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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
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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George Louis Schoenbeck

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Estate, Estate Planning, Business, Estate Administration

At our law firm, our clients' best interests are our most important priority.

Attorney George Schoenbeck represents clients in estate planning, estate administration, business succession planning, business general counsel matt... (more)

CONTACT

708-448-8141

9501 W. 144th Place, Suite 205, Orland Park, IL 60462

George J. Witous

Real Estate, Estate Planning, Estate, Family Law

Status: In Good Standing

CONTACT

10600 S. Cicero Avenue, Oak Lawn, IL 60453

Daniel William Witous

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing

CONTACT

10600 S. Cicero Avenue, Oak Lawn, IL 60453

Edward G. Schussler

Business Organization, Contract, Elder Law, Estate Planning

Status: In Good Standing

CONTACT

9631 W 153rd Street, Orland Park, IL 60462

Christine Burmila

Real Estate, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 40 Years

CONTACT

10735 S. Cicero Avenue, Oak Lawn, IL 60453

Paul Smolinski

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

CONTACT

6446 West 127Th Street, Palos Heights, IL 60463

David Arthur Fewkes

Traffic, Estate Planning, DUI-DWI, Personal Injury

Status: In Good Standing Licensed: 43 Years

CONTACT

7270 W College Dr, Palos Heights, IL 60463

Matthew Martin Welch

Land Use & Zoning, Estate Planning, Employee Rights, Transactions

Status: In Good Standing Licensed: 17 Years

CONTACT

11950 S Harlem Ave, Palos Heights, IL 60463

Paul A Smolinski

Condominiums, Estate Administration, Estate Planning, Elder Law

Status: In Good Standing Licensed: 38 Years

CONTACT

6446 West 127Th Street, Palos Heights, IL 60463

Arthur Joseph Data

Traffic, Estate Planning, DUI-DWI, Transactions

Status: In Good Standing

CONTACT

9959 S Roberts Rd, Palos Hills, IL 60465

800-923-0641

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LEGAL TERMS

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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.

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.

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.

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.

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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Worth Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

George Louis Schoenbeck

George J. Witous

Daniel William Witous

Edward G. Schussler

Christine Burmila

Paul Smolinski

David Arthur Fewkes

Matthew Martin Welch

Paul A Smolinski

Arthur Joseph Data

TIPS

LEGAL TERMS

RULE AGAINST PERPETUITIES

SPECIFIC BEQUEST

ESTATE PLANNING

ALTERNATE BENEFICIARY

TAKING AGAINST THE WILL

INTESTATE SUCCESSION

CONTINGENT BENEFICIARY

GROSS ESTATE

AB TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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