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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
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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.
3. Practice AreasServices
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Kenneth Goodsmith

Litigation, Trusts, Employee Rights, Business

Status: In Good Standing Licensed: 43 Years

CONTACT

325 Washington Street, Waukegan, IL 60085

Elin C. Shoback

General Practice

Status: In Good Standing

CONTACT

1 N County St, Waukegan, IL 60085

Kathryn Leahy Dore

Litigation, Trusts, Antitrust, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

3008 Belvidere Road, Waukegan, IL 60085

Kathryn Dore

Litigation, Trusts, Antitrust, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

3008 Belvidere Road, Waukegan, IL 60085

Thomas Ballantyne Hood

Real Estate, Wills & Probate, Trusts, Personal Injury

Status: In Good Standing Licensed: 39 Years

CONTACT

501 N Riverside St, Gurnee, IL 60031

Stephanie Mccallum

Lawsuit & Dispute, Intellectual Property, Trusts, Antitrust

Status: In Good Standing Licensed: 22 Years

CONTACT

100 Abbott Park Rd, North Chicago, IL 60064

Stephanie Mccallum

Lawsuit & Dispute, Intellectual Property, Trusts, Antitrust

Status: In Good Standing Licensed: 22 Years

CONTACT

100 Abbott Park Rd, North Chicago, IL 60064

Stephanie Mccallum

Lawsuit & Dispute, Intellectual Property, Trusts, Antitrust

Status: In Good Standing Licensed: 22 Years

CONTACT

100 Abbott Park Rd, North Chicago, IL 60064

Melburn Edward Laundry

Estate, Trusts

Status: In Good Standing Licensed: 60 Years

CONTACT

1800 Nations Drive, Gurnee, IL 60031

800-923-0641

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LEGAL TERMS

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

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.

SURROGATE COURT

See probate court.

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.

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.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

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.

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.'

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

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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Waukegan Trusts Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Kenneth Goodsmith

Elin C. Shoback

Kathryn Leahy Dore

Kathryn Dore

Thomas Ballantyne Hood

Stephanie Mccallum

Stephanie Mccallum

Stephanie Mccallum

Melburn Edward Laundry

TIPS

LEGAL TERMS

DISCHARGE (OF PROBATE ADMINISTRATOR)

REAL ESTATE AGENT

SURROGATE COURT

ESTATE TAXES

FINAL BENEFICIARY

WILL

ANCILLARY PROBATE

LIVING TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

Laubner v. JP Morgan Chase Bank, NA

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