Lake Forest Wills & Probate Lawyer, Illinois

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Abraham Michelson
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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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Includes: Estate Administration, Living Wills, Wills

Michael A. Goldberg

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Estate, Estate Planning, Trusts, Wills & Probate, Estate Administration

I am a lifelong Chicagoland resident with a passion for helping families plan their estates so their loved ones are cared for upon their passing. I ut... (more)

FREE CONSULTATION

CONTACT

847-549-0600

350 N. Milwaukee Avenue, Libertyville, IL 60048

Daniel Edward Levy

Wills & Probate, Estate Planning, Transactions, Business & Trade

Status: In Good Standing Licensed: 39 Years

CONTACT

100 South Saunders Road, Lake Forest, IL 60045

Stephen Speranza

Business & Trade, Litigation, Estate Planning, Wills & Probate

Status: In Good Standing Licensed: 38 Years

CONTACT

1401 N Western Ave, Lake Forest, IL 60045

Kimberly Smoron Wisneski

Federal Appellate Practice, Wills & Probate, Estate Planning, Transactions

Status: In Good Standing Licensed: 27 Years

CONTACT

900 N Shore Dr, Lake Bluff, IL 60044

Edward Kenneth Suskin

Real Estate, Wills & Probate, Trusts, Transactions

Status: In Good Standing Licensed: 55 Years

CONTACT

1580 South Milwaukee Avenue, Libertyville, IL 60048

Lisa Trevor

Wills & Probate, Estate Planning, Elder Law, Transactions

Status: In Good Standing Licensed: 39 Years

CONTACT

2222 Chestnut Ave, Glenview, IL 60026

Alan Garland

Estate Planning, Wills & Probate

Status: In Good Standing Licensed: 63 Years

CONTACT

1540 Chapel Court, Deerfield, IL 60015

Sameer Chhabria

Government, Wills, Estate Planning, Estate

Status: In Good Standing Licensed: 25 Years

CONTACT

300 Saunders Rd, Deerfield, IL 60015

Sameer Chhabria

Government, Wills, Estate Planning, Estate

Status: In Good Standing Licensed: 25 Years

CONTACT

300 Saunders Rd, Deerfield, IL 60015

Dean Hedeker

Tax, International Other, Wills & Probate, Estate Planning

Status: In Good Standing

CONTACT

1 Overlook Pt., Lincolnshire, IL 60069

800-923-0641

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

GRANTOR

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

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

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.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

NET ESTATE

The value of all property owned at death less liabilities or debts.

SAMPLE LEGAL CASES

In re Estate of Ellis

... Bauman was the pastor of the church of which Ellis was a member. When Ellis died in 2003, the 1999 will was admitted to probate. ... The circuit court of Cook County dismissed all counts as untimely pursuant to section 8-1 of the Probate Act of 1975 (755 ILCS 5/8-1 (West 2006)). ...

Wackrow v. Niemi

... James Woods died in August 2002. Letters of office were issued and Woods' will was admitted to probate on October 23, 2002. ... The estate did not deliver the property or the $300,000 to plaintiff. On October 24, 2003, the probate court denied plaintiff's claim against the estate. ...

In re Estate of Feinberg

... freedom. The Probate Act places only two limits on the ability of a testator to choose the objects of his bounty. ... desire. Under the Probate Act, Max and Erla had no obligation to make any provision at all for their grandchildren. ...

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Lake Forest Wills & Probate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael A. Goldberg

Daniel Edward Levy

Stephen Speranza

Kimberly Smoron Wisneski

Edward Kenneth Suskin

Lisa Trevor

Alan Garland

Sameer Chhabria

Sameer Chhabria

Dean Hedeker

TIPS

LEGAL TERMS

CERTIFICATION OF TRUST

AUGMENTED ESTATE

GRANTOR

LIVING TRUST

ADMINISTRATION (OF AN ESTATE)

SPRINKLING TRUST

WILL

GRANTOR RETAINED INCOME TRUST

NET ESTATE

SAMPLE LEGAL CASES

In re Estate of Ellis

Wackrow v. Niemi

In re Estate of Feinberg

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