Delavan Estate Lawyer, Wisconsin

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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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Brian Schuk

Landlord-Tenant, Real Estate, Government, Estate

Status:

FREE CONSULTATION

CONTACT

1034 Ann Street, Delavan, WI 53115

Daniel S. Johnson

Estate, Divorce & Family Law, Criminal

Status: Licensed: 22 Years

CONTACT

1800 County Rd Nn, Elkhorn, WI 53121

David M. Reddy

Real Estate, Lawsuit & Dispute, Estate, Bankruptcy & Debt

Status: Licensed: 38 Years

CONTACT

1800 County Rd Nn, Elkhorn, WI 53121

John K. Bartosz

Corporate, Estate Planning, Estate, Gift Taxation

Status:

CONTACT

1624 Hobbs Drive, Delavan, WI 53115

John M. Clair

Real Estate, Lawsuit & Dispute, Estate, Business

Status: Licensed: 38 Years

CONTACT

617 E Walworth Ave, Delavan, WI 53115

Samantha M. McCoy

Real Estate, Estate, Business

Status: Licensed: 4 Years

CONTACT

354 Seymour Ct, Elkhorn, WI 53121

Theodore N. Johnson

Lawsuit & Dispute, Estate, Divorce & Family Law, Car Accident

Status:

CONTACT

354 Seymour Court, Elkhorn, WI 53121

800-814-6700

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LEGAL TERMS

CREDIT SHELTER TRUST

See AB trust.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

Delavan Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brian Schuk

Daniel S. Johnson

David M. Reddy

John K. Bartosz

John M. Clair

Samantha M. McCoy

Theodore N. Johnson

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LEGAL TERMS

CREDIT SHELTER TRUST

BANKRUPTCY ESTATE

RESIDUARY ESTATE

SUMMARY PROBATE

WILL

SPECIAL ADMINISTRATOR

HEIR AT LAW

PROBATE

SURROGATE COURT

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