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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

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
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Includes: Estate Administration, Living Wills, Wills

Michael A. Goldberg

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Estate, Estate Planning, Trusts, Wills & Probate, Estate Administration

I am a lifelong Chicagoland resident with a passion for helping families plan their estates so their loved ones are cared for upon their passing. I ut... (more)

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847-549-0600

350 N. Milwaukee Avenue, Libertyville, IL 60048

Matthew Livingston

Estate, Real Estate, Business Organization, Wills & Probate, Guardianships & Conservatorships

Matthew Livingston is a member of the Illinois Bar Association, the Chicago Bar Association, and the Illinois Real Estate Lawyers Association. Knowled... (more)

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847-544-6657

2700 Patriot Blvd, Glenview, IL 60026

Jay A. Andrew

Commercial Leasing, Estate Administration, Corporate, Banking & Finance

Status: In Good Standing

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800 Northwest Hwy, Palatine, IL 60074

Jerome G McSherry

Real Estate, Wills & Probate, Trusts, Estate

Status: In Good Standing

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121 S. Wilke Rd., #407, Arlington Heights, IL 60005

Betsy Kadus

Wills & Probate, Government Agencies, Elder Law, Estate Planning

Status: In Good Standing

FREE CONSULTATION

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500 Skokie Blvd., Northbrook, IL 60062

Martin C. Kelley

Wills & Probate, Workers' Compensation, Personal Injury, Medical Malpractice

Status: In Good Standing

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Heritage Bank Building, 1535 West Schaumburg Road, Schaumburg, IL 60194

James C. Siebert

Wills & Probate, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 43 Years

CONTACT

3325 North Arlington Heights Road, Arlington Heights, IL 60004

Brian Rubin

Wills & Probate, Estate Planning, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 49 Years

CONTACT

1110 W Lake Cook Road, Buffalo Grove, IL 60089

Judith Smith

Wills & Probate, Estate Planning, Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

1110 W Lake Cook Rd, Buffalo Grove, IL 60089

Karl H. Magnus

Residential Real Estate, Wills & Probate, Trusts, Consumer Bankruptcy

Status: In Good Standing Licensed: 26 Years

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3030 Salt Creek Ln., Arlington Heights, IL 60005

800-923-0641

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LEGAL TERMS

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving 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 capita, Julie and the two grandchildren will each take a third. If, on the other hand, 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).

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

NET ESTATE

The value of all property owned at death less liabilities or debts.

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.

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.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to 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.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

SAMPLE LEGAL CASES

In re Estate of Ellis

... Bauman was the pastor of the church of which Ellis was a member. When Ellis died in 2003, the 1999 will was admitted to probate. ... The circuit court of Cook County dismissed all counts as untimely pursuant to section 8-1 of the Probate Act of 1975 (755 ILCS 5/8-1 (West 2006)). ...

Wackrow v. Niemi

... James Woods died in August 2002. Letters of office were issued and Woods' will was admitted to probate on October 23, 2002. ... The estate did not deliver the property or the $300,000 to plaintiff. On October 24, 2003, the probate court denied plaintiff's claim against the estate. ...

In re Estate of Feinberg

... freedom. The Probate Act places only two limits on the ability of a testator to choose the objects of his bounty. ... desire. Under the Probate Act, Max and Erla had no obligation to make any provision at all for their grandchildren. ...

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Long Grove Wills & Probate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael A. Goldberg

Matthew Livingston

Jay A. Andrew

Jerome G McSherry

Betsy Kadus

Martin C. Kelley

James C. Siebert

Brian Rubin

Judith Smith

Karl H. Magnus

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LEGAL TERMS

PER CAPITA

ADMINISTRATRIX

NET ESTATE

ADEMPTION

PUBLIC ADMINISTRATOR

QTIP TRUST

INTESTATE

SPENDTHRIFT TRUST

BANKRUPTCY ESTATE

SAMPLE LEGAL CASES

In re Estate of Ellis

Wackrow v. Niemi

In re Estate of Feinberg

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