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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
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Terrence J McKenna

Real Estate, Wills & Probate, Workers' Compensation, Personal Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

19333 East Grant Highway, Marengo, IL 60152

Harvey A. Meyers

Business & Trade, Litigation, Estate Planning, Transactions

Status: In Good Standing Licensed: 60 Years

CONTACT

100 W Washington St, Marengo, IL 60152

Thomas Schmitt

Municipal, Estate Planning, Divorce, Transactions

Status: In Good Standing Licensed: 50 Years

CONTACT

760 Bauman St, Marengo, IL 60152

Thomas W. Schmitt

Municipal, Estate Planning, Divorce, Transactions

Status: In Good Standing Licensed: 50 Years

CONTACT

760 Bauman St, Marengo, IL 60152

Nelson s. Anthony

Trusts, Lawsuit, Employment Discrimination, Bad Faith Insurance

Status: In Good Standing Licensed: 46 Years

CONTACT

14274 Flagstaff Ct., Huntley, IL 60142

Peter F. Carroll

Divorce & Family Law, Criminal, Estate, Business, Traffic

Status: In Good Standing

CONTACT

114 S. Jefferson Street, Woodstock, IL 60098

Angela Clare Thuma

Traffic, Estate, Adoption, Divorce & Family Law

Status: In Good Standing Licensed: 29 Years

CONTACT

101 N Throop St, Woodstock, IL 60098

Angela Thuma

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

Status: In Good Standing Licensed: 29 Years

CONTACT

101 N Throop St, Woodstock, IL 60098

Steven Jay Cuda

Estate Planning, Family Law, Divorce, Transactions

Status: In Good Standing Licensed: 46 Years

CONTACT

101 Van Buren St, Crystal Lake, IL 60098

Steven Cuda

Estate Planning, Family Law, Divorce, Transactions

Status: In Good Standing Licensed: 46 Years

CONTACT

101 Van Buren St, Crystal Lake, IL 60098

800-923-0641

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LEGAL TERMS

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

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.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

NET ESTATE

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

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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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Marengo Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Terrence J McKenna

Harvey A. Meyers

Thomas Schmitt

Thomas W. Schmitt

Nelson s. Anthony

Peter F. Carroll

Angela Clare Thuma

Angela Thuma

Steven Jay Cuda

Steven Cuda

TIPS

LEGAL TERMS

ABATEMENT

RULE AGAINST PERPETUITIES

OFFICER

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

MINERAL RIGHTS

REAL ESTATE AGENT

INVENTORY

NET ESTATE

TAKING AGAINST THE WILL

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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