Pickett Estate Lawyer, Wisconsin

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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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Anita Boor

Estate Planning, Environmental Law Other, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 10 Years

CONTACT

33 E Main St, Madison, WI 53703

Ava Miller Bortin

Real Estate, Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

5894 Steele Road, Burlington, WI 53105

Benjamin D. Brand

Real Estate, Government, Estate, Business, Workers' Compensation

Status: In Good Standing Licensed: 8 Years

CONTACT

303 Pearl Ave, Oshkosh, WI 54903

Charles E. Williams

Real Estate, Wills & Probate, Trusts, Personal Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

128 State St, Oshkosh, WI 54901

Darryl L. Boyer

International, Industry Specialties, Estate, Business

Status: In Good Standing Licensed: 65 Years

CONTACT

9820 W Concordia Ave, Milwaukee, WI 53222

Douglas K. Marone

Real Estate, Estate, Employment, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

107 Church Ave, Oshkosh, WI 54903

Francis M. Boyle

Real Estate, Government, Estate, Business

Status: In Good Standing Licensed: 59 Years

CONTACT

N2619 Shore Dr, Marinette, WI 54143

Francis M. Boyle

Real Estate, Government, Estate, Business

Status: In Good Standing Licensed: 59 Years

CONTACT

N2619 Shore Dr, Marinette, WI 54143

John M. Kelly

Estate, Criminal, Malpractice, Car Accident, Accident & Injury

Status: In Good Standing Licensed: 50 Years

CONTACT

1 Pearl Ave, Oshkosh, WI 54903

Julie M. Bogle

Income Tax, Federal Employees, Trusts, Corporate

Status: In Good Standing Licensed: 26 Years

CONTACT

1 Erdman Pl, Madison, WI 53717

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.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living 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 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). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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.

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Pickett Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anita Boor

Ava Miller Bortin

Benjamin D. Brand

Charles E. Williams

Darryl L. Boyer

Douglas K. Marone

Francis M. Boyle

Francis M. Boyle

John M. Kelly

Julie M. Bogle

TIPS

LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

INVENTORY

PER STIRPES

KINDRED

EXECUTOR

FAILURE OF ISSUE

ANCILLARY PROBATE

ESTATE TAXES

IN TERROREM

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