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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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D. Peter Seguin

Bankruptcy, Corporate, Estate Planning, Wills & Probate, Estate

Status: In Good Standing

CONTACT

110 Second Street, Hudson, WI 54016

Joel D. Schlitz

Criminal, Estate, Lawsuit & Dispute, Real Estate, DUI-DWI

Status: In Good Standing

CONTACT

110 Second Street, Hudson, WI 54016

Robert Leo Loberg

Commercial Real Estate, Litigation, Wills & Probate, Banking & Finance, Slip & Fall Accident

Status: In Good Standing Licensed: 48 Years

CONTACT

359 W. Main, Ellsworth, WI 54011

Rory E. O'sullivan

Business, Accident & Injury, Estate, Real Estate, Car Accident

Status: In Good Standing Licensed: 13 Years

CONTACT

219 N Main St, River Falls, WI 54022

Maxfield E. (Max) Neuhaus

Estate, Real Estate, Business

Status: In Good Standing

CONTACT

219 N Main St, River Falls, WI 54022

Catherine R. Munkittrick

Government, Estate, Workers' Compensation, Elder Law

Status: In Good Standing

CONTACT

219 N Main St, River Falls, WI 54022

William J. Markert

Land Use & Zoning, Wills & Probate, Estate Planning, Business Organization

Status: In Good Standing Licensed: 16 Years

CONTACT

W12644 714Th Avenue, River Falls, WI 54022

William Joseph Markert

Wills, Wills & Probate, White Collar Crime, Criminal

Status: In Good Standing Licensed: 16 Years

CONTACT

W12644 714Th Avenue, River Falls, WI 54022

Brian Franklin Albee

General Practice

Status: Inactive Licensed: 29 Years

CONTACT

1144 70Th Ave, Roberts, WI 54023

Christine Ann Rasmussen

Tax, Real Estate, Intellectual Property, Estate, Business

Status: In Good Standing Licensed: 18 Years

CONTACT

940 7th Ave., Baldwin, WI 54002

800-923-0641

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LEGAL TERMS

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

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.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

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.

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.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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.

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.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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Ellsworth Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

D. Peter Seguin

Joel D. Schlitz

Robert Leo Loberg

Rory E. O'sullivan

Maxfield E. (Max) Neuhaus

Catherine R. Munkittrick

William J. Markert

William Joseph Markert

Brian Franklin Albee

Christine Ann Rasmussen

TIPS

LEGAL TERMS

WARRANTY DEED

INTESTATE

DEATH TAXES

POWER OF APPOINTMENT

AB TRUST

HOLOGRAPHIC WILL

FAMILY ALLOWANCE

BANKRUPTCY ESTATE

DISTRIBUTEE

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