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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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Edward D. Siebert

Estate, Elder Law, Real Estate

Edward D. Siebert is a licensed Illinois attorney that has experience in estate planning, elder law, real estate and other litigation and corporate ma... (more)

CONTACT

847-656-3600

1320 Tower Road, Schaumburg, IL 60173

Jonathan G. Anderson

✓ VERIFIED

Divorce & Family Law, Child Custody, Child Support, Adoption, Estate Planning

Schaumburg, IL Divorce & Family Law Attorney

Attorney Jon Anderson is a divorce & family law attorney in Schaumburg, IL. He concentrates his practice on child custody, child support, adoption, & ... (more)

FREE CONSULTATION

CONTACT

847-850-8899

1101 Perimeter Drive, Schaumburg, IL 60173

Michael V. Favia

✓ VERIFIED

Accident & Injury, Personal Injury, Business, Real Estate, Estate

Very Experienced Team of Lawyers with Exceptional Legal Skills and Credentials.

Michael V. Favia is a well respected and connected health law, litigation and licensing attorney with experience from a variety of perspectives. Mi... (more)

FREE CONSULTATION

CONTACT

773-631-4580

3315 W. Algonquin Road, Rolling Meadows, IL 60008

Marshall N. Dickler

Real Estate, Estate, Employment, Medical Malpractice, Personal Injury

Chicago, IL Condominium & Homeowner Association Lawyer

Marshall N. Dickler, is a condominium and homeowner association attorney with over 50 years of experience. Based out of Arlington Heights, IL, Attorne... (more)

CONTACT

847-593-5595

85 W Algonquin Rd, Arlington Heights, IL 60005

Joseph H. Sparacino

✓ VERIFIED

Estate, Bankruptcy & Debt

Joseph H. Sparacino is a practicing lawyer in the state of Illinois.

CONTACT

847-259-5700

1845 E. Rand Rd. Suite 211, Arlington Heights, IL 60004

Martin C. Kelley

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

Status: In Good Standing

CONTACT

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

James J. Riebandt

Commercial Leasing, Estate Planning, Corporate, Business Organization

Status: In Good Standing

CONTACT

1237 S. Arlington Heights Road, Arlington Heights, IL 60006

Jerome G McSherry

Real Estate, Wills & Probate, Trusts, Estate

Status: In Good Standing

CONTACT

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

Jay A. Andrew

Commercial Leasing, Estate Administration, Corporate, Banking & Finance

Status: In Good Standing

CONTACT

800 Northwest Hwy, Palatine, IL 60074

Bonnie Spaccarelli Hannon

Landlord-Tenant, Land Use & Zoning, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

202 South Cook St., Barrington, IL 60010

800-923-0641

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LEGAL TERMS

FAMILY POT TRUST

See pot trust.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

DEED OF TRUST

See trust deed.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

NET ESTATE

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

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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Schaumburg Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Edward D. Siebert

Jonathan G. Anderson

Michael V. Favia

Marshall N. Dickler

Joseph H. Sparacino

Martin C. Kelley

James J. Riebandt

Jerome G McSherry

Jay A. Andrew

Bonnie Spaccarelli Hannon

TIPS

LEGAL TERMS

FAMILY POT TRUST

SUCCESSION

LIVING TRUST

DEED OF TRUST

SPRINKLING TRUST

RULE AGAINST PERPETUITIES

ESTATE TAXES

NET ESTATE

ABATEMENT

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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