Wheaton Estate Planning Lawyer, Illinois, page 3

Sponsored Law Firm

x
Click For More Info:

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.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
1. Contact
2. E-mail
3. Refer
5. Visit:
6. Website
7. Profile

Includes: Gift Taxation

Brett M. Dale

Wills & Probate, Trusts, Estate Planning, Business Organization

Status: In Good Standing Licensed: 28 Years

CONTACT

1755 S Naperville Rd, Wheaton, IL 60189

Jay B. Strayer

Wills & Probate, Estate Planning, Corporate, Business Organization

Status: In Good Standing Licensed: 55 Years

CONTACT

1755 S Naperville Rd, Wheaton, IL 60189

William Deitch

Real Estate, Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

600 W Roosevelt Rd, Wheaton, IL 60187

William Alan Deitch

Real Estate, Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

600 W Roosevelt Rd, Wheaton, IL 60187

Timothy S. Midura

Wills & Probate, Estate Planning, Corporate, Business Organization

Status: In Good Standing Licensed: 45 Years

CONTACT

1755 S Naperville Rd, Wheaton, IL 60189

Dennis Lindell

Land Use & Zoning, Foreclosure, Estate Planning, Divorce

Status: In Good Standing

FREE CONSULTATION

CONTACT

1755 Park Street, Naperville, IL 60563

William A. Deitch

Real Estate, Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

600 W Roosevelt Rd, Wheaton, IL 60187

Susan S. Adkins

Real Estate, Wills & Probate, Estate Planning, Estate

Status: In Good Standing Licensed: 33 Years

CONTACT

1755 S Naperville Rd, Wheaton, IL 60189

John Worthen

Tax, International Tax, Estate Planning, Business & Trade

Status: In Good Standing

CONTACT

300 E Roosevelt Rd, Wheaton, IL 60187

R. Terence Kalina

Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

300 E. Roosevelt Road, Wheaton, IL 60187

800-923-0641

Free Help: Use This Form or Call 800-943-8690

Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

LEGAL TERMS

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living 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 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). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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.

SAMPLE LEGAL CASES

Dunn v. Patterson

... for them. The circuit court of Will County entered judgment on the pleadings, finding, as a matter of law, that provisions in certain estate planning documents prepared by defendant were contrary to public policy and void. The ...

Fitch v. McDermott, Will and Emery, LLP

... Around the same time, defendants Joseph Dietrich and John Dietrich (hereafter the Dietrichs), both certified public accountants, provided financial and accounting services for estate planning purposes to Victoria and her husband, plaintiff Thomas Fitch. ...

In re Estate of Henry

... Accordingly, the estate petitioned the court to allow the estate to execute estate planning documents for Henry which, it contended, were consistent with his known wishes and which would be "free from the taint of the undue influence and fraud which was assembled upon the ...

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

Wheaton Estate Planning Lawyer, Illinois, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brett M. Dale

Jay B. Strayer

William Deitch

William Alan Deitch

Timothy S. Midura

Dennis Lindell

William A. Deitch

Susan S. Adkins

John Worthen

R. Terence Kalina

TIPS

LEGAL TERMS

DEATH TAXES

ENTITY

ESTATE PLANNING

MARITAL LIFE ESTATE TRUST

RULE AGAINST PERPETUITIES

SELF-PROVING WILL

ESTATE TAXES

PER STIRPES

STATUTORY SHARE

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

SORT BY:

FILTER BY:

PRACTICE AREAS 30

NEARBY CITY SUGGESTIONS

Lawyer.com Legal Protection Plan

Premium Membership

Additional Services

Resources

My Account Details