Cudahy Estate Lawyer, Wisconsin

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Abraham Michelson
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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John A. Zodrow

Estate, Residential Real Estate, Power of Attorney, Landlord-Tenant

Status: In Good Standing Licensed: 42 Years

CONTACT

5925 S Robert Ave, Cudahy, WI 53110

Thomas K. Hackbart

International, Wills & Probate, Estate Planning, Guardianships & Conservatorships

Status: In Good Standing Licensed: 48 Years

CONTACT

1333 College Ave, South Milwaukee, WI 53172

Patricia D. Jursik

Real Estate, Government, Estate

Status: In Good Standing Licensed: 45 Years

CONTACT

4535 S Sheridan Drive, Cudahy, WI 53110

Michael W. Fleming

Government, Estate, Employment

Status: In Good Standing Licensed: 59 Years

CONTACT

131 W Layton Ave, Milwaukee, WI 53207

Patricia M. Cavey

Estate Planning, Child Custody, Consumer Rights, Elder Law

Status: In Good Standing Licensed: 36 Years

CONTACT

Milwaukee, WI 53207

Alicia L. Lugauer

Estate

Status: In Good Standing Licensed: 25 Years

CONTACT

908 E Idaho St, Milwaukee, WI 53207

Mark Richard Cummisford

Estate Administration, Residential Real Estate, Foreclosure, Contract, Child Support

Status: In Good Standing Licensed: 23 Years

CONTACT

7071 S 13Th St, Oak Creek, WI 53154

Amy M. Burger

Estate, Employment, Car Accident

Status: In Good Standing

CONTACT

3035 E Stonefield Dr, Oak Creek, WI 53154

Ruthann M. Driscoll

Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

Milwaukee, WI 53234

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.

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.'

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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.'

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).

CREDIT SHELTER TRUST

See AB trust.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

NET ESTATE

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

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

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Cudahy Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John A. Zodrow

Thomas K. Hackbart

Patricia D. Jursik

Michael W. Fleming

Patricia M. Cavey

Alicia L. Lugauer

Mark Richard Cummisford

Amy M. Burger

Ruthann M. Driscoll

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LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

TRUST CORPUS

AUGMENTED ESTATE

LIVING TRUST

PER CAPITA

CREDIT SHELTER TRUST

SUCCESSION

NET ESTATE

HEIR APPARENT

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