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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Michael A. Goldberg

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Estate, Estate Planning, Trusts, Wills & Probate, Estate Administration

I am a lifelong Chicagoland resident with a passion for helping families plan their estates so their loved ones are cared for upon their passing. I ut... (more)

FREE CONSULTATION

CONTACT

847-549-0600

350 N. Milwaukee Avenue, Libertyville, IL 60048

Donna M. Sandacz

Real Estate, Mediation, Wills & Probate, Trusts

Status: In Good Standing Licensed: 14 Years

CONTACT

Algonquin, IL 60102

Christopher L. Cook

Accident & Injury, Real Estate, Wills & Probate, Trusts, Household Mold

Status: In Good Standing Licensed: 34 Years

CONTACT

41040 North Il Route 83, Antioch, IL 60002

Joseph Milton Conley

General Practice

Status: Inactive Licensed: 52 Years

CONTACT

703 W Hintz Rd, Arlington Heights, IL 60004

Tito Pascua Deleon

Tax, Wills, Trusts

Status: In Good Standing Licensed: 26 Years

CONTACT

3850 N Wilke Rd, Arlington Heights, IL 60004

B. Alan Newberg

Real Estate, Trusts, Elder Law, Wrongful Death

Status: In Good Standing Licensed: 52 Years

CONTACT

3255 N Arlington Heights Rd, Arlington Heights, IL 60004

James C. Siebert

Wills & Probate, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 43 Years

CONTACT

3325 North Arlington Heights Road, Arlington Heights, IL 60004

Neil S. Zweiban

Estate, Real Estate, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing Licensed: 42 Years

CONTACT

3255 N Arlington Heights Rd, Arlington Heights, IL 60004

Thomas David Rein

Lawsuit & Dispute, Intellectual Property, Trusts, Antitrust

Status: In Good Standing Licensed: 41 Years

CONTACT

18-6 East Dundee Road, Barrington, IL 60010

Thomas E. Cusick

Trusts, Commercial Real Estate

Status: In Good Standing Licensed: 58 Years

CONTACT

1386 The Point, Barrington, IL 60010

800-923-0641

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LEGAL TERMS

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

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.

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.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.

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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Ringwood Trusts Lawyer, Illinois

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael A. Goldberg

Donna M. Sandacz

Christopher L. Cook

Joseph Milton Conley

Tito Pascua Deleon

B. Alan Newberg

James C. Siebert

Neil S. Zweiban

Thomas David Rein

Thomas E. Cusick

TIPS

LEGAL TERMS

SURVIVING SPOUSE'S TRUST

CREDIT SHELTER TRUST

INHERITANCE TAXES

CONSERVATOR

FAILURE OF ISSUE

SPRINKLING TRUST

INTESTATE SUCCESSION

GROSS ESTATE

AUGMENTED ESTATE

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

Laubner v. JP Morgan Chase Bank, NA

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