Schaumburg Estate Planning Lawyer, Illinois, page 2

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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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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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Includes: Gift Taxation

Mary Brady

Landlord-Tenant, Real Estate, Estate Planning, Transactions

Status: Licensed: 41 Years

CONTACT

105 S. Roselle Road, Schaumburg, IL 60193

John P. Kelley

Business Organization, Estate Planning, Family Law, Wills & Probate

Status:

CONTACT

1535 W Schaumburg Rd, Schaumburg, IL 60194

Thomas Winkler

Tax, International Tax, Estate Planning, Business & Trade, Real Estate

Status: Licensed: 43 Years

CONTACT

1699 E Woodfield Rd, Schaumburg, IL 60173

James Hamill

Estate Planning, Transactions, Business, Personal Injury

Status: Licensed: 17 Years

CONTACT

200 W. Higgins Road, Schaumburg, IL 60195

Ralph Schumann

Real Estate, Estate Planning, Estate, Transactions

Status: Licensed: 42 Years

CONTACT

1701 E Woodfield Rd, Schaumburg, IL 60173

Tommy Haught

Litigation, Estate Planning, Civil Rights, Transactions

Status: Licensed: 26 Years

CONTACT

939 N Plum Grove Rd, Schaumburg, IL 60173

Scott Zambo

Estate Planning, Divorce & Family Law, Criminal, Business & Trade, Intellectual Property

Status: Licensed: 19 Years

CONTACT

1535 West Road, Schaumburg, IL 60194

Donald Hitzel

Estate Planning, Transactions, Business & Trade, Business, Commercial Real Estate

Status: Licensed: 42 Years

CONTACT

1700 Peach Lane, Schaumburg, IL 60194

Edward Mraz

Land Use & Zoning, Municipal, Estate Planning, Corporate

Status: Licensed: 68 Years

CONTACT

111 E Irving Park Rd, Roselle, IL 60172

Patti Levinson

Estate Planning, Family Law, Divorce & Family Law, Products Liability

Status:

CONTACT

1933 N Meacham Rd, Schaumburg, IL 60173

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LEGAL TERMS

DEED OF TRUST

See trust deed.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

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.

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.

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.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

SAMPLE LEGAL CASES

Dunn v. Patterson

... for them. The circuit court of Will County entered judgment on the pleadings, finding, as a matter of law, that provisions in certain estate planning documents prepared by defendant were contrary to public policy and void. The ...

Fitch v. McDermott, Will and Emery, LLP

... Around the same time, defendants Joseph Dietrich and John Dietrich (hereafter the Dietrichs), both certified public accountants, provided financial and accounting services for estate planning purposes to Victoria and her husband, plaintiff Thomas Fitch. ...

In re Estate of Henry

... Accordingly, the estate petitioned the court to allow the estate to execute estate planning documents for Henry which, it contended, were consistent with his known wishes and which would be "free from the taint of the undue influence and fraud which was assembled upon the ...

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Schaumburg Estate Planning Lawyer, Illinois, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mary Brady

John P. Kelley

Thomas Winkler

James Hamill

Ralph Schumann

Tommy Haught

Scott Zambo

Donald Hitzel

Edward Mraz

Patti Levinson

TIPS

LEGAL TERMS

DEED OF TRUST

BENEFICIARY

FAILURE OF ISSUE

SPECIAL ADMINISTRATOR

PUBLISHED WORK

ADEMPTION

INVENTORY

MINERAL RIGHTS

TRUSTEE

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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