Upson Estate Planning Lawyer, Wisconsin

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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.
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Includes: Gift Taxation

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John R. Carlson

Estate, Real Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

122 W Bayfield St, Washburn, WI 54891

Ryan Long

Real Estate, Estate Planning, Elder Law

Status: In Good Standing Licensed: 12 Years

CONTACT

522 Chapple Ave, Ashland, WI 54806

Richard Lavigne

Wills & Probate, Business, State Appellate Practice, Estate Planning

Status: In Good Standing

CONTACT

Ashland, WI 54806

Paul A. Sturgul

Estate, Government

Status: In Good Standing Licensed: 51 Years

CONTACT

504 Poplar Street, Hurley, WI 54534

Scott A. Reinhard

Lawsuit & Dispute, Estate, Divorce & Family Law, Criminal

Status: In Good Standing

CONTACT

170 4th Ave N, Park Falls, WI 54552

Deborah M. Richter

Real Estate, Estate, Workers' Compensation, Accident & Injury, Elder Law

Status: In Good Standing Licensed: 7 Years

CONTACT

984 4Th Ave S, Park Falls, WI 54552

Alex Mohrbacher

Divorce & Family Law, Estate, Property Damage, Business, Tax

Status: In Good Standing

CONTACT

404 Main St W, Ashland, WI 54806

Kenneth W. Ryder

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

200 Chapple Ave, Ashland, WI 54806

Denise E. Ciebien

Lawsuit & Dispute, Government, Estate

Status: In Good Standing Licensed: 30 Years

CONTACT

317 West Main Street, Ashland, WI 54806

Jack A. Carlson

Commercial Real Estate, Litigation, Wills & Probate, Family Law

Status: In Good Standing Licensed: 49 Years

CONTACT

122 W Bayfield St, Washburn, WI 54891

800-923-0641

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LEGAL TERMS

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

FUNDING A TRUST

Transferring ownership of property to a trust.

SURROGATE COURT

See probate court.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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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Upson Estate Planning Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John R. Carlson

Ryan Long

Richard Lavigne

Paul A. Sturgul

Scott A. Reinhard

Deborah M. Richter

Alex Mohrbacher

Kenneth W. Ryder

Denise E. Ciebien

Jack A. Carlson

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LEGAL TERMS

CONSERVATOR

MARITAL LIFE ESTATE TRUST

BANKRUPTCY ESTATE

PROBATE

FUNDING A TRUST

SURROGATE COURT

DOWER AND CURTESY

AUGMENTED ESTATE

RESIDUARY ESTATE

SAMPLE LEGAL CASES

Tensfeldt v. Haberman

IN THE ESTATE OF DERZON

IN RE THE ESTATE OF HECK

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