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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

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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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Emily Dudak Taylor

Family Law, Civil Rights, Wills, Trusts

Status: In Good Standing

CONTACT

450 S Yellowstone Drive, Madison, WI 53719

Stephen R. Tumbush

Landlord-Tenant, Trusts, Merger & Acquisition, Contract

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Richard W. Pitzner

Wills & Probate, Trusts, Family Law, Corporate

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Kathleen A. Kjorlie

Estate Planning, Wills & Probate, Residential Real Estate, Trusts

Status: In Good Standing Licensed: 16 Years

CONTACT

8500 Greenway Blvd, Middleton, WI 53562

Sonja A. Lee

Real Estate, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 31 Years

CONTACT

440 Science Drive, Madison, WI 53711

Iris M. Christenson

Real Estate, Wills & Probate, Trusts, Elder Law

Status: In Good Standing Licensed: 34 Years

CONTACT

2997 Yarmouth Greenway Dr, Madison, WI 53711

Andrew J. Pascaly

Real Estate, Trusts, Gift Taxation, Corporate

Status: In Good Standing

CONTACT

25 West Main Street, Madison, WI 53701

Steven E. Grimm

Corporate, Employment, Trusts, Business Organization

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Rebecca May Orvick

Commercial Real Estate, Trusts, Business & Trade, Commercial Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

2 E Mifflin St, Madison, WI 53701

Lloyd J. Blaney

Real Estate, Wills & Probate, Trusts, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 43 Years

CONTACT

3602 Atwood Ave, Madison, WI 53714

800-923-0641

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LEGAL TERMS

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.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

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.

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.

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.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST ELVERMAN

... 2 The OLR's complaint had also alleged that by receiving $230,000 in co-trustee fees for work performed on trusts and failing to turn ... 6 In October 1992 Attorney Elverman started as an associate at Quarles & Brady. He was a member of the firm's trusts and estates group. ...

Stevenson v. Stevenson

... [2] It is undisputed that although Jeffery did not report to the trial court that he had interest in any trusts on the date that the parties ... Of the four trusts, the Jane B. Cook 1968 Trust, the Stevenson Children's 1969 Trust and the Jeffery B. Stevenson 1976 Trust were created by others. ...

Hedlund v. WISCONSIN DEPARTMENT OF HEALTH SERVICES

... Stat. Â§ 49.47(4)(b)3g.e. Section 49.454 governs the treatment of trusts. ... Stat. Â§ 49.454(1)(a)4, trusts established with the individual's assets are included even if established by someone other than the individual or person with legal authority to act on behalf of the individual. ...

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Arena Trusts Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Emily Dudak Taylor

Stephen R. Tumbush

Richard W. Pitzner

Kathleen A. Kjorlie

Sonja A. Lee

Iris M. Christenson

Andrew J. Pascaly

Steven E. Grimm

Rebecca May Orvick

Lloyd J. Blaney

TIPS

LEGAL TERMS

REMAINDERMAN

CONTINGENT BENEFICIARY

RESIDUARY ESTATE

TAKING AGAINST THE WILL

QTIP TRUST

ENDOWMENT INSURANCE

PUBLIC ADMINISTRATOR

PROBATE COURT

BYPASS TRUST

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST ELVERMAN

Stevenson v. Stevenson

Hedlund v. WISCONSIN DEPARTMENT OF HEALTH SERVICES

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