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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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Scott A. Kissinger

Estate Planning

Status: In Good Standing

CONTACT

703 5th Avenue, Eau Claire, WI 54702

Raymond K. Hughes

Tax, Real Estate, Estate, Employment, Divorce & Family Law

Status: In Good Standing Licensed: 32 Years

CONTACT

130 S Barstow St, Eau Claire, WI 54701

Sarah M. Donnellan

Divorce & Family Law, Accident & Injury, Estate, Social Security -- Disability

Status: In Good Standing Licensed: 21 Years

CONTACT

306 S Barstow St, Eau Claire, WI 54701

Vanessa Klemish

Litigation, Lawsuit & Dispute, Estate, Business

Status: In Good Standing Licensed: 14 Years

CONTACT

826 South Hastings Way, Eau Claire, WI 54701

Mary Beth Gardner

Real Estate, Trusts, Elder Law, Family Law

Status: In Good Standing Licensed: 35 Years

CONTACT

2411 N Hillcrest Pkwy, Altoona, WI 54720

Janet M. McDonough

Bankruptcy & Debt, Divorce & Family Law, Estate

Status: In Good Standing Licensed: 28 Years

CONTACT

103 North Bridge Street, Chippewa Falls, WI 54729

Robert L. Oesterreicher

Business, Real Estate, Estate Planning

Status: Inactive Licensed: 49 Years

CONTACT

Eau Claire, WI 54702

Carol Dittmar

Estate Planning, Estate, Employment, Accident & Injury

Status: In Good Standing Licensed: 39 Years

CONTACT

24 W Cedar St, Chippewa Falls, WI 54729

Ardis A. Cray

Criminal, Family Law, Estate Planning, Bankruptcy

Status: Inactive Licensed: 47 Years

CONTACT

12259 65Th Ave, Chippewa Falls, WI 54729

Roger M Hillestad

Real Estate, Wills & Probate, Trusts, Criminal

Status: In Good Standing Licensed: 37 Years

CONTACT

308 3rd Ave W, Durand, WI 54736

800-923-0641

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LEGAL TERMS

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

NET ESTATE

The value of all property owned at death less liabilities or debts.

SECONDARY MEANING

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use ... (more...)

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use and exposure in the marketplace. For example, though first names are not generally considered inherently distinctive, Ben & Jerry's Ice Cream has become so well known that it is now entitled to maximum trademark protection.

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.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

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Elk Mound Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Scott A. Kissinger

Raymond K. Hughes

Sarah M. Donnellan

Vanessa Klemish

Mary Beth Gardner

Janet M. McDonough

Robert L. Oesterreicher

Carol Dittmar

Ardis A. Cray

Roger M Hillestad

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LEGAL TERMS

INTESTATE

CONSERVATOR

TESTAMENTARY TRUST

NET ESTATE

SECONDARY MEANING

ADEMPTION

POWER OF APPOINTMENT

IRREVOCABLE TRUST

EXEMPTION TRUST

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