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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
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Includes: Gift Taxation

Ernest O. Hanson

Estate Planning, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

505 King Street, La Crosse, WI 54602

Robert C. Skemp

Tax, Real Estate, Wills & Probate, Estate Planning

Status: In Good Standing Licensed: 73 Years

CONTACT

505 King St, La Crosse, WI 54602

Charles Steven Summers

International, Intellectual Property, Gift Taxation, Business & Trade

Status: In Good Standing Licensed: 16 Years

CONTACT

1127 Cass St, La Crosse, WI 54601

Heidi Marie Eglash

Wills & Probate, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

1212 Horton Street, La Crosse, WI 54601

Richard W. Schroeder

Corporate, Elder Law, Estate Planning, Wills & Probate

Status: Inactive Licensed: 55 Years

CONTACT

505 King St, La Crosse, WI 54602

Michael S. Moen

Business, Real Estate, Estate Planning

Status: Inactive Licensed: 47 Years

CONTACT

201 Main St, La Crosse, WI 54601

Jessica Rena Salomon

Elder Law, Estate Planning, Gift Taxation, Animal Bite

Status: Inactive Licensed: 16 Years

CONTACT

1834 Eastwood Ln, La Crosse, WI 54601

800-923-0641

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LEGAL TERMS

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

CURATOR

See conservator.

SUCCESSOR TRUSTEE

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

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).

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.

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.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

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Rockland Estate Planning Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ernest O. Hanson

Robert C. Skemp

Charles Steven Summers

Heidi Marie Eglash

Richard W. Schroeder

Michael S. Moen

Jessica Rena Salomon

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LEGAL TERMS

TRUSTEE POWERS

CURATOR

SUCCESSOR TRUSTEE

GRANTOR RETAINED INCOME TRUST

RESIDUARY BENEFICIARY

EXEMPTION TRUST

TRUSTEE

REMAINDERMAN

INCOMPETENCE

SAMPLE LEGAL CASES

Tensfeldt v. Haberman

IN THE ESTATE OF DERZON

IN RE THE ESTATE OF HECK

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