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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
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
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Donna Ann Weikert

Government, Wills & Probate, Estate, Divorce

Status: In Good Standing Licensed: 37 Years

CONTACT

3302 Bethlehem Rd, Dodgeville, WI 53533

Michael C. Curran

Criminal, Divorce & Family Law, Estate, Real Estate

Status: In Good Standing Licensed: 17 Years

FREE CONSULTATION

CONTACT

115 N Washington St, Spring Green, WI 53588

Donald R. Stroud

Real Estate, Estate, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

121 W Jefferson St, Spring Green, WI 53588

Boyd Gibbons

General Practice

Status: Retired Licensed: 62 Years

CONTACT

5799 Lakeview Rd, Spring Green, WI 53588

Eric Hagen

Motor Vehicle, Municipal, Science, Technology & Internet, Business, Estate Planning

Status: In Good Standing Licensed: 7 Years

CONTACT

1038 Lincoln Ave, Fennimore, WI 53809

Timothy Brian Gifford

Estate, Employment, Divorce & Family Law, Criminal

Status: In Good Standing

CONTACT

136 N Main St, Richland Center, WI 53581

James J. Robb

Estate, Real Estate

Status: In Good Standing Licensed: 51 Years

CONTACT

274 N Central Ave, Richland Center, WI 53581

Karen S. Fowell

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 43 Years

CONTACT

297 N Central Ave, Richland Center, WI 53581

Julie A. Dadoun

Federal, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 7 Years

CONTACT

Richland Center, WI 53581

Sheila Stuart Kelley

Real Estate, Dispute Resolution, Wills & Probate, Child Custody

Status: In Good Standing

CONTACT

44 E Main St, Platteville, WI 53818

800-923-0641

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LEGAL TERMS

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.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

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.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

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Highland Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Donna Ann Weikert

Michael C. Curran

Donald R. Stroud

Boyd Gibbons

Eric Hagen

Timothy Brian Gifford

James J. Robb

Karen S. Fowell

Julie A. Dadoun

Sheila Stuart Kelley

TIPS

LEGAL TERMS

QTIP TRUST

INHERIT

CONTINGENT BENEFICIARY

MINERAL RIGHTS

ABATEMENT

RULE AGAINST PERPETUITIES

SPENDTHRIFT TRUST

INCOMPETENCE

ACCUMULATION TRUST

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