Milwaukee Estate Planning 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.
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Includes: Gift Taxation

Paul Bucher

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Accident & Injury, Criminal, Juvenile Law, Estate Planning, Trusts

Over 100 years of combined experience at firm.

Mr. Bucher has been practicing law in Wisconsin since 1981. His area of practice includes complex litigation, criminal defense, personal injury, gover... (more)

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CONTACT

262-232-6699

711 W. Moreland Blvd, Waukesha, WI 53188

Peter M. Wolff

Criminal, Divorce & Family Law, Juvenile Law, DUI-DWI, Estate Planning

We Fight For The Rights Of Our Clients

Attorney Peter M. Wolff is a managing partner at Bucher, Wolff & Sonderhouse, LLP that focuses on criminal defense and family law. Before Peter was a ... (more)

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CONTACT

262-232-6699

711 W. Moreland Blvd. Suite 100, Waukesha, WI 53188

Elizabeth Ruthmansdorfer

Wills & Probate, Corporate, Estate Planning, Real Estate

Status: In Good Standing

CONTACT

One Plaza East, 330 East Kilbourn Avenue, Milwaukee, WI 53202

Robert L. Wilkins

Wills & Probate, Trusts, Business Organization, Estate Planning

Status: In Good Standing

CONTACT

One Plaza East, 330 East Kilbourn Avenue, Milwaukee, WI 53202

Tamara N. Jackson

Estate Planning, Family Law, Elder Law, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

2200 N. Mayfair Road, Milwaukee, WI 53226

David A Wanta

Estate Planning, Family Law, Criminal, Personal Injury, Divorce

Status: In Good Standing

FREE CONSULTATION

CONTACT

14380 West Capitol Drive, Brookfield, WI 53005

Stephen A Hartman

Real Estate, Wills & Probate, Estate Planning, Business Organization

Status: In Good Standing

FREE CONSULTATION

CONTACT

14380 West Capitol Drive, Brookfield, WI 53005

Mark C. Young

Real Estate, Wills & Probate, Estate Planning, Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

14380 West Capitol Drive, Brookfield, WI 53005

James Gilbert Rappis

General Practice

Status: In Good Standing Licensed: 31 Years

CONTACT

10700 W Research Dr, Milwaukee, WI 53226

James Greer Black

Commercial Real Estate, Estate Planning, Business & Trade, Corporate

Status: In Good Standing Licensed: 3 Years

CONTACT

949 Glenview Ave, Milwaukee, WI 53213

800-923-0641

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LEGAL TERMS

IRREVOCABLE TRUST

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

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

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.

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.

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.

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.

BENEFICIARY

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

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

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Milwaukee Estate Planning Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Paul Bucher

Peter M. Wolff

Elizabeth Ruthmansdorfer

Robert L. Wilkins

Tamara N. Jackson

David A Wanta

Stephen A Hartman

Mark C. Young

James Gilbert Rappis

James Greer Black

TIPS

LEGAL TERMS

IRREVOCABLE TRUST

TRUSTEE

ESTATE PLANNING

POUR-OVER WILL

RESIDUARY ESTATE

PROBATE

BENEFICIARY

GROSS ESTATE

LIVING TRUST

SAMPLE LEGAL CASES

Tensfeldt v. Haberman

IN THE ESTATE OF DERZON

IN RE THE ESTATE OF HECK

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