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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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Alf Langan

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Green Bay Estate Lawyer

Licensed in Wisconsin, Illinois, Federal Eastern District of Wisconsin, and U.S. Tax Court

Mr. Langan is a Criminal Lawyer serving Green Bay, Wisconsin and the surrounding areas. He has been practicing law for over 20 years.

FREE CONSULTATION

CONTACT

800-382-0901

2643 Libal St, Green Bay, WI 54301

John A. Ward

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Kenosha Estate Lawyer

Some lawyers focus on plea bargaining. Others concentrate on mediation. At the office of John Anthony Ward, Attorney at Law, we are not afraid of a fi... (more)

CONTACT

262-205-6599

3636 80th Street, Kenosha, WI 53142

Angela M. Frozena

Kenosha Estate Lawyer

Attorney Angela Frozena brings 15 years of diverse experience to serve the people of Kenosha County and eastern Wisconsin. A native of northeastern... (more)

CONTACT

262-237-8668

6633 Green Bay Road, Suite 4, Kenosha, WI 53142

Garett T. Pankratz

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La Crosse Estate Lawyer

Garett joined the firm in 2012 and practices mostly in the area of workers‘ compensation and personal injury. He enjoys hunting, fishing, hiking,... (more)

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CONTACT

608-784-3540

505 King St, La Crosse, WI 54601

Thomas S. Vercauteren

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Madison Estate Lawyer

Tom Vercauteren came to Hurley, Burish, S.C. after five years in trust and estate administration. His experience on the administrative side helps him ... (more)

CONTACT

608-257-0945

33 East Main Street, Madison, WI 53701

Randall L. Nash

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Milwaukee Estate Lawyer

Randy uses his extensive litigation experience to represent clients in the prosecution and defense of complex commercial litigation matters. He has se... (more)

CONTACT

414-347-5612

250 E Wisconsin Ave, Milwaukee, WI 53202

David D Patton

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Racine Estate Lawyer

A versatile, innovative, and adaptable attorney with an attitude of service and broad experience who meets challenges with open-eyed optimism and solu... (more)

FREE CONSULTATION

CONTACT

800-934-1321

1636 Taylor Ave, Racine, WI 53403

Paul Bucher

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Waukesha Estate Lawyer

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

Waukesha Estate Lawyer

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)

FREE CONSULTATION

CONTACT

262-232-6699

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

Nicholas R. Abts

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Wisconsin Rapids Estate Lawyer

Nicholas practices law in central Wisconsin, serving clients in Wood County, Portage County and the surrounding area. He focus on estate planning, bus... (more)

FREE CONSULTATION

CONTACT

800-917-5711

321 Market Street, Wisconsin Rapids, WI 54495

800-923-0641

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LEGAL TERMS

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

CURATOR

See conservator.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

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Wisconsin Estate Lawyer List

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Alf Langan

John A. Ward

Angela M. Frozena

Garett T. Pankratz

Thomas S. Vercauteren

Randall L. Nash

David D Patton

Paul Bucher

Peter M. Wolff

Nicholas R. Abts

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LEGAL TERMS

ALTERNATE BENEFICIARY

GRANTOR RETAINED INCOME TRUST

QTIP TRUST

SPRINKLING TRUST

CURATOR

FINAL BENEFICIARY

TRUST CORPUS

ESTATE TAXES

WILL

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