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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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Michael C. Meyer

Real Estate, Estate, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

111 Grant St, Marion, WI 54950

Jerome P. Tlusty

Landlord-Tenant, Estate, Employment, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 55 Years

CONTACT

1155 Grand Ave, Schofield, WI 54476

Michael K. Dirks

Litigation, Wills & Probate, Employment Discrimination, Divorce & Family Law

Status: Inactive Licensed: 20 Years

CONTACT

1155 Grand Ave, Schofield, WI 54476

Daniella Mogg

Trusts, Civil Rights, Contract, Credit & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

Stevens Point, WI 54481

Torren K. Pies

Landlord-Tenant, Traffic, Dispute Resolution, Estate

Status: In Good Standing Licensed: 40 Years

CONTACT

1257 Main Street, Stevens Point, WI 54481

Mark S. Henkel

Traffic, Lawsuit & Dispute, Wills & Probate, Employment

Status: In Good Standing

CONTACT

3133 Church St, Stevens Point, WI 54481

David A. Ray

Landlord-Tenant, Traffic, Lawsuit & Dispute, Estate

Status: In Good Standing

CONTACT

2900 Hoover Rd, Stevens Point, WI 54481

Alfonso Jose Borgen

Family Law, Estate Planning, Other

Status: In Good Standing Licensed: 9 Years

CONTACT

Stevens Point, WI 54481

Heather M. Huebner

Real Estate, Estate, Business

Status: In Good Standing

CONTACT

1257 Main St, Stevens Point, WI 54481

Patrick L. Crooks

Real Estate, Estate, Accident & Injury

Status: In Good Standing Licensed: 67 Years

CONTACT

1510 Adams Ct, Wausau, WI 54403

800-923-0641

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LEGAL TERMS

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

SURROGATE COURT

See probate court.

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.

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.

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.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

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Elderon Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael C. Meyer

Jerome P. Tlusty

Michael K. Dirks

Daniella Mogg

Torren K. Pies

Mark S. Henkel

David A. Ray

Alfonso Jose Borgen

Heather M. Huebner

Patrick L. Crooks

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LEGAL TERMS

INVESTOR

ADEMPTION

ADMINISTRATION (OF AN ESTATE)

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

SURROGATE COURT

SPENDTHRIFT TRUST

POUR-OVER WILL

SUCCESSION

QDOT TRUST

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