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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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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Nicholas Peter Bathas

Estate, Medicare & Medicaid, Real Estate, Elder Law

Status: Licensed: 37 Years

FREE CONSULTATION

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1304 Dunrobin Road, Naperville, IL 60540

Bruce Joseph Farrell

Business Organization, Contract, Corporate, Estate, Civil & Human Rights

Status: Licensed: 48 Years

CONTACT

3341 Hobson Rd, Woodridge, IL 60517

Robert Koback

Employment, Estate, Lawsuit & Dispute, Real Estate

Status: Licensed: 27 Years

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1220 Iroquois Avenue, Naperville, IL 60540

Michael L. Overmann

Estate Administration, Estate Planning, Guardianships & Conservatorships, Elder Law

Status: Licensed: 30 Years

CONTACT

7702 S Cass Ave, Darien, IL 60561

Robert Borla

Federal Appellate Practice, Estate Planning, Transactions, Business

Status: Licensed: 59 Years

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6912 Main St, Downers Grove, IL 60516

Alonzo Houff Zahour

Federal Appellate Practice, Estate Planning, Divorce & Family Law, Criminal

Status: Licensed: 51 Years

CONTACT

235 Remington Blvd, Bolingbrook, IL 60440

Rex Craig Denkmann

Litigation, Estate Planning, Civil Rights, Business

Status: Licensed: 55 Years

CONTACT

682 W Boughton Rd, Bolingbrook, IL 60440

James Edward Hundman

International Tax, Estate Planning, Estate

Status: Licensed: 37 Years

CONTACT

1440 Maple Ave, Lisle, IL 60532

Charles Argianas

Government, Estate Planning, Estate

Status: Licensed: 40 Years

CONTACT

5509 Belmont Road, Downers Grove, IL 60515

Jason C. Tunquist

Commercial Real Estate, Estate Planning, Estate, Corporate

Status: Licensed: 19 Years

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5333 Main St, Downers Grove, IL 60515

800-814-6700

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LEGAL TERMS

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.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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.

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.

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.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

TRUSTEE POWERS

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

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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Woodridge Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Nicholas Peter Bathas

Bruce Joseph Farrell

Robert Koback

Michael L. Overmann

Robert Borla

Alonzo Houff Zahour

Rex Craig Denkmann

James Edward Hundman

Charles Argianas

Jason C. Tunquist

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LEGAL TERMS

OFFICER

SPENDTHRIFT TRUST

ADEMPTION

DOWER AND CURTESY

ABATEMENT

HEIR APPARENT

ABSTRACT OF TRUST

SWEARING MATCH

TRUSTEE POWERS

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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