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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

✓ VERIFIED

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: 64 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

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

CURATOR

See conservator.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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.

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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

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LEGAL TERMS

PRETERMITTED HEIR

CURATOR

POWER OF APPOINTMENT

LETTERS TESTAMENTARY

ADMINISTRATION (OF AN ESTATE)

SUCCESSOR TRUSTEE

RESIDUARY BENEFICIARY

DISTRIBUTEE

AB TRUST

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