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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
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Richard Robert Rodriguez

Municipal, Estate Planning, Criminal, Civil Rights

Status: In Good Standing Licensed: 27 Years

CONTACT

5404 W Elm St, Crystal Lake, IL 60050

Harry Semrow

International Tax, DUI-DWI, Traffic, Estate Planning

Status: In Good Standing Licensed: 44 Years

CONTACT

Mchenry, IL 60051

Ashley Marie Wilson

Estate Planning, Divorce & Family Law, Criminal, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

2315 N Club Rd, Mchenry, IL 60051

Guy Youman

Corporate, Collection, Elder Law, Adoption, Trusts

Status: In Good Standing

CONTACT

4306F W. Crystal Lake Rd., Mchenry, IL 60050

David Connerton Lesueur

Landlord-Tenant, Estate Planning, Estate, Business

Status: In Good Standing Licensed: 45 Years

CONTACT

3431 W. Elm Street, McHenry, IL 60050

David Lesueur

Estate Planning, Estate, Employment, Business

Status: In Good Standing Licensed: 45 Years

CONTACT

3431 W. Elm Street, McHenry, IL 60050

Alan Edward Basford

Commercial Real Estate, Traffic, Estate, Transactions

Status: In Good Standing Licensed: 43 Years

CONTACT

5400 W Elm St, Mchenry, IL 60050

Michael J. Domanico

Traffic, Estate, Insurance, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

., Spring Grove, IL 60081

Jane Agnes Abramson

Real Estate, Estate Planning, Transactions

Status: In Good Standing Licensed: 27 Years

CONTACT

Spring Grove, IL 60081

Jane Abramson

Real Estate, Estate Planning, Transactions

Status: In Good Standing Licensed: 27 Years

CONTACT

Spring Grove, IL 60081

800-923-0641

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LEGAL TERMS

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

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.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

CERTIFICATION OF TRUST

See abstract of trust.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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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Ringwood Estate Lawyer, Illinois

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The Michelson Law Office

SPONSORED LAWYERS

Richard Robert Rodriguez

Harry Semrow

Ashley Marie Wilson

Guy Youman

David Connerton Lesueur

David Lesueur

Alan Edward Basford

Michael J. Domanico

Jane Agnes Abramson

Jane Abramson

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LEGAL TERMS

PETITION

ADEMPTION

POUR-OVER WILL

CERTIFICATION OF TRUST

DOWER AND CURTESY

DISTRIBUTEE

POWER OF APPOINTMENT

GENERATION-SKIPPING TRANSFER TAX

HOLOGRAPHIC WILL

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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