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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
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
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Robert Honig

Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

116 S. York St, Elmhurst, IL 60126

Michael V. LoCicero

Wills, Wills & Probate, Family Law, Constitutional Law, Motor Vehicle

Status: Licensed: 43 Years

CONTACT

2021 Midwest Rd, Hinsdale, IL 60523

Thomas G. Kenny

Estate Planning, Family Law, Contract, Personal Injury

Status:

CONTACT

104 E. Roosevelt Road, Wheaton, IL 60187

Robert Victor Lewis

Commercial Real Estate, Real Estate, Estate Planning, Estate

Status: Licensed: 61 Years

CONTACT

868 Chancel Cir, Glen Ellyn, IL 60137

Lora Ann Matthews Fausett

Commercial Real Estate, Landlord-Tenant, Wills, Business & Trade, Real Estate Other

Status: Licensed: 33 Years

CONTACT

568 Pennsylvania Ave, Glen Ellyn, IL 60137

Lora Matthews Fausett

Landlord-Tenant, Social Security, Estate Planning, Transactions

Status: Licensed: 32 Years

CONTACT

568 Pennsylvania Avenue, Glen Ellyn, IL 60137

Leonard Defranco

Corporate, International Tax, Estate Planning, Real Estate

Status: Licensed: 47 Years

CONTACT

Villa Park, IL 60181

John Morreale

Real Estate, Estate Planning, Business, Accident & Injury

Status: Licensed: 60 Years

CONTACT

449 Taft Ave, Glen Ellyn, IL 60137

John F. Morreale

Real Estate, Estate Planning, Business

Status: Licensed: 60 Years

CONTACT

449 Taft Ave, Glen Ellyn, IL 60137

William H. Pokorny

Tax, Estate Planning, Business Organization, Banking & Finance, Land Use & Zoning

Status: Licensed: 53 Years

CONTACT

1000 Jorie Blvd, Hinsdale, IL 60523

800-814-6700

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LEGAL TERMS

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

TITLE COMPANY

A company that issues title insurance.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

KINDRED

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

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

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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Lombard Estate Lawyer, Illinois, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Robert Honig

Michael V. LoCicero

Thomas G. Kenny

Robert Victor Lewis

Lora Ann Matthews Fausett

Lora Matthews Fausett

Leonard Defranco

John Morreale

John F. Morreale

William H. Pokorny

TIPS

LEGAL TERMS

FAMILY ALLOWANCE

TITLE COMPANY

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

IRREVOCABLE TRUST

ABSTRACT OF TRUST

ADEMPTION

INCOMPETENCE

KINDRED

PERSONAL PROPERTY

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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