planning

Status: In Good Standing Licensed: 15 Years

CONTACT

111 E Irving Park Rd, Roselle, IL 60172

Edward Mraz

Land Use & Zoning, Municipal, Estate Planning, Corporate

Status: In Good Standing Licensed: 68 Years

CONTACT

111 E Irving Park Rd, Roselle, IL 60172

Edward Smith Mraz

Land Use & Zoning, Municipal, Estate Planning, Corporate

Status: In Good Standing Licensed: 68 Years

CONTACT

111 E Irving Park Rd, Roselle, IL 60172

Timothy John Klein

Federal Appellate Practice, Trusts, Corporate, Contract

Status: In Good Standing Licensed: 43 Years

CONTACT

290 Springfield Dr, Bloomingdale, IL 60108

Michael Joseph Morrisroe

Litigation, Lawsuit & Dispute, Estate Planning, Merger & Acquisition, Business

Status: In Good Standing Licensed: 38 Years

CONTACT

143 N Bloomingdale Rd, Bloomingdale, IL 60108

Michael Morrisroe

Litigation, Estate Planning, Merger & Acquisition, Business

Status: In Good Standing Licensed: 39 Years

CONTACT

143 N Bloomingdale Rd, Bloomingdale, IL 60108

John Robert Madden

Traffic, Lawsuit & Dispute, Immigration, Estate, DUI-DWI

Status: In Good Standing Licensed: 13 Years

CONTACT

114 South Bloomingdale Road, Bloomingdale, IL 60108

Eleonora Holmes

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

Status: In Good Standing Licensed: 22 Years

CONTACT

1060 East Lake Street, Hanover Park, IL 60133

800-923-0641

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LEGAL TERMS

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

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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Roselle Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Martin C. Kelley

John Pankau

David W Gullion

Edward Mraz

Edward Smith Mraz

Timothy John Klein

Michael Joseph Morrisroe

Michael Morrisroe

John Robert Madden

Eleonora Holmes

TIPS

LEGAL TERMS

HEIR APPARENT

STATUTORY SHARE

FAILURE OF ISSUE

ACCUMULATION TRUST

LIFE BENEFICIARY

SUCCESSION

CONTINGENT BENEFICIARY

POWER OF APPOINTMENT

INVESTOR

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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