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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

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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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Lawrence E. Bechler

Land Use & Zoning, Real Estate, Wills & Probate, Estate Planning

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

William F. Mundt

Wills & Probate, Business Organization, Estate Planning, Employment

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Stephen R. Tumbush

Landlord-Tenant, Trusts, Merger & Acquisition, Contract

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Richard W. Pitzner

Wills & Probate, Trusts, Family Law, Corporate

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Rachel L Govin

Estate Planning, Family Law, Litigation, Real Estate

Status: In Good Standing

CONTACT

701 E. Washington Avenue, Madison, WI 53703

Bryan D. Woods

Corporate, Litigation, Wills & Probate, Real Estate

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Eve E. Dennison Pollock

Family Law, Banking & Finance, Wills & Probate, Government Agencies

Status: In Good Standing

CONTACT

110 E. Main St., Madison, WI 53703

Nathan Roland Russell

Real Estate, Lawsuit & Dispute, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 16 Years

CONTACT

213 Main St., Darlington, WI 53530

Alicia M. Augsburger

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 16 Years

CONTACT

1211 17th Avenue, Monroe, WI 53566

Lance Alan McNaughton

Real Estate, Dispute Resolution, Estate, Employee Rights, Personal Injury

Status: In Good Standing Licensed: 26 Years

CONTACT

1112 17Th Ave, Monroe, WI 53566

800-923-0641

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LEGAL TERMS

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.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

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.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

FAMILY POT TRUST

See pot trust.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

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Gratiot Estate Lawyer, Wisconsin, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Lawrence E. Bechler

William F. Mundt

Stephen R. Tumbush

Richard W. Pitzner

Rachel L Govin

Bryan D. Woods

Eve E. Dennison Pollock

Nathan Roland Russell

Alicia M. Augsburger

Lance Alan McNaughton

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LEGAL TERMS

PUBLIC ADMINISTRATOR

DEVISEE

MINERAL RIGHTS

POWER OF APPOINTMENT

RESIDUARY ESTATE

FAMILY POT TRUST

GENERATION-SKIPPING TRANSFER TAX

IRREVOCABLE TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

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