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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

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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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Marshall N. Dickler

Real Estate, Estate, Employment, Medical Malpractice, Personal Injury

Chicago, IL Condominium & Homeowner Association Lawyer

Marshall N. Dickler, is a condominium and homeowner association attorney with over 50 years of experience. Based out of Arlington Heights, IL, Attorne... (more)

CONTACT

847-593-5595

85 W Algonquin Rd, Arlington Heights, IL 60005

Martin C. Kelley

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

Status:

CONTACT

Heritage Bank Building, 1535 West Schaumburg Road, Schaumburg, IL 60194

John Pankau

Wills & Probate, Estate Planning, Elder Law, Transactions

Status: Licensed: 41 Years

FREE CONSULTATION

CONTACT

105 East Irving Park Road, Itasca, IL 60143

David W Gullion

Commercial Real Estate, Municipal, Estate Planning

Status: Licensed: 16 Years

CONTACT

111 E Irving Park Rd, Roselle, IL 60172

Edward Mraz

Corporate, Estate Planning, Municipal, Land Use & Zoning

Status: Licensed: 68 Years

CONTACT

111 E Irving Park Rd, Roselle, IL 60172

David Robert Schlueter

Estate Planning, Estate, Transactions, Personal Injury

Status: Licensed: 45 Years

CONTACT

401 W Irving Park Rd, Itasca, IL 60143

Leasa J. Baugher

Estate Planning, Estate, Transactions, Business

Status: Licensed: 23 Years

CONTACT

725 E Irving Park Road, Roselle, IL 60172

Michael Joseph Morrisroe

Litigation, Lawsuit & Dispute, Estate Planning, Merger & Acquisition, Business

Status: Licensed: 39 Years

CONTACT

143 N Bloomingdale Rd, Bloomingdale, IL 60108

John Robert Madden

Traffic, Lawsuit & Dispute, Immigration, Estate, DUI-DWI

Status: Licensed: 14 Years

CONTACT

114 South Bloomingdale Road, Bloomingdale, IL 60108

Michael Foltz

Other, Trusts, Estate Planning

Status: Licensed: 44 Years

CONTACT

500 Park Blvd, Itasca, IL 60143

800-814-6700

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LEGAL TERMS

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

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.

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.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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.

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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Medinah Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Marshall N. Dickler

Martin C. Kelley

John Pankau

David W Gullion

Edward Mraz

David Robert Schlueter

Leasa J. Baugher

Michael Joseph Morrisroe

John Robert Madden

Michael Foltz

TIPS

LEGAL TERMS

INHERITANCE TAXES

EXECUTOR

BYPASS TRUST

SUCCESSOR TRUSTEE

DEVISEE

QDOT TRUST

GENERATION-SKIPPING TRUST

AB TRUST

TRUST DEED

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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