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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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Kenneth M. Collinson

Real Estate, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing

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225 E. First Street, Milan, IL 61264

Robert G Scott

Estate Planning, Wills & Probate, Real Estate, Trusts

Status: In Good Standing

FREE CONSULTATION

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225 E. First Street, Milan, IL 61264

Thomas M. Henry

Social Security -- Disability, Wills & Probate, Wills, Trusts

Status: In Good Standing

CONTACT

7620 N. University Street, Peoria, IL 61614

Chad Mathew Long

Litigation, Trusts, Estate Planning, Collection

Status: In Good Standing

CONTACT

117 E Main St, Galesburg, IL 61401

Daniel P. Ellard

Estate Planning, Tax, Trusts, Wills

Status: In Good Standing

CONTACT

1630 5Th Avenue, Moline, IL 61265

Lincoln T. Scott

Real Estate, Contract, Trusts, Wills & Probate

Status: In Good Standing Licensed: 24 Years

CONTACT

225 1St St E, Milan, IL 61264

Jennifer Ann Hahn

Banking & Finance, Trusts, Commercial Real Estate

Status: In Good Standing Licensed: 12 Years

CONTACT

1230 W Candletree Dr, Peoria, IL 61614

William Gerald Schick

Real Estate, Criminal, Corporate, Trusts

Status: In Good Standing Licensed: 52 Years

CONTACT

423 17Th Street, Rock Island, IL 61204

Clarence A Darrow

Family Law, Real Estate, Wills & Probate, Trusts

Status: In Good Standing Licensed: 53 Years

CONTACT

1515 4th Ave, Rock Island, IL 61201

James M. Voelker

Real Estate, Trusts, Elder Law, Wills & Probate

Status: In Good Standing Licensed: 38 Years

CONTACT

6888 N Fox Point Dr, Peoria, IL 61614

800-923-0641

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LEGAL TERMS

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

FAILURE OF ISSUE

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

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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.

BENEFICIARY

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

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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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Galva Trusts Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kenneth M. Collinson

Robert G Scott

Thomas M. Henry

Chad Mathew Long

Daniel P. Ellard

Lincoln T. Scott

Jennifer Ann Hahn

William Gerald Schick

Clarence A Darrow

James M. Voelker

TIPS

LEGAL TERMS

WILL

FAILURE OF ISSUE

LIFE BENEFICIARY

GENERATION-SKIPPING TRUST

INVENTORY

BENEFICIARY

PUBLIC ADMINISTRATOR

AUGMENTED ESTATE

GRANTOR RETAINED INCOME TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

Laubner v. JP Morgan Chase Bank, NA

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