Kenosha County, WI Estate Lawyers

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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
Bankruptcy, Chapter 7, Chapter 13
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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
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John A. Ward

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Criminal, Bankruptcy & Debt, Estate, Divorce & Family Law, DUI-DWI

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

Estate, Wills, Estate Planning, Estate Administration, Trusts

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

Terry L. Constant

Accident & Injury, Criminal, Divorce & Family Law, Employment, Estate

Status: In Good Standing Licensed: 57 Years

CONTACT

4124 7th Avenue, Kenosha, WI 53140

Thomas A. Camilli

Real Estate, Litigation, Estate, Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

6301 Green Bay Rd, Kenosha, WI 53142

Terry W Rose

Wills & Probate, Family Law, Criminal, Accident & Injury

Status: In Good Standing

CONTACT

5529 6th Ave, Kenosha, WI 53140

Paul B. Wokwicz

Real Estate, Trusts, Estate Planning, Family Law

Status: In Good Standing Licensed: 68 Years

CONTACT

6121 Green Bay Rd, Kenosha, WI 53142

Paul F Wokwicz

Education, Wills, Wills & Probate, Bankruptcy

Status: In Good Standing Licensed: 68 Years

CONTACT

6121 Green Bay Rd, Kenosha, WI 53142

800-923-0641

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LEGAL TERMS

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

CURATOR

See conservator.

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.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

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.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

IRREVOCABLE TRUST

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

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

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Kenosha County, WI Estate Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John A. Ward

Angela M. Frozena

Terry L. Constant

Thomas A. Camilli

Terry W Rose

Paul B. Wokwicz

Paul F Wokwicz

TIPS

LEGAL TERMS

INHERITANCE TAXES

CURATOR

ADEMPTION

TRUST DEED

QTIP TRUST

GROSS ESTATE

INTER VIVOS TRUST

IRREVOCABLE TRUST

EXEMPTION TRUST

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