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Plano 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
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.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Includes: Gift Taxation

James Fleming Ormond

Lawsuit & Dispute, Business, Estate Planning, Transactions

Status: In Good Standing Licensed: 37 Years

1961 W Downer Place, Aurora, IL 60506

Gretta Bieber

Commercial Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 37 Years

1961 W Downer Pl, Aurora, IL 60506

Ronald Milton Hem

Commercial Real Estate, Government, Estate Planning, Transactions

Status: In Good Standing Licensed: 50 Years

1961 W Downer Pl, Aurora, IL 60506

Daniel Reed

Tax, International Tax, Estate Planning, Transactions

Status: In Good Standing Licensed: 41 Years

1961 W Downer Pl, Aurora, IL 60506

Abigail Chiesa

Commercial Real Estate, Estate Planning, Estate, Guardianships & Conservatorships

Status: In Good Standing Licensed: 29 Years

1961 W Downer Pl, Aurora, IL 60506

Abigail M. Chiesa

Commercial Real Estate, Estate Planning, Estate, Guardianships & Conservatorships

Status: In Good Standing Licensed: 29 Years

1961 W Downer Pl, Aurora, IL 60506

Gretta Elizabeth Bieber

Commercial Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 37 Years

1961 W Downer Pl, Aurora, IL 60506

Daniel Allen Reed

International Tax, Trusts, Estate Planning, Transactions

Status: In Good Standing Licensed: 41 Years

1961 W Downer Pl, Aurora, IL 60506

Barbara Elaine Richardson

General Practice

Status: In Good Standing Licensed: 42 Years

1961 W Downer Place, Aurora, IL 60506

James Ormond

Lawsuit & Dispute, Business, Estate Planning, Transactions

Status: In Good Standing Licensed: 37 Years

1961 W Downer Place, Aurora, IL 60506

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LEGAL TERMS

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.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

FAMILY POT TRUST

See pot trust.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

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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