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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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Colleen Sahlas

Estate Planning, Adoption, Elder Law, Business

Status: In Good Standing Licensed: 24 Years

CONTACT

1200 Harger Rd, Hinsdale, IL 60523

Colleen Lynette Sahlas

Estate Planning, Adoption, Elder Law, Business

Status: In Good Standing Licensed: 24 Years

CONTACT

1200 Harger Rd, Hinsdale, IL 60523

Britt Ashley Salazar

Real Estate, Estate Planning

Status: In Good Standing Licensed: 12 Years

CONTACT

1200 Harger Rd, Oak Brook, IL 60523

Britt Salazar

Real Estate, Estate Planning

Status: In Good Standing Licensed: 12 Years

CONTACT

1200 Harger Rd, Oak Brook, IL 60523

Michael Deboer

Real Estate, Estate Planning, Business, Corporate

Status: In Good Standing Licensed: 38 Years

CONTACT

1200 Harger Rd, Hinsdale, IL 60523

Sean Lazzari

Traffic, Estate Planning, Divorce, DUI-DWI

Status: In Good Standing

CONTACT

800 Enterprise Dr, Hinsdale, IL 60523

Susan Shea Hickel

Estate Planning, Business

Status: In Good Standing Licensed: 32 Years

CONTACT

15 Salt Creek Lane, Hinsdale, IL 60521

Michael Daniel Walsh

Estate Planning, Divorce & Family Law, Transactions, Personal Injury

Status: In Good Standing Licensed: 45 Years

CONTACT

Western Springs, IL 60558

Walter Wade Morrissey

Commercial Real Estate, Estate Planning, Corporate

Status: In Good Standing Licensed: 52 Years

CONTACT

1900 Spring Rd, Hinsdale, IL 60523

Kevin John Moore

Tax, Federal Appellate Practice, Wills & Probate, Personal Injury, Estate

Status: In Good Standing Licensed: 41 Years

CONTACT

4365 Lawn Avenue, Western Springs, IL 60558

800-923-0641

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LEGAL TERMS

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.

CREDIT SHELTER TRUST

See AB trust.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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.'

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.

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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Hinsdale Estate Lawyer, Illinois, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Colleen Sahlas

Colleen Lynette Sahlas

Britt Ashley Salazar

Britt Salazar

Michael Deboer

Sean Lazzari

Susan Shea Hickel

Michael Daniel Walsh

Walter Wade Morrissey

Kevin John Moore

TIPS

LEGAL TERMS

DOWER AND CURTESY

CREDIT SHELTER TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

DEATH TAXES

EXECUTOR

PROVING A WILL

RESIDUARY BENEFICIARY

TRUST CORPUS

GENERATION-SKIPPING TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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