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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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Kelly Karczmar

Estate Planning, Wills & Probate, Trusts, Elder Law

Status: In Good Standing Licensed: 20 Years

CONTACT

575 W. Exchange, Crete, IL 60417

Richard Stake

Power of Attorney, Traffic, International Other, Trusts

Status: In Good Standing

CONTACT

15426 S 70Th Ct, Orland Park, IL 60462

Martin Joseph Weisenburger

Landlord-Tenant, Trusts, Divorce, Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

8630 Wheeler Dr, Orland Park, IL 60462

Michael Thomas Huguelet

Commercial Real Estate, Wills, Trusts, Estate Planning

Status: In Good Standing Licensed: 45 Years

CONTACT

10723 W 159Th St, Orland Park, IL 60467

Michael Huguelet

Commercial Real Estate, Wills, Trusts, Estate Planning

Status: In Good Standing Licensed: 45 Years

CONTACT

10723 W 159Th St, Orland Park, IL 60467

N. Richard Stelter

Commercial Real Estate, Trusts, Corporate, Contract

Status: In Good Standing Licensed: 63 Years

CONTACT

165 W 10Th St, Chicago Heights, IL 60411

James Stephen Teykl

Civil Rights, Collection, Corporate, Trusts

Status: In Good Standing Licensed: 44 Years

CONTACT

Crete, IL 60417

800-923-0641

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LEGAL TERMS

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

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.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

FAILURE OF ISSUE

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

KINDRED

Under some state's probate codes, all relatives of a deceased person.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

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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Matteson Trusts Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kelly Karczmar

Richard Stake

Martin Joseph Weisenburger

Michael Thomas Huguelet

Michael Huguelet

N. Richard Stelter

James Stephen Teykl

TIPS

LEGAL TERMS

SPECIAL ADMINISTRATOR

IRREVOCABLE TRUST

REAL ESTATE AGENT

POUR-OVER WILL

SPECIFIC BEQUEST

INHERITANCE TAXES

FAILURE OF ISSUE

KINDRED

SURVIVING SPOUSE'S 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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