Lancaster 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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Boyd Gibbons

General Practice

Status: Retired Licensed: 62 Years

CONTACT

5799 Lakeview Rd, Spring Green, WI 53588

Donald R. Stroud

Real Estate, Estate, Business

Status: In Good Standing Licensed: 14 Years

CONTACT

121 W Jefferson St, Spring Green, WI 53588

Donna Ann Weikert

Government, Wills & Probate, Estate, Divorce

Status: In Good Standing Licensed: 37 Years

CONTACT

3302 Bethlehem Rd, Dodgeville, WI 53533

Eric Hagen

Motor Vehicle, Municipal, Science, Technology & Internet, Business, Estate Planning

Status: In Good Standing Licensed: 7 Years

CONTACT

1038 Lincoln Ave, Fennimore, WI 53809

James J. Robb

Estate, Real Estate

Status: In Good Standing Licensed: 50 Years

CONTACT

274 N Central Ave, Richland Center, WI 53581

John A. Kussmaul

Real Estate, Estate, Business

Status: In Good Standing Licensed: 56 Years

CONTACT

151 West Maple Street, Lancaster, WI 53813

Julie A. Dadoun

Federal, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 7 Years

CONTACT

Richland Center, WI 53581

Karen S. Fowell

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 42 Years

CONTACT

297 N Central Ave, Richland Center, WI 53581

Leary E. Peterson

Estate Planning

Status: In Good Standing Licensed: 79 Years

CONTACT

110 E Haydn St, Prairie Du Chien, WI 53821

Michael C. Curran

Criminal, Divorce & Family Law, Estate, Real Estate

Status: In Good Standing Licensed: 16 Years

FREE CONSULTATION

CONTACT

115 N Washington St, Spring Green, WI 53588

800-923-0641

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LEGAL TERMS

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

CERTIFICATION OF TRUST

See abstract of trust.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

CURATOR

See conservator.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

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.

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.

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Lancaster Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Boyd Gibbons

Donald R. Stroud

Donna Ann Weikert

Eric Hagen

James J. Robb

John A. Kussmaul

Julie A. Dadoun

Karen S. Fowell

Leary E. Peterson

Michael C. Curran

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LEGAL TERMS

INCOMPETENCE

CERTIFICATION OF TRUST

RESIDUARY BENEFICIARY

BENEFICIARY

PER STIRPES

CURATOR

STATUTORY SHARE

GENERATION-SKIPPING TRANSFER TAX

POUR-OVER WILL

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