Orland Park Estate Planning Lawyer, Illinois, page 2

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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
  Our legal team can advise you on your options for negotiating a solution.
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Includes: Gift Taxation

Heather Voorn

Nursing Home, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing Licensed: 18 Years

CONTACT

14524 John Humphrey Dr, Orland Park, IL 60462

Heather Elizabeth Voorn

Nursing Home, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 18 Years

CONTACT

14524 John Humphrey Dr, Orland Park, IL 60462

Gary J Mazian

Wills & Probate, Estate Planning, Contract, Business Organization

Status: In Good Standing Licensed: 43 Years

CONTACT

9501 W 144Th Pl, Orland Park, IL 60462

James Francis Dunneback

Commercial Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 49 Years

CONTACT

9501 W 144 Th Place, Orland Park, IL 60462

James Dunneback

Commercial Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 49 Years

CONTACT

9501 W 144 Th Place, Orland Park, IL 60462

Mona L. O'connor

Traffic, Estate Planning, Criminal, Medical Malpractice

Status: In Good Standing Licensed: 27 Years

CONTACT

10751 W 165Th St, Orland Park, IL 60467

David J. O'connor

Estate Planning, Criminal, Transactions, Medical Malpractice

Status: In Good Standing Licensed: 38 Years

CONTACT

10751 W 165Th St, Orland Park, IL 60467

Mona O'connor

Traffic, Estate Planning, Criminal, Medical Malpractice

Status: In Good Standing Licensed: 27 Years

CONTACT

10751 W 165Th St, Orland Park, IL 60467

Edward John Schoen

International Tax, Estate Planning, Estate, Business

Status: In Good Standing Licensed: 33 Years

CONTACT

16521 106Th Ct, Orland Park, IL 60467

Edward Schoen

International Tax, Estate Planning, Estate, Civil Rights, Business

Status: In Good Standing Licensed: 33 Years

CONTACT

16521 106Th Ct, Orland Park, IL 60467

800-923-0641

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LEGAL TERMS

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

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.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

IRREVOCABLE TRUST

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

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

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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Orland Park Estate Planning Lawyer, Illinois, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Heather Voorn

Heather Elizabeth Voorn

Gary J Mazian

James Francis Dunneback

James Dunneback

Mona L. O'connor

David J. O'connor

Mona O'connor

Edward John Schoen

Edward Schoen

TIPS

LEGAL TERMS

PERSONAL PROPERTY

DOWER AND CURTESY

ENDOWMENT INSURANCE

FINAL BENEFICIARY

DEATH TAXES

ACCUMULATION TRUST

REMAINDERMAN

IRREVOCABLE TRUST

INVENTORY

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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