Clark County, WI Estate Planning Lawyers, page 2

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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
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Includes: Gift Taxation

Not enough matches for Clark Estate Planning lawyer.
Below are all Clark lawyers.

Joan D. Eloranta

General Practice

Status: In Good Standing Licensed: 45 Years

CONTACT

W4651 Oak Rd, Owen, WI 54460

Paul A. Nikolay

General Practice

Status: In Good Standing Licensed: 41 Years

CONTACT

111 N 1st St, Abbotsford, WI 54405

Michael V. Salm

Real Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

603 S Washington St, Thorp, WI 54771

Daniel E. Shannon

General Practice

Status: In Good Standing Licensed: 30 Years

CONTACT

Loyal, WI 54446

Mary E. Hughes

General Practice

Status: In Good Standing Licensed: 45 Years

CONTACT

513 E 3Rd St, Owen, WI 54460

Damon P. Stichert

General Practice

Status: In Good Standing Licensed: 13 Years

CONTACT

N5726 Oak St, Chili, WI 54420

John T. Stichert

General Practice

Status: In Good Standing Licensed: 34 Years

CONTACT

N5726 Oak St, Chili, WI 54420

Trygve Inderberg

General Practice

Status: Suspended Licensed: 46 Years

CONTACT

Loyal, WI 54446

Michael K. McQuillan

Government

Status: In Good Standing Licensed: 45 Years

CONTACT

W11841 E Moore Rd, Humbird, WI 54746

Diane M. Trimberger

General Practice

Status: Suspended Licensed: 40 Years

CONTACT

Neillsville, WI 54456

800-923-0641

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LEGAL TERMS

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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).

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

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Clark County, WI Estate Planning Lawyers, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joan D. Eloranta

Paul A. Nikolay

Michael V. Salm

Daniel E. Shannon

Mary E. Hughes

Damon P. Stichert

John T. Stichert

Trygve Inderberg

Michael K. McQuillan

Diane M. Trimberger

TIPS

LEGAL TERMS

PROBATE

AB TRUST

QTIP TRUST

SUMMARY PROBATE

REAL ESTATE AGENT

ADMINISTRATION (OF AN ESTATE)

GRANTOR RETAINED INCOME TRUST

DISCHARGE (OF PROBATE ADMINISTRATOR)

BANKRUPTCY ESTATE

SAMPLE LEGAL CASES

Tensfeldt v. Haberman

IN THE ESTATE OF DERZON

IN RE THE ESTATE OF HECK

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