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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
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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
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Michael Gibbs

Personal Injury, Animal Bite, Wills & Probate, Wrongful Death

Status: In Good Standing

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104 South Main Street, Fond Du Lac, WI 54935

Michael R. McCanna

Arbitration, Corporate, Environmental Law, Estate Planning

Status: In Good Standing

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47 Park Place, Appleton, WI 54912

Don R. Herrling

Wills & Probate, Estate Planning, Family Law, Elder Law

Status: In Good Standing

FREE CONSULTATION

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800 N. Lynndale Drive, Appleton, WI 54914

Roger W. Clark

Personal Injury, Divorce & Family Law, Estate Planning, Business

Status: In Good Standing

FREE CONSULTATION

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800 N. Lynndale Drive, Appleton, WI 54914

Andrew Wagener

Accident & Injury, Estate, Business

Status: In Good Standing

FREE CONSULTATION

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W6260 Communication Court, Appleton, WI 54914

Susan H. Schleisner

Estate, Divorce & Family Law, Civil & Human Rights, Business

Status: In Good Standing Licensed: 34 Years

CONTACT

104 Washington St, Elkhart Lake, WI 53020

Joseph D. Kaufman

Business, Bankruptcy & Debt, Employment, Estate, Lawsuit & Dispute

Status: In Good Standing Licensed: 43 Years

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N8442 Muirfield Way, Menasha, WI 54952

Charles E. Williams

Real Estate, Wills & Probate, Trusts, Personal Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

128 State St, Oshkosh, WI 54901

Ryan M. Plisch

Business, Estate, Real Estate, Wills & Probate

Status: In Good Standing Licensed: 14 Years

CONTACT

210 N Main St, Oshkosh, WI 54903

John M. Kelly

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

Status: In Good Standing Licensed: 50 Years

CONTACT

1 Pearl Ave, Oshkosh, WI 54903

800-923-0641

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LEGAL TERMS

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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.

FAMILY POT TRUST

See pot trust.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

Chilton Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael Gibbs

Michael R. McCanna

Don R. Herrling

Roger W. Clark

Andrew Wagener

Susan H. Schleisner

Joseph D. Kaufman

Charles E. Williams

Ryan M. Plisch

John M. Kelly

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LEGAL TERMS

FUNDING A TRUST

ALTERNATE BENEFICIARY

PROBATE

SPECIFIC BEQUEST

AB TRUST

SUMMARY PROBATE

FAMILY POT TRUST

PREDECEASED SPOUSE

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