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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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Daniel F. D'attomo

Real Estate, International Tax, Estate Planning, Estate, Employment

Status: Licensed: 38 Years

CONTACT

10560 West Cermak Road, Westchester, IL 60154

Jeffrey Hucek

Lawsuit & Dispute, Estate Planning, Estate, Business

Status:

CONTACT

2001 Spring Road, Oak Brook, IL 60523

William B. Martin Gross

Business & Trade, Estate Planning, Municipal, Business

Status: Licensed: 65 Years

CONTACT

2215 York Road, Oak Brook, IL 60523

Gabriel Tsui

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

Status: Licensed: 25 Years

CONTACT

2215 York Road, Oak Brook, IL 60523

Joseph Wleklinski

Tax, Wills & Probate, Divorce & Family Law, Business & Trade, International Tax

Status: Licensed: 37 Years

CONTACT

1900 Spring Rd, Hinsdale, IL 60523

Laura Ann Lipinski

Residential Real Estate, Estate, Corporate

Status: Licensed: 38 Years

CONTACT

600 Enterprise Drive, Oak Brook, IL 60523

Nancie Golnick Dorjath

Elder Law, Estate, Power of Attorney, Elder Law

Status: Licensed: 28 Years

CONTACT

1301 West 22nd Street, Oak Brook, IL 60523

James Mosteller

Industry Specialties, Estate Planning, Business, Bankruptcy & Debt

Status: Licensed: 29 Years

CONTACT

6725 Kingery Hwy, Willowbrook, IL 60527

Richard Holmberg

Estate Planning

Status: Licensed: 29 Years

CONTACT

6725 Kingery Hwy, Willowbrook, IL 60527

Sara Spitler

Real Estate, Lawsuit & Dispute, Estate, Employment

Status: Licensed: 27 Years

CONTACT

835 Mcclintock Drive, Willowbrook, IL 60527

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LEGAL TERMS

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

IRREVOCABLE TRUST

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

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.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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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Western Springs Estate Lawyer, Illinois, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Daniel F. D'attomo

Jeffrey Hucek

William B. Martin Gross

Gabriel Tsui

Joseph Wleklinski

Laura Ann Lipinski

Nancie Golnick Dorjath

James Mosteller

Richard Holmberg

Sara Spitler

TIPS

LEGAL TERMS

INHERIT

CERTIFIED COPY

IRREVOCABLE TRUST

POWER OF APPOINTMENT

GENERATION-SKIPPING TRANSFER TAX

CONSERVATOR

TRUSTEE POWERS

INVENTORY

DISINHERIT

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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