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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

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
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Leon J. Teichner

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Estate, Wills & Probate, Trusts, Real Estate

Leon J. Teichner and Associates is a law office in Chicago, IL. Attorney Teichner has been practicing law for 45 years. He obtained his bachelor’s d... (more)

FREE CONSULTATION

CONTACT

312-541-2822

161 North Clark Street, Chicago, IL 60601

Mary Liberty

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Estate

Mary Liberty is the owner of Illinois Estate Plan, a trusted firm providing estate planning and probate services across Illinois. Mary has a reputatio... (more)

FREE CONSULTATION

CONTACT

312-373-0731

1200 N Ashland Ave,, Chicago, IL 60622

Zachary Hunsinger

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Business, Divorce & Family Law, Estate, Wills & Probate, Power of Attorney

I received my Juris Doctor and Master of Social Work degrees from Loyola University Chicago with a certificate in child law and a concentration in non... (more)

FREE CONSULTATION

CONTACT

224-328-3529

205 N. Michigan Ave., Chicago, IL 60602

Puneet Cham

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Estate, Business

Mr. Cham is a Partner at Latimer LeVay Fyock LLC. He concentrates his practice in the areas of tax planning, trust and estate administration, probate,... (more)

CONTACT

800-958-7501

55 W Monroe St, Chicago, IL 60603

Ira Silverstein

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Estate, Elder Law, Power of Attorney, Divorce & Family Law, Accident & Injury

Senator Ira I. Silverstein was first elected to the Illinois Senate in 1998. Throughout his tenure representing the 8th Senate District, he has been a... (more)

FREE CONSULTATION

CONTACT

312-726-3116

111 West Washington Street, Chicago, IL 60602

David Hernandez

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Bankruptcy & Debt, Estate, Real Estate, Workers' Compensation

Meet David Hernandez, a dedicated and experienced bankruptcy lawyer based in the bustling city of Chicago, IL. With a passion for helping individuals ... (more)

CONTACT

773-466-2000

3478 South Archer Ave, Chicago, IL 60608

Thomas Phillip Boggess

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Estate, Contract, Wills & Probate, Business Organization

T. Phillip Boggess is the principle in his law firm, the Law Office of T. Phillip Boggess. The focus of the law firm and of his practice is to help c... (more)

FREE CONSULTATION

CONTACT

630-429-9650

106 West Calendar Court, La Grange, IL 60525

Vincent C. Machroli

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Divorce & Family Law, Paternity, Estate Planning, Criminal

OVER 30 YEARS OF EXPERIENCE IN FAMILY LAW, ESTATE PLANNING, AND REAL ESTATE LAW At the Law Office of Vincent C. Machroli, P.C., we are a general pr... (more)

FREE CONSULTATION

CONTACT

708-449-7404

4415 Harrison St, Hillside, IL 60162

Patrick O'Neil Quinn

Accident & Injury, Estate Planning, Medical Malpractice, Premises Liability, Car Accident

From the offices of Quinn Law Group in Park Ridge, Illinois, Attorney Patrick Quinn provides compassionate, dedicated representation for clients seeki... (more)

FREE CONSULTATION

CONTACT

847-232-7180

350 S. Northwest Highway, Park Ridge, IL 60068

Dennis Arnold Delman

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Trusts, Wills & Probate, Power of Attorney, Estate Planning

Dennis A. Delman is a highly accomplished attorney and a key figure at Delman & Cohen, a reputable law firm situated in Skokie, Illinois. With a stron... (more)

CONTACT

847-674-3000

4711 Golf Rd., Skokie, IL 60076

800-814-6700

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LEGAL TERMS

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.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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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Chicago Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Leon J. Teichner

Mary Liberty

Zachary Hunsinger

Puneet Cham

Ira Silverstein

David Hernandez

Thomas Phillip Boggess

Vincent C. Machroli

Patrick O'Neil Quinn

Dennis Arnold Delman

TIPS

LEGAL TERMS

ALTERNATE BENEFICIARY

QDOT TRUST

SUCCESSION

RESIDUARY BENEFICIARY

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

PROBATE COURT

PER STIRPES

BEQUEATH

GENERATION-SKIPPING TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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