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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
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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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Bruce Rashke

Tax, Estate Planning

Status: In Good Standing Licensed: 41 Years

CONTACT

W5669 Carol Court, Pardeeville, WI 53954

Donna Cacic Wissbaum

Corporate Tax, Tax, Gift Taxation, Child Custody

Status: In Good Standing Licensed: 42 Years

CONTACT

W5552 State Rd, Montello, WI 53949

Michael P. Lehner

Real Estate, Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

535 W Water St, Princeton, WI 54968

Blair Miner Kendall

Estate, Divorce & Family Law

Status: In Good Standing Licensed: 44 Years

CONTACT

341 S High St, Randolph, WI 53956

Blair M. Kendall

Estate, Divorce & Family Law

Status: In Good Standing Licensed: 44 Years

CONTACT

341 S High St, Randolph, WI 53956

Dale Edwin Hughes

Estate, Disability

Status: In Good Standing Licensed: 37 Years

CONTACT

311 E Wisconsin St, Portage, WI 53901

Jesse Spankowski

Estate, Real Estate

Status: In Good Standing

CONTACT

311 De Witt St, Portage, WI 53901

Michael D. Greiber

Real Estate, Estate, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 25 Years

CONTACT

702 Dewitt St, Portage, WI 53901

Elizabeth Stevens

Estate Planning, Child Custody, Civil Rights, Reorganization

Status: In Good Standing

CONTACT

311 Dewitt Street, Portage, WI 53901

John R. Miller

Real Estate, Trusts, Civil Rights, Estate Planning

Status: In Good Standing

CONTACT

311 Dewitt Street, Portage, WI 53901

800-923-0641

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LEGAL TERMS

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

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.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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).

HEIR APPARENT

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

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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Dalton Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Bruce Rashke

Donna Cacic Wissbaum

Michael P. Lehner

Blair Miner Kendall

Blair M. Kendall

Dale Edwin Hughes

Jesse Spankowski

Michael D. Greiber

Elizabeth Stevens

John R. Miller

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LEGAL TERMS

WILL

POUR-OVER WILL

TESTAMENTARY TRUST

FAMILY ALLOWANCE

QTIP TRUST

ESTATE PLANNING

GRANTOR RETAINED INCOME TRUST

HEIR APPARENT

ADEMPTION

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