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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
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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Anton B. Nickolai

Estate Planning, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

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308 Milwaukee Ave, Burlington, WI 53105

John V. Burns

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

1111 East Sumner Street, Hartford, WI 53027

William F. Mundt

Wills & Probate, Business Organization, Estate Planning, Employment

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Michael Gibbs

Personal Injury, Animal Bite, Wills & Probate, Wrongful Death

Status: In Good Standing

CONTACT

104 South Main Street, Fond Du Lac, WI 54935

Elizabeth Ruthmansdorfer

Wills & Probate, Corporate, Estate Planning, Real Estate

Status: In Good Standing

CONTACT

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

Scott A. Kissinger

Estate Planning

Status: In Good Standing

CONTACT

703 5th Avenue, Eau Claire, WI 54702

Emily Dudak Taylor

Family Law, Civil Rights, Wills, Trusts

Status: In Good Standing

CONTACT

450 S Yellowstone Drive, Madison, WI 53719

Peter J. Hoeper

Lawsuit & Dispute, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing

CONTACT

512 East Main Street, Waupun, WI 53963

Eve E. Dennison Pollock

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

Status: In Good Standing

CONTACT

110 E. Main St., 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

800-923-0641

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LEGAL TERMS

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.

NET ESTATE

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

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

IRREVOCABLE TRUST

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

FUNDING A TRUST

Transferring ownership of property to a trust.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

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.

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Wisconsin Estate Lawyer List, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anton B. Nickolai

John V. Burns

William F. Mundt

Michael Gibbs

Elizabeth Ruthmansdorfer

Scott A. Kissinger

Emily Dudak Taylor

Peter J. Hoeper

Eve E. Dennison Pollock

Rachel L Govin

TIPS

LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

NET ESTATE

DISTRIBUTEE

IN TERROREM

FAMILY ALLOWANCE

IRREVOCABLE TRUST

FUNDING A TRUST

SELF-PROVING WILL

FINAL BENEFICIARY

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