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Abraham Michelson
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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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Kenneth M. Collinson

Real Estate, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing

FREE CONSULTATION

CONTACT

225 E. First Street, Milan, IL 61264

Robert G Scott

Estate Planning, Wills & Probate, Real Estate, Trusts

Status: In Good Standing

FREE CONSULTATION

CONTACT

225 E. First Street, Milan, IL 61264

David Joseph Rice

Trusts, Estate, Complex Litigation

Status: In Good Standing

CONTACT

102 East Rock Falls Road, Rock Falls, IL 61071

Michelle L. Heller

Tax, International Tax, Trusts, Estate Planning

Status: In Good Standing Licensed: 22 Years

CONTACT

403 E Third St, Sterling, IL 61081

Michelle L. Heller

Tax, International Tax, Trusts, Estate Planning

Status: In Good Standing Licensed: 22 Years

CONTACT

403 E Third St, Sterling, IL 61081

Thomas O. Moens

Mediation, Entertainment, Trusts, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

1523 52Nd Avenue, Moline, IL 61265

Thomas Moens

Mediation, Entertainment, Trusts, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

1523 52Nd Avenue, Moline, IL 61265

Daniel P. Ellard

Estate Planning, Tax, Trusts, Wills

Status: In Good Standing

CONTACT

1630 5Th Avenue, Moline, IL 61265

Keisha Nicole Douglas

Trusts, Employee Rights, Trade Associations

Status: In Good Standing Licensed: 8 Years

CONTACT

1515 5Th Avenue, Moline, IL 61265

Frank R. Edwards

Other, Commercial Real Estate, Trusts, Elder Law

Status: In Good Standing Licensed: 66 Years

CONTACT

1000 36Th Ave, Moline, IL 61265

800-923-0641

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LEGAL TERMS

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

FAILURE OF ISSUE

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

SURROGATE COURT

See probate court.

TITLE COMPANY

A company that issues title insurance.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

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.

SAMPLE LEGAL CASES

In re Estate of Feinberg

... 534, 891 NE2d 549. In reaching this conclusion, the appellate court relied on decisions of this court dating back as far as 1898 and, as noted, on the Restatement (Third) of Trusts. ISSUE PRESENTED. ... Applicability of Restatement (Third) of Trusts. ...

In re Estate of Feinberg

... 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 the Trusts of Max ...

Laubner v. JP Morgan Chase Bank, NA

... 747 Justice COOK delivered the opinion of the court: On October 31, 2007, plaintiffs Patricia A. Laubner and Pamela A. Larson filed an amended petition to remove codefendant Deborah B. Alley as trustee and to modify the distributions being made from the trusts. ...

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Annawan Trusts Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kenneth M. Collinson

Robert G Scott

David Joseph Rice

Michelle L. Heller

Michelle L. Heller

Thomas O. Moens

Thomas Moens

Daniel P. Ellard

Keisha Nicole Douglas

Frank R. Edwards

TIPS

LEGAL TERMS

TRUST CORPUS

PROBATE

SUMMARY PROBATE

FAILURE OF ISSUE

SURROGATE COURT

TITLE COMPANY

SPECIFIC BEQUEST

IN TERROREM

OFFICER

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

Laubner v. JP Morgan Chase Bank, NA

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