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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Christopher M. Miller

Criminal, Estate Planning, Family Law, Insurance

Status: In Good Standing

CONTACT

1111 East Sumner Street, Hartford, WI 53027

John V. Burns

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

1111 East Sumner Street, Hartford, WI 53027

Peter J. Hoeper

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

Status: In Good Standing

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512 East Main Street, Waupun, WI 53963

Allen Wilmer Larson

Landlord-Tenant, Real Estate, Estate, Divorce, Corporate

Status: In Good Standing Licensed: 28 Years

CONTACT

117 N Second St, Watertown, WI 53094

Beau Bettiga

Estate Planning, Real Estate Other, Business, Estate

Status: In Good Standing

CONTACT

136 Hospital Dr, Watertown, WI 53098

Beth Ann Huber

Litigation, Lawsuit & Dispute, Estate Planning, Labor Law, Employee Rights

Status: In Good Standing Licensed: 28 Years

CONTACT

N1131 County Rd L, Watertown, WI 53098

C Michael Hausman

Estate, Employment, Business, Accident & Injury

Status: In Good Standing Licensed: 58 Years

CONTACT

608 Saint Johns Dr, Delafield, WI 53018

Charles Francis Hart

Commercial Bankruptcy, Health Care, Elder Law, Family Law, Estate Planning

Status: In Good Standing Licensed: 45 Years

CONTACT

2777 Mission Rd, Nashotah, WI 53058

Charles J. Herro

Real Estate, Estate Planning, Corporate, Wills & Probate

Status: Inactive Licensed: 75 Years

CONTACT

156 E Wisconsin Ave, Oconomowoc, WI 53066

Dawid T. Szymanski

Estate, Divorce & Family Law, Civil Rights, Personal Injury

Status: In Good Standing Licensed: 9 Years

CONTACT

116 S Main St, Mayville, WI 53050

800-923-0641

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LEGAL TERMS

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.

IRREVOCABLE TRUST

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

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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Hustisford Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Christopher M. Miller

John V. Burns

Peter J. Hoeper

Allen Wilmer Larson

Beau Bettiga

Beth Ann Huber

C Michael Hausman

Charles Francis Hart

Charles J. Herro

Dawid T. Szymanski

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LEGAL TERMS

SUCCESSION

IRREVOCABLE TRUST

AB TRUST

WARRANTY DEED

SPECIFIC BEQUEST

ADEMPTION

RESIDUARY BENEFICIARY

DISTRIBUTEE

PUBLIC ADMINISTRATOR

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