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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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Lincoln T. Scott

Wills & Probate, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

3610 25Th Street, Moline, IL 61265

Reynolds M. Everett

Real Estate, Estate, Transactions, Business, Agriculture

Status: In Good Standing Licensed: 53 Years

CONTACT

Yocum Bank Bldg., Galva, IL 61434

Reynolds Everett

Estate Planning, Insurance, Transactions, Business & Trade

Status: In Good Standing Licensed: 53 Years

CONTACT

Yocum Bank Bldg., Galva, IL 61434

Thomas Wayne Montgomery

Bankruptcy & Debt, Real Estate, Estate, Accident & Injury, Criminal

Status: In Good Standing

CONTACT

127 North Prospect Street, Cambridge, IL 61238

Justin Michael Raver

Estate Planning, Criminal, Civil Rights, Securities Fraud

Status: In Good Standing Licensed: 17 Years

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211 W Second St, Kewanee, IL 61443

John Blachinsky

Real Estate, Municipal, Estate Planning, Corporate

Status: In Good Standing Licensed: 48 Years

CONTACT

211 W Second St, Kewanee, IL 61443

Anne Elizabeth Fulton

Commercial Real Estate, Real Estate, Estate, Transactions

Status: In Good Standing Licensed: 41 Years

CONTACT

817 Sunset Dr, Kewanee, IL 61443

Scott Clemens

Criminal, Estate Planning, Traffic

Status: In Good Standing Licensed: 51 Years

CONTACT

108 W 1St St, Kewanee, IL 61443

Scott Eugene Clemens

Traffic, Estate Planning, Criminal

Status: In Good Standing Licensed: 51 Years

CONTACT

108 W 1St St, Kewanee, IL 61443

Robert Rennick

Federal Appellate Practice, Government, Estate Planning, Accident & Injury

Status: In Good Standing Licensed: 57 Years

CONTACT

117-119 W Court St, Toulon, IL 61483

800-923-0641

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LEGAL TERMS

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.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

CREDIT SHELTER TRUST

See AB trust.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

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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Bishop Hill Estate Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Lincoln T. Scott

Reynolds M. Everett

Reynolds Everett

Thomas Wayne Montgomery

Justin Michael Raver

John Blachinsky

Anne Elizabeth Fulton

Scott Clemens

Scott Eugene Clemens

Robert Rennick

TIPS

LEGAL TERMS

AUGMENTED ESTATE

PROPERTY CONTROL TRUST

CREDIT SHELTER TRUST

INHERITANCE TAXES

RESIDUARY BENEFICIARY

HOLOGRAPHIC WILL

CONSERVATOR

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

ABSTRACT OF TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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