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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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Mark L. Krueger

Mass Torts, Science, Technology & Internet, Estate, Family Law, Divorce & Family Law

Status: In Good Standing

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123 Second Street, Baraboo, WI 53913

William F. Greenhalgh

Power of Attorney, Immigration, Estate, Employee Rights, Elder Law

Status: In Good Standing Licensed: 46 Years

CONTACT

202 Broadway, Baraboo, WI 53913

Richard W. Cross

Lawsuit & Dispute, Motor Vehicle, Immigration, Estate

Status: In Good Standing Licensed: 48 Years

CONTACT

214 1st Street, Baraboo, WI 53913

James P. Heyn

Landlord-Tenant, Immigration, Estate, Employee Rights, Workers' Compensation

Status: In Good Standing Licensed: 12 Years

CONTACT

214 1St St, Baraboo, WI 53913

Rebecca W. Oettinger

Landlord-Tenant, Immigration, Estate, Divorce & Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 17 Years

CONTACT

Baraboo, WI 53913

Joseph L. Viney

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 47 Years

CONTACT

137 3Rd Ave, Baraboo, WI 53913

Craig P. B. Raysor

Wills & Probate, Natural Resources, Antitrust, Animal Bite

Status: In Good Standing Licensed: 18 Years

CONTACT

1212 Warren St, Baraboo, WI 53913

Elizabeth A. Oyen

Tax, International, Gift Taxation

Status: In Good Standing Licensed: 24 Years

CONTACT

11210 Hwy 60, Lodi, WI 53555

Jesse Spankowski

Estate, Real Estate

Status: In Good Standing

CONTACT

311 De Witt St, Portage, WI 53901

Michael D. Greiber

Real Estate, Estate, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 25 Years

CONTACT

702 Dewitt St, Portage, WI 53901

800-923-0641

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LEGAL TERMS

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

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.

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 POT TRUST

See pot trust.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.'

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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Merrimac Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mark L. Krueger

William F. Greenhalgh

Richard W. Cross

James P. Heyn

Rebecca W. Oettinger

Joseph L. Viney

Craig P. B. Raysor

Elizabeth A. Oyen

Jesse Spankowski

Michael D. Greiber

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LEGAL TERMS

ESTATE PLANNING

POUR-OVER WILL

INTESTATE

EXEMPTION TRUST

FAMILY POT TRUST

SPRINKLING TRUST

BEQUEATH

LAPSE

ESTATE TAXES

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