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Abraham Michelson
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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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Includes: Gift Taxation

John Stuart Worthen

International Tax, Estate Planning, Corporate, Business

Status: In Good Standing

CONTACT

300 E Roosevelt Rd, Wheaton, IL 60187

Robert Cole Lake

Commercial Real Estate, Real Estate, Estate Planning, Transactions

Status: In Good Standing Licensed: 37 Years

CONTACT

290 S County Farm Rd, Wheaton, IL 60187

Robert Lake

Commercial Real Estate, Real Estate, Estate Planning, Transactions

Status: In Good Standing Licensed: 37 Years

CONTACT

290 S County Farm Rd, Wheaton, IL 60187

John Piccione

Estate Planning, Family Law, Civil Rights, Personal Injury

Status: In Good Standing

CONTACT

122 S County Farm Rd, Wheaton, IL 60187

Lynn Rosecrants Conrad

Estate Planning, Estate, Business, Personal Injury

Status: In Good Standing

CONTACT

122 S County Farm Rd, Wheaton, IL 60187

Janella Barbrow

Estate Planning, Civil Rights, Transactions, Personal Injury

Status: In Good Standing Licensed: 43 Years

CONTACT

300 S County Farm Rd, Wheaton, IL 60187

Janella Lynn Barbrow

Estate Planning, Civil Rights, Transactions, Personal Injury

Status: In Good Standing Licensed: 43 Years

CONTACT

300 S County Farm Rd, Wheaton, IL 60187

Patrick Keeley

Eminent Domain, Litigation, Estate Planning, Civil Rights

Status: In Good Standing

CONTACT

122 S Country Farm Rd, Wheaton, IL 60187

Derek Matthew Johnson

Federal Appellate Practice, Estate Planning, Transactions, Corporate

Status: In Good Standing

CONTACT

1755 S Naperville Rd, Wheaton, IL 60189

Brett Dale

Litigation, Estate Planning, Estate, Business

Status: In Good Standing Licensed: 28 Years

CONTACT

1755 S Naperville Rd, Wheaton, IL 60189

800-923-0641

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LEGAL TERMS

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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.

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.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

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.

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 ...

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Wheaton Estate Planning Lawyer, Illinois, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Stuart Worthen

Robert Cole Lake

Robert Lake

John Piccione

Lynn Rosecrants Conrad

Janella Barbrow

Janella Lynn Barbrow

Patrick Keeley

Derek Matthew Johnson

Brett Dale

TIPS

LEGAL TERMS

HOLOGRAPHIC WILL

POWER OF APPOINTMENT

ADMINISTRATION (OF AN ESTATE)

SUMMARY PROBATE

IRREVOCABLE TRUST

AUGMENTED ESTATE

ABSTRACT OF TRUST

INTESTATE SUCCESSION

PER STIRPES

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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