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Abraham Michelson
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203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Thomas S. Vercauteren

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Estate, Wills & Probate

Tom Vercauteren came to Hurley, Burish, S.C. after five years in trust and estate administration. His experience on the administrative side helps him ... (more)

CONTACT

608-257-0945

33 East Main Street, Madison, WI 53701

Bryan D. Woods

Corporate, Litigation, Wills & Probate, Real Estate

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Christopher S. Krimmer

Wills, Family Law, Divorce, Civil Rights

Status: In Good Standing

CONTACT

131 West Wilson Street, Madison, WI 53703

Eve E. Dennison Pollock

Family Law, Banking & Finance, Wills & Probate, Government Agencies

Status: In Good Standing

CONTACT

110 E. Main St., Madison, WI 53703

Holly J. Slota

Wills, Collaborative Law, Family Law, Divorce

Status: In Good Standing

CONTACT

131 West Wilson Street, Madison, WI 53703

Howard A. Sweet

Wills & Probate, Corporate, Business Organization, Estate Planning

Status: In Good Standing

FREE CONSULTATION

CONTACT

33 East Main Street, Madison, WI 53703

Joe Cavitt

Family Law, Employment, Estate Planning, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

33 East Main Street, Madison, WI 53703

Jonathan P. Bruni

Wills & Probate, Corporate, Wills, Contract

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Lawrence E. Bechler

Land Use & Zoning, Real Estate, Wills & Probate, Estate Planning

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Linda Roberson

Family Law, Wills & Probate, Civil Rights, Wills

Status: In Good Standing

CONTACT

131 West Wilson Street, Madison, WI 53703

800-923-0641

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LEGAL TERMS

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.

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.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

HEIR APPARENT

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

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.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

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Columbus Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Thomas S. Vercauteren

Bryan D. Woods

Christopher S. Krimmer

Eve E. Dennison Pollock

Holly J. Slota

Howard A. Sweet

Joe Cavitt

Jonathan P. Bruni

Lawrence E. Bechler

Linda Roberson

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LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

ADEMPTION

ABATEMENT

HEIR APPARENT

AUGMENTED ESTATE

LETTERS TESTAMENTARY

TRUSTEE

EXEMPTION TRUST

FAMILY ALLOWANCE

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