Lake In The Hills Estate Planning Lawyer, Illinois

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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
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When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
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Includes: Gift Taxation

Mathew Roy Patrick Perrone

Real Estate, Patent, Copyright, Estate Planning

Status: In Good Standing

FREE CONSULTATION

CONTACT

210 South Main Street, Algonquin, IL 60102

Joseph Gottemoller

Land Use & Zoning, Real Estate, Estate Planning, Family Law

Status: In Good Standing

CONTACT

1 North Virginia Street, Crystal Lake, IL 60014

Martin Jay Waitzman

Tax, Estate Planning, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 41 Years

CONTACT

2413 W Algonquin Rd, Barrington, IL 60102

Troy Conway Owens

Intellectual Property, Estate Planning, Civil Rights, Business

Status: In Good Standing

CONTACT

9 Crystal Lake Road, Lake In The Hills, IL 60156

Scott D. Miller

General Practice

Status: In Good Standing Licensed: 34 Years

CONTACT

9 West Crystal Lake Road, Lake In The Hills, IL 60156

Elizabeth Maine Ellis

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

Status: In Good Standing Licensed: 19 Years

CONTACT

970 Mchenry Ave, Crystal Lake, IL 60014

George A. Mueller

Estate Planning, Workers' Compensation, Criminal, Personal Injury

Status: In Good Standing Licensed: 43 Years

CONTACT

970 Mchenry Ave, Crystal Lake, IL 60014

Jennifer Lynn Ernest

Commercial Real Estate, Estate Planning, Business, Personal Injury

Status: In Good Standing Licensed: 25 Years

CONTACT

2403 Harnish Dr, Barrington, IL 60102

Stephanie Hoit Lee

Estate Planning

Status: In Good Standing Licensed: 31 Years

CONTACT

1100 Windy Knoll Dr, Algonquin, IL 60102

William Paul Joseph Petsche

Litigation, Estate Planning, Business, Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

454 W Virginia Street, Crystal Lake, IL 60014

800-923-0641

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LEGAL TERMS

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

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.

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.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

FAILURE OF ISSUE

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

SAMPLE LEGAL CASES

Dunn v. Patterson

... for them. The circuit court of Will County entered judgment on the pleadings, finding, as a matter of law, that provisions in certain estate planning documents prepared by defendant were contrary to public policy and void. The ...

Fitch v. McDermott, Will and Emery, LLP

... Around the same time, defendants Joseph Dietrich and John Dietrich (hereafter the Dietrichs), both certified public accountants, provided financial and accounting services for estate planning purposes to Victoria and her husband, plaintiff Thomas Fitch. ...

In re Estate of Henry

... Accordingly, the estate petitioned the court to allow the estate to execute estate planning documents for Henry which, it contended, were consistent with his known wishes and which would be "free from the taint of the undue influence and fraud which was assembled upon the ...

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Lake In The Hills Estate Planning Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mathew Roy Patrick Perrone

Joseph Gottemoller

Martin Jay Waitzman

Troy Conway Owens

Scott D. Miller

Elizabeth Maine Ellis

George A. Mueller

Jennifer Lynn Ernest

Stephanie Hoit Lee

William Paul Joseph Petsche

TIPS

LEGAL TERMS

ANCILLARY PROBATE

SPECIFIC BEQUEST

DISINHERIT

LETTERS TESTAMENTARY

TAKING AGAINST THE WILL

PROVING A WILL

TRUST DEED

PER STIRPES

FAILURE OF ISSUE

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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