Lime Ridge Estate Planning Lawyer, Wisconsin

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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.
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Includes: Gift Taxation

Jeffrey J. Bartzen

Real Estate, Intellectual Property, Estate Planning, Corporate

Status: In Good Standing

CONTACT

401 Charmany Drive, Madison, WI 53719

Hans O. Helland

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

Status: Inactive Licensed: 76 Years

CONTACT

Wisconsin Dells, WI 53965

Elizabeth Stevens

Estate Planning, Child Custody, Civil Rights, Reorganization

Status: In Good Standing

CONTACT

311 Dewitt Street, Portage, WI 53901

John R. Miller

Real Estate, Trusts, Civil Rights, Estate Planning

Status: In Good Standing

CONTACT

311 Dewitt Street, Portage, WI 53901

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

Dale R. Gregory

Criminal, Business, Commercial Real Estate, Estate Planning

Status: In Good Standing Licensed: 39 Years

CONTACT

2501 Parmenter Street, Middleton, WI 53562

Mark H T Fuhrman

Tax, Estate Planning, Business Successions, Business, Estate

Status: In Good Standing Licensed: 31 Years

CONTACT

2501 Parmenter Street, Middleton, WI 53562

Nathan Dosch

International Tax, Estate Planning, Business

Status: In Good Standing

CONTACT

440 Science Drive, Madison, WI 53711

Thomas W. Shellander

Tax, Business, Commercial Real Estate, Estate Planning

Status: In Good Standing Licensed: 35 Years

CONTACT

401 Charmany Dr, Madison, WI 53705

Johanna J. Allex

Tax, Trusts, Estate Planning, Business

Status: In Good Standing Licensed: 24 Years

CONTACT

2997 Yarmouth Greenway Dr, Madison, WI 53711

800-923-0641

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LEGAL TERMS

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.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

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.

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

KINDRED

Under some state's probate codes, all relatives of a deceased person.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

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Lime Ridge Estate Planning Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeffrey J. Bartzen

Hans O. Helland

Elizabeth Stevens

John R. Miller

Kathleen A. Kjorlie

Dale R. Gregory

Mark H T Fuhrman

Nathan Dosch

Thomas W. Shellander

Johanna J. Allex

TIPS

LEGAL TERMS

ACCUMULATION TRUST

INHERITANCE TAXES

BEQUEATH

SPECIFIC BEQUEST

INTESTATE

NONPROBATE

GRANTOR RETAINED INCOME TRUST

KINDRED

SPECIAL ADMINISTRATOR

SAMPLE LEGAL CASES

Tensfeldt v. Haberman

IN THE ESTATE OF DERZON

IN RE THE ESTATE OF HECK

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