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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

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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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Megan Laura Kerr

Divorce & Family Law, Accident & Injury, Estate, Employment, Business

Status:

CONTACT

4180 Rfd Route 83, Lake Zurich, IL 60047

Larry Robert Rivkin

Prosecution, Estate Planning, Estate, Elder Law

Status: Licensed: 31 Years

CONTACT

475 Half Day Rd, Lincolnshire, IL 60069

Jennifer Axelsen

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: Licensed: 32 Years

CONTACT

475 Half Day Rd, Lincolnshire, IL 60069

Michele Marie Rivkin

Estate Planning, Estate

Status: Licensed: 31 Years

CONTACT

475 Half Day Rd, Lincolnshire, IL 60069

Michael Rhoades

Litigation, Wills & Probate

Status: Licensed: 30 Years

CONTACT

750 West Lake Cook Road, Buffalo Grove, IL 60089

Brian Rubin

Wills & Probate, Estate Planning, Estate, Divorce & Family Law

Status: Licensed: 50 Years

CONTACT

1110 W Lake Cook Road, Buffalo Grove, IL 60089

Judith Smith

Wills & Probate, Estate Planning, Estate

Status: Licensed: 40 Years

CONTACT

1110 W Lake Cook Rd, Buffalo Grove, IL 60089

Bradley Schencker

Estate Planning, Divorce & Family Law, Transactions, Business & Trade

Status: Licensed: 19 Years

CONTACT

400 West Dundee Road, Buffalo Grove, IL 60089

Jeffrey Kulinsky

Estate Planning, Divorce, Criminal, Business

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CONTACT

395 E Dundee Rd, Northbrook, IL 60062

Denise Grijnsztein

Estate Planning

Status: Licensed: 38 Years

CONTACT

440 Milwaukee Ave, Lincolnshire, IL 60069

800-814-6700

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LEGAL TERMS

KINDRED

Under some state's probate codes, all relatives of a deceased person.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

CERTIFICATION OF TRUST

See abstract of 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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Buffalo Grove Estate Lawyer, Illinois, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Megan Laura Kerr

Larry Robert Rivkin

Jennifer Axelsen

Michele Marie Rivkin

Michael Rhoades

Brian Rubin

Judith Smith

Bradley Schencker

Jeffrey Kulinsky

Denise Grijnsztein

TIPS

LEGAL TERMS

KINDRED

RESIDUARY ESTATE

SPECIFIC BEQUEST

DISINHERIT

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

POUR-OVER WILL

PROPERTY CONTROL TRUST

GRANTOR

CERTIFICATION OF TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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