Willowbrook Estate Planning Lawyer, Illinois

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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Includes: Gift Taxation

Shari De Koven

Business & Trade, Estate Planning, Transactions, Wills & Probate

Status: In Good Standing Licensed: 36 Years

CONTACT

9100 West Plainfield Road, Brookfield, IL 60513

Melanie B. Harmon

Estate Planning, Merger & Acquisition, Corporate

Status: In Good Standing Licensed: 19 Years

CONTACT

5333 Main Street, Chicago, IL 60615

Melanie Harmon

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

5333 Main Street, Chicago, IL 60615

Louise T Walsh

Intellectual Property, Elder Law, Estate Planning, Estate

Status: In Good Standing Licensed: 40 Years

CONTACT

120 S Lasalle St, Chicago, IL 60603

Alyx Durachta

General Practice

Status: In Good Standing

CONTACT

1023 W 55Th St, Chicago, IL 60625

Allan C. Alongi

Municipal, Estate Planning, Transactions, Business

Status: In Good Standing Licensed: 39 Years

CONTACT

3 Golf Ave, Clarendon Hills, IL 60514

Andrew William Sharp

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

3 Golf Avenue, Clarendon Hills, IL 60514

Deepa Kuchipudi

Transactions, Commercial Real Estate, Estate Planning

Status: In Good Standing Licensed: 22 Years

CONTACT

212 Eastern Avenue, Clarendon Hills, IL 60514

Deepa Kuchipudi

Transactions, Commercial Real Estate, Estate Planning

Status: In Good Standing Licensed: 22 Years

CONTACT

212 Eastern Avenue, Clarendon Hills, IL 60514

Suzanne Irene High

Estate Planning, Estate

Status: In Good Standing Licensed: 45 Years

CONTACT

59 Ogden Ave, Clarendon Hills, IL 60514

800-923-0641

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LEGAL TERMS

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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.'

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.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

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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Willowbrook Estate Planning Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Shari De Koven

Melanie B. Harmon

Melanie Harmon

Louise T Walsh

Alyx Durachta

Allan C. Alongi

Andrew William Sharp

Deepa Kuchipudi

Deepa Kuchipudi

Suzanne Irene High

TIPS

LEGAL TERMS

TRUST CORPUS

DISTRIBUTEE

AUGMENTED ESTATE

INCOMPETENCE

ESTATE PLANNING

LIVING TRUST

PERSONAL PROPERTY

PREDECEASED SPOUSE

PER CAPITA

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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