Menomonee Falls Estate Lawyer, Wisconsin

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Abraham Michelson
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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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Paul Bucher

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Accident & Injury, Criminal, Juvenile Law, Estate Planning, Trusts

Over 100 years of combined experience at firm.

Mr. Bucher has been practicing law in Wisconsin since 1981. His area of practice includes complex litigation, criminal defense, personal injury, gover... (more)

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CONTACT

262-232-6699

711 W. Moreland Blvd, Waukesha, WI 53188

Peter M. Wolff

Criminal, Divorce & Family Law, Juvenile Law, DUI-DWI, Estate Planning

We Fight For The Rights Of Our Clients

Attorney Peter M. Wolff is a managing partner at Bucher, Wolff & Sonderhouse, LLP that focuses on criminal defense and family law. Before Peter was a ... (more)

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262-232-6699

711 W. Moreland Blvd. Suite 100, Waukesha, WI 53188

Brian A. Romans

Contract, Credit & Debt, Estate Administration, Land Use & Zoning

Status: In Good Standing

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N94 W17900 Appleton Avenue, Menomonee Falls, WI 53051

David A Wanta

Estate Planning, Family Law, Criminal, Personal Injury, Divorce

Status: In Good Standing

FREE CONSULTATION

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14380 West Capitol Drive, Brookfield, WI 53005

Jerome A Doornek

Farms, Wills, Family Law, Divorce

Status: In Good Standing

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20700 Watertown Road., Waukesha, WI 53186

Mark J. Dahlberg

Divorce & Family Law, Estate, Criminal

Status: In Good Standing

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N88 W16783 Main Street, Menomonee Falls, WI 53051

Mark C. Young

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

Status: In Good Standing

FREE CONSULTATION

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14380 West Capitol Drive, Brookfield, WI 53005

Stephen A Hartman

Real Estate, Wills & Probate, Estate Planning, Business Organization

Status: In Good Standing

FREE CONSULTATION

CONTACT

14380 West Capitol Drive, Brookfield, WI 53005

Tamara N. Jackson

Estate Planning, Family Law, Elder Law, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

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2200 N. Mayfair Road, Milwaukee, WI 53226

Adam Galaviz

Estate, Guardianships & Conservatorships

Status: In Good Standing Licensed: 11 Years

CONTACT

711 W Moreland Blvd, Waukesha, WI 53188

800-923-0641

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LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

TESTAMENTARY TRUST

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

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

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Menomonee Falls Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Paul Bucher

Peter M. Wolff

Brian A. Romans

David A Wanta

Jerome A Doornek

Mark J. Dahlberg

Mark C. Young

Stephen A Hartman

Tamara N. Jackson

Adam Galaviz

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LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

TRUST CORPUS

DISCHARGE (OF PROBATE ADMINISTRATOR)

LAPSE

TESTAMENTARY TRUST

INHERITANCE TAXES

HEIR AT LAW

AB TRUST

LIFE BENEFICIARY

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