Barrington Estate Planning Lawyer, Illinois

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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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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.
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Includes: Gift Taxation

Robert F. Krug

Litigation, Estate Planning, Transactions

Status: Licensed: 52 Years

CONTACT

330 West Main Street, Barrington, IL 60010

Jay Miller

Estate Planning, Divorce & Family Law, Civil Rights, Collection

Status: Licensed: 58 Years

CONTACT

300 Lageschulte St, Barrington, IL 60010

James Donald Potter

Divorce, Estate Planning, Transactions, Family Law

Status: Licensed: 54 Years

CONTACT

200 Applebee Street, Barrington, IL 60010

Edward Walter Boehm

Divorce, Estate Planning, Family Law, Estate, Commercial Real Estate

Status: Licensed: 61 Years

CONTACT

201 W. Main Street, Barrington, IL 60010

Gary James Cunningham

Real Estate, Accident & Injury, Adoption, Estate Planning

Status: Licensed: 52 Years

CONTACT

201 West Main Street, Barrington, IL 60010

Timothy Paul Peterson

General Practice

Status: Licensed: 61 Years

CONTACT

201 W. Main Street, Barrington, IL 60010

Tom Gregory

Estate Planning, Criminal, Civil Rights, Business & Trade, Business

Status: Licensed: 27 Years

CONTACT

523 Old Northwest Hwy, Barrington, IL 60010

Natalie Kuehn

Estate Planning

Status: Licensed: 24 Years

CONTACT

102 N Cook St, Barrington, IL 60010

William Kuehn

International Tax, Estate Planning, Transactions, Business

Status: Licensed: 30 Years

CONTACT

102 N Cook St, Barrington, IL 60010

Robert Kuehn

International Tax, Estate Planning, Transactions, Business

Status: Licensed: 56 Years

CONTACT

102 N Cook St, Barrington, IL 60010

800-814-6700

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LEGAL TERMS

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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.

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.

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.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

SURROGATE COURT

See probate court.

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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Barrington Estate Planning Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Robert F. Krug

Jay Miller

James Donald Potter

Edward Walter Boehm

Gary James Cunningham

Timothy Paul Peterson

Tom Gregory

Natalie Kuehn

William Kuehn

Robert Kuehn

TIPS

LEGAL TERMS

IN TERROREM

SPENDTHRIFT TRUST

ACCUMULATION TRUST

ALTERNATE BENEFICIARY

ADMINISTRATION (OF AN ESTATE)

PRETERMITTED HEIR

INVESTOR

DISCHARGE (OF PROBATE ADMINISTRATOR)

SURROGATE COURT

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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