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

Michael L. Overmann

Estate Administration, Estate Planning, Guardianships & Conservatorships, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

7702 S Cass Ave, Darien, IL 60561

Nora Hurley Marsh

Commercial Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

200 S Frontage 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

Valerie Varney

Tax, Business & Trade, Estate Planning, Corporate

Status: In Good Standing Licensed: 31 Years

CONTACT

7420 S County Line 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

James Bebawy

Real Estate, Immigration, Estate Planning, Estate

Status: In Good Standing Licensed: 12 Years

CONTACT

621 W. Plainfield Road, Willowbrook, IL 60527

James Arthur Mosteller

Industry Specialties, Estate Planning, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

6725 Kingery Hwy, Willowbrook, IL 60527

Richard K Holmberg

Estate Planning

Status: In Good Standing Licensed: 28 Years

CONTACT

6725 Kingery Hwy, Willowbrook, IL 60527

800-923-0641

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LEGAL TERMS

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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

Michael L. Overmann

Nora Hurley Marsh

Noreen Costelloe

Valerie Varney

Valerie A. Varney

James Bebawy

James Arthur Mosteller

Richard K Holmberg

TIPS

LEGAL TERMS

INVESTOR

GRANTOR RETAINED INCOME TRUST

GENERATION-SKIPPING TRUST

ADMINISTRATRIX

PUBLIC ADMINISTRATOR

EXECUTOR

IN TERROREM

HEIR APPARENT

INTESTATE

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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