Willowbrook Estate Planning Lawyer, Illinois

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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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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

Daniel Joseph Mccarthy

Estate Planning, Estate, Business & Trade, Business

Status: In Good Standing Licensed: 28 Years

CONTACT

835 Mcclintock Dr, Willowbrook, IL 60527

William James Cotter

International Tax, Estate Planning, Transactions, Business

Status: In Good Standing Licensed: 46 Years

CONTACT

835 Mcclintock Dr, Willowbrook, IL 60527

James Lawrence Reese

Immigration, Municipal, Estate Planning, Estate

Status: In Good Standing Licensed: 57 Years

CONTACT

15W030 N. Frontage Road, Willowbrook, IL 60527

Jennifer Moses

Estate, Estate Planning, Transactions, Criminal

Status: In Good Standing Licensed: 20 Years

CONTACT

15W030 North Frontage Rd, Willowbrook, IL 60527

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

Nora Hurley Marsh

Commercial Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

200 S Frontage Rd, Willowbrook, IL 60527

Valerie A. Varney

Real Estate, International Tax, Estate Planning, Transactions

Status: In Good Standing Licensed: 31 Years

CONTACT

7420 S County Line Rd, Willowbrook, IL 60527

Valerie Varney

Tax, Business & Trade, Estate Planning, Corporate

Status: In Good Standing Licensed: 31 Years

CONTACT

7420 S County Line Rd, Willowbrook, IL 60527

Noreen Costelloe

Commercial Real Estate, Estate Planning, Transactions, Car Accident

Status: In Good Standing Licensed: 40 Years

CONTACT

7420 S County Line Rd, Willowbrook, IL 60527

James Bebawy

Real Estate, Immigration, Estate Planning, Estate

Status: In Good Standing Licensed: 12 Years

CONTACT

621 W. Plainfield Road, Willowbrook, IL 60527

800-923-0641

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LEGAL TERMS

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.'

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

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.

TITLE COMPANY

A company that issues title insurance.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

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

Daniel Joseph Mccarthy

William James Cotter

James Lawrence Reese

Jennifer Moses

Louise T Walsh

Nora Hurley Marsh

Valerie A. Varney

Valerie Varney

Noreen Costelloe

James Bebawy

TIPS

LEGAL TERMS

ABSTRACT OF TRUST

CONTINGENT BENEFICIARY

INTER VIVOS TRUST

AB TRUST

INVENTORY

TRUSTEE

POWER OF APPOINTMENT

TITLE COMPANY

EXECUTOR

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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