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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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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Fred Larbi Otchere

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Estate

I am Fred Otchere. I am licensed to practice law in the state of Illinois. I specialize in Estate Planning: Wills, Trusts, Power of Attorney... (more)

CONTACT

847-331-2273

2211 Cardinal Ct, Gurnee, IL 60031

Howard Augustus

Divorce & Family Law, Family Law, Mediation, Estate, Real Estate

Status: In Good Standing Licensed: 54 Years

CONTACT

1800 Nations Drive, Gurnee, IL 60031

Judy Karmel Maldonado

Landlord-Tenant, Traffic, Estate Planning, Transactions

Status: In Good Standing Licensed: 21 Years

CONTACT

1800 Nations Dr, Gurnee, IL 60031

Judy Maldonado

Landlord-Tenant, Estate Planning, Divorce & Family Law, Transactions

Status: In Good Standing Licensed: 21 Years

CONTACT

1800 Nations Dr, Gurnee, IL 60031

Barbara J. Swanson

Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 41 Years

CONTACT

4473 Old Grand Ave, Gurnee, IL 60031

Saul Mayer Ferris

Estate, Workers' Compensation, Personal Injury, Medical Malpractice

Status: In Good Standing

CONTACT

103 S Greenleaf St, Gurnee, IL 60031

Gary R. Thompson

Estate, Workers' Compensation, Personal Injury, Medical Malpractice

Status: In Good Standing

CONTACT

103 S. Greenleaf Street, Gurnee, IL 60031

Saul Ferris

Wills & Probate, Workers' Compensation, Personal Injury, Medical Malpractice

Status: In Good Standing

CONTACT

103 S. Greenleaf Street, Gurnee, IL 60031

Gary Thompson

Wills & Probate, Workers' Compensation, Personal Injury, Medical Malpractice

Status: In Good Standing

CONTACT

103 S. Greenleaf Street, Gurnee, IL 60031

Charles E. Rapin

Traffic, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 32 Years

CONTACT

115 Commerce Dr, Grayslake, IL 60030

800-923-0641

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LEGAL TERMS

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

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.

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.'

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

CERTIFICATION OF TRUST

See abstract of trust.

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.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

GRANTOR

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

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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Gurnee Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Fred Larbi Otchere

Howard Augustus

Judy Karmel Maldonado

Judy Maldonado

Barbara J. Swanson

Saul Mayer Ferris

Gary R. Thompson

Saul Ferris

Gary Thompson

Charles E. Rapin

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LEGAL TERMS

HEIR APPARENT

DISCHARGE (OF PROBATE ADMINISTRATOR)

ABSTRACT OF TRUST

ADEMPTION

CERTIFICATION OF TRUST

SPECIFIC BEQUEST

PROBATE

TRUST DEED

GRANTOR

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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