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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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R. Gilman Johnson

Municipal, Wills & Probate, Estate Planning, Business Organization

Status: In Good Standing

FREE CONSULTATION

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74 East Grand Avenue, Fox Lake, IL 60020

Perry Callas

Wills & Probate, Estate Planning, Merger & Acquisition, Corporate

Status: In Good Standing

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5412 Route 31, Crystal Lake, IL 60012

Harry H. Semrow

Traffic, International Tax, Estate Planning, DUI-DWI

Status: In Good Standing Licensed: 43 Years

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Mchenry, IL 60051

David Connerton Lesueur

Landlord-Tenant, Estate Planning, Estate, Business

Status: In Good Standing Licensed: 45 Years

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3431 W. Elm Street, McHenry, IL 60050

David Lesueur

Estate Planning, Estate, Employment, Business

Status: In Good Standing Licensed: 45 Years

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3431 W. Elm Street, McHenry, IL 60050

Harry Semrow

International Tax, DUI-DWI, Traffic, Estate Planning

Status: In Good Standing Licensed: 44 Years

CONTACT

Mchenry, IL 60051

Richard Robert Rodriguez

Municipal, Estate Planning, Criminal, Civil Rights

Status: In Good Standing Licensed: 27 Years

CONTACT

5404 W Elm St, Crystal Lake, IL 60050

Kathleen Laughlin

Estate Planning, Transactions, Traffic

Status: In Good Standing Licensed: 19 Years

CONTACT

4123-a W. Shamrock Lane, Mchenry, IL 60050

Jeanne M. Miller

Real Estate, Estate Planning, Business

Status: In Good Standing Licensed: 27 Years

CONTACT

4001 Roberts Road, Island Lake, IL 60042

Alan Edward Basford

Commercial Real Estate, Traffic, Estate, Transactions

Status: In Good Standing Licensed: 43 Years

CONTACT

5400 W Elm St, Mchenry, IL 60050

800-923-0641

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LEGAL TERMS

DEED OF TRUST

See trust deed.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

CREDIT SHELTER TRUST

See AB trust.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

IRREVOCABLE TRUST

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

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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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Mchenry Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

R. Gilman Johnson

Perry Callas

Harry H. Semrow

David Connerton Lesueur

David Lesueur

Harry Semrow

Richard Robert Rodriguez

Kathleen Laughlin

Jeanne M. Miller

Alan Edward Basford

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LEGAL TERMS

DEED OF TRUST

ALTERNATE BENEFICIARY

INTER VIVOS TRUST

BENEFICIARY

CREDIT SHELTER TRUST

CONTINGENT BENEFICIARY

ENDOWMENT INSURANCE

IRREVOCABLE TRUST

ABATEMENT

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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