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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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David D Patton

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Criminal, Divorce & Family Law, Estate, Business Organization, Contract

A versatile, innovative, and adaptable attorney with an attitude of service and broad experience who meets challenges with open-eyed optimism and solu... (more)

FREE CONSULTATION

CONTACT

800-934-1321

1636 Taylor Ave, Racine, WI 53403

Anton B. Nickolai

Estate Planning, Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

308 Milwaukee Ave, Burlington, WI 53105

James W. Hill

Corporate, Credit & Debt, Estate Planning, Guardianships & Conservatorships

Status: In Good Standing Licensed: 51 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Stephen J. Smith

Tax, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 48 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Robert R Henzl

Tax, Real Estate, Wills & Probate, Estate Planning

Status: In Good Standing Licensed: 63 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Susan M Perry

Estate Planning, Family Law, Divorce, Adoption, Elder Law

Status: In Good Standing Licensed: 39 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Jessica A. Grundberg

Estate Planning, Family Law, Divorce, Child Support

Status: In Good Standing Licensed: 20 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Jessica Sippel

Real Estate, Government, Estate

Status: In Good Standing Licensed: 13 Years

CONTACT

Burlington, WI 53105

Timothy P. Crawford

Estate Planning, Estate, Child Support, DUI-DWI

Status: In Good Standing Licensed: 52 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Jessica Sippel

Estate Planning, Wills

Status: In Good Standing

CONTACT

29134 Evergreen Dr, Waterford, WI 53185

800-923-0641

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LEGAL TERMS

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

DEED OF TRUST

See trust deed.

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.

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.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

TITLE COMPANY

A company that issues title insurance.

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.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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Racine County, WI Estate Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David D Patton

Anton B. Nickolai

James W. Hill

Stephen J. Smith

Robert R Henzl

Susan M Perry

Jessica A. Grundberg

Jessica Sippel

Timothy P. Crawford

Jessica Sippel

TIPS

LEGAL TERMS

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

DEATH TAXES

DEED OF TRUST

INHERIT

NONPROBATE

GROSS ESTATE

TITLE COMPANY

ADEMPTION

ADMINISTRATION (OF AN ESTATE)

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