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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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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Thomas G. Richman

Estate Planning, Estate, Wills

Status: In Good Standing Licensed: 14 Years

CONTACT

150 E Fitzsimmons Rd, Oak Creek, WI 53154

Christopher R. Smith

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

Status: In Good Standing Licensed: 20 Years

FREE CONSULTATION

CONTACT

4377 West Loomis Road, Greenfield, WI 53220

Chris Hueneke

Wills & Probate, Family Law, Consumer Rights, Personal Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

4377 W. Loomis Road, Milwaukee, WI 53220

Theodore D. Kafkas

Estate, Elder Law, Business, Real Estate

Status: In Good Standing Licensed: 34 Years

CONTACT

Franklin, WI 53132

Chris J. Smith

Personal Injury, Criminal, Family Law, Estate

Status: In Good Standing Licensed: 12 Years

CONTACT

4377 West Loomis Road, Milwaukee, WI 53220

Thomas K. Hackbart

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

Status: In Good Standing Licensed: 47 Years

CONTACT

1333 College Ave, South Milwaukee, WI 53172

Patricia M. Cavey

Estate Planning, Child Custody, Consumer Rights, Elder Law

Status: In Good Standing Licensed: 36 Years

CONTACT

Milwaukee, WI 53207

Nicholas J. DeStefanis

Bankruptcy & Debt, Criminal, Divorce & Family Law, Accident & Injury, Estate

Status: In Good Standing Licensed: 17 Years

CONTACT

1126 S. 70th Street, West Allis, WI 53214

Paul A Maranan

Wills & Probate, Estate Planning, Family Law, Child Support

Status: In Good Standing Licensed: 38 Years

CONTACT

4111 S Howell Ave, Milwaukee, WI 53207

Lorin M. Schuchardt

Immigration, Estate, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1126 S 70Th St, Milwaukee, WI 53214

800-923-0641

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

FAMILY POT TRUST

See pot trust.

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.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

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.

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.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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Oak Creek Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Thomas G. Richman

Christopher R. Smith

Chris Hueneke

Theodore D. Kafkas

Chris J. Smith

Thomas K. Hackbart

Patricia M. Cavey

Nicholas J. DeStefanis

Paul A Maranan

Lorin M. Schuchardt

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

ADMINISTRATRIX

FAMILY POT TRUST

INVESTOR

ALTERNATE BENEFICIARY

SUMMARY PROBATE

QDOT TRUST

IN TERROREM

RESIDUARY ESTATE

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