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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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Darryl R. Lem

Trusts, Commercial Real Estate, Estate Planning, Estate Administration

Status: In Good Standing Licensed: 66 Years

CONTACT

850 Burnham Ave, Calumet City, IL 60409

Patrick Joseph Urbut

Traffic, Wills & Probate, Trusts, Adoption

Status: In Good Standing Licensed: 52 Years

CONTACT

11201 South Artesian Avenue, Chicago, IL 60655

Thomas J. Olofsson

Power of Attorney, Wills, Trusts, Elder Law

Status: In Good Standing

CONTACT

9924 S. Walden Parkway, Chicago, IL 60643

Thomas J. Olofsson

Medicare & Medicaid, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 32 Years

CONTACT

10201 S Western Ave, Chicago, IL 60643

William C. Vonder Heide

Federal, Trusts, Elder Law, Business

Status: In Good Standing Licensed: 71 Years

CONTACT

2621 W 103Rd Place, Chicago, IL 60655

James D Johnson

General Practice

Status: In Good Standing Licensed: 57 Years

CONTACT

One First National Plaza, Chicago, IL 60603

Jessica Venegas

Trusts, Trade Associations, Family Law, Immigration

Status: In Good Standing

CONTACT

9420 S Ewing Ave, Chicago, IL 60617

William C. Vonder Heide

Real Estate, Trusts, Estate

Status: In Good Standing Licensed: 71 Years

CONTACT

2621 W 103Rd Pl, Chicago, IL 60655

Marcos Resendiz

Commercial Real Estate, Estate Planning, Trusts

Status: In Good Standing Licensed: 8 Years

CONTACT

9009 S Western Ave, Chicago, IL 60643

Thomas P. Durkin

Motor Vehicle, Dispute Resolution, Immigration, Trusts, Divorce & Family Law

Status: In Good Standing Licensed: 58 Years

CONTACT

9204 S Hoyne Ave, Chicago, IL 60643

800-923-0641

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LEGAL TERMS

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.

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.'

SECONDARY MEANING

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use ... (more...)

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use and exposure in the marketplace. For example, though first names are not generally considered inherently distinctive, Ben & Jerry's Ice Cream has become so well known that it is now entitled to maximum trademark protection.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

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.

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).

TITLE COMPANY

A company that issues title insurance.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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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Markham Trusts Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Darryl R. Lem

Patrick Joseph Urbut

Thomas J. Olofsson

Thomas J. Olofsson

William C. Vonder Heide

James D Johnson

Jessica Venegas

William C. Vonder Heide

Marcos Resendiz

Thomas P. Durkin

TIPS

LEGAL TERMS

ADEMPTION

TRUST CORPUS

SECONDARY MEANING

HEIR APPARENT

ANCILLARY PROBATE

PER CAPITA

TITLE COMPANY

PROBATE COURT

AB 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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