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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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Ernest O. Hanson

Estate Planning, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

505 King Street, La Crosse, WI 54602

Julie A. Dadoun

Federal, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 7 Years

CONTACT

Richland Center, WI 53581

Timothy Brian Gifford

Estate, Employment, Divorce & Family Law, Criminal

Status: In Good Standing

CONTACT

136 N Main St, Richland Center, WI 53581

James J. Robb

Estate, Real Estate

Status: In Good Standing Licensed: 51 Years

CONTACT

274 N Central Ave, Richland Center, WI 53581

Karen S. Fowell

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 43 Years

CONTACT

297 N Central Ave, Richland Center, WI 53581

Kevin M. Connelly

Estate, Real Estate, Real Estate Other, Wills & Probate

Status: In Good Standing Licensed: 36 Years

CONTACT

201 S Main St, Westby, WI 54667

Gregory M. Lunde

Commercial Real Estate, Wills, Elder Law

Status: In Good Standing Licensed: 43 Years

CONTACT

210 N Main St, Westby, WI 54667

Eric Hagen

Motor Vehicle, Municipal, Science, Technology & Internet, Business, Estate Planning

Status: In Good Standing Licensed: 7 Years

CONTACT

1038 Lincoln Ave, Fennimore, WI 53809

Michael W. Rohr

Estate Planning, Employment, Corporate, Business Organization

Status: In Good Standing Licensed: 38 Years

CONTACT

16535 W Bluemound Road, Brookfield, WI 53005

Gordon E Stillings

Wills & Probate, Family Law, Child Support, Elder Law

Status: In Good Standing Licensed: 42 Years

CONTACT

251 E Wisconsin Ave, Neenah, WI 54957

800-923-0641

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LEGAL TERMS

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

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.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

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.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

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Soldiers Grove Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ernest O. Hanson

Julie A. Dadoun

Timothy Brian Gifford

James J. Robb

Karen S. Fowell

Kevin M. Connelly

Gregory M. Lunde

Eric Hagen

Michael W. Rohr

Gordon E Stillings

TIPS

LEGAL TERMS

HEIR APPARENT

REMAINDERMAN

GENERATION-SKIPPING TRANSFER TAX

TAKING AGAINST THE WILL

ADEMPTION

HEIR AT LAW

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

ALTERNATE BENEFICIARY

BANKRUPTCY ESTATE

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