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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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Jay D. Moretti

Wills & Probate, Estate, Divorce, Child Custody

Status: In Good Standing Licensed: 53 Years

CONTACT

2312 Jovina St, Cross Plains, WI 53528

Donna Ann Weikert

Government, Wills & Probate, Estate, Divorce

Status: In Good Standing Licensed: 37 Years

CONTACT

3302 Bethlehem Rd, Dodgeville, WI 53533

Tammy Koester Parks

Estate

Status: In Good Standing Licensed: 38 Years

CONTACT

6474 State Road 78, Mazomanie, WI 53560

Patrick J. Taggart

Real Estate, Estate, Criminal, Business

Status: In Good Standing

CONTACT

1730 Community Dr, Sauk City, WI 53583

Tim Greenwood

Divorce & Family Law, Estate Planning, Estate, Real Estate

Status: In Good Standing

CONTACT

1730 Community Dr, Sauk City, WI 53583

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

Michael C. Curran

Criminal, Divorce & Family Law, Estate, Real Estate

Status: In Good Standing Licensed: 16 Years

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115 N Washington St, Spring Green, WI 53588

800-923-0641

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LEGAL TERMS

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving 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 capita, Julie and the two grandchildren will each take a third. If, on the other hand, 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).

CERTIFICATION OF TRUST

See abstract of trust.

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.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

NET ESTATE

The value of all property owned at death less liabilities or debts.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

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Ridgeway Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jay D. Moretti

Donna Ann Weikert

Tammy Koester Parks

Patrick J. Taggart

Tim Greenwood

Boyd Gibbons

Donald R. Stroud

Michael C. Curran

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LEGAL TERMS

SPENDTHRIFT TRUST

DISTRIBUTEE

PER CAPITA

CERTIFICATION OF TRUST

PROBATE

BEQUEATH

TRUST DEED

NET ESTATE

ABSTRACT OF TRUST

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