Ashippun Estate Lawyer, Wisconsin

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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
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Christopher M. Miller

Criminal, Estate Planning, Family Law, Insurance

Status: In Good Standing

CONTACT

1111 East Sumner Street, Hartford, WI 53027

John V. Burns

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

1111 East Sumner Street, Hartford, WI 53027

Rex Brian Beatty

Income Tax, Corporate Tax, Tax, Gift Taxation

Status: In Good Standing Licensed: 45 Years

CONTACT

397 N5966 Autumn Wood, Oconomowoc, WI 53066

John Allen Caucutt

Real Estate, Estate, Family Law, Child Custody

Status: In Good Standing Licensed: 29 Years

CONTACT

105 E Wisconsin Ave, Oconomowoc, WI 53066

Susan Herro

Estate, Juvenile Law, Guardianships & Conservatorships, Adoption

Status: In Good Standing Licensed: 39 Years

CONTACT

156 E Wisconsin Ave, Oconomowoc, WI 53066

G William Chapman

Estate

Status: Inactive Licensed: 68 Years

CONTACT

156 E Wisconsin Ave, Oconomowoc, WI 53066

Charles J. Herro

Real Estate, Estate Planning, Corporate, Wills & Probate

Status: Inactive Licensed: 75 Years

CONTACT

156 E Wisconsin Ave, Oconomowoc, WI 53066

Robert C. Hultquist

Commercial Real Estate, Trusts, Elder Law, Business

Status: In Good Standing Licensed: 67 Years

CONTACT

N52 W35495 Lake Dr, Oconomowoc, WI 53066

Sandra J. Zenor

Estate, Divorce & Family Law, Criminal, Accident & Injury

Status: In Good Standing Licensed: 39 Years

CONTACT

N8202 County Road E., Watertown, WI 53094

Joe Hentz

Divorce & Family Law, Estate, Real Estate

Status: In Good Standing Licensed: 11 Years

CONTACT

1300 Summit Ave, Oconomowoc, WI 53066

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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.

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).

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Ashippun Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Christopher M. Miller

John V. Burns

Rex Brian Beatty

John Allen Caucutt

Susan Herro

G William Chapman

Charles J. Herro

Robert C. Hultquist

Sandra J. Zenor

Joe Hentz

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LEGAL TERMS

CONTINGENT BENEFICIARY

PUBLIC ADMINISTRATOR

INVENTORY

EXECUTOR

FINAL BENEFICIARY

LAPSE

CHARITABLE TRUST

INTESTATE SUCCESSION

GRANTOR RETAINED INCOME TRUST

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