Dodgeville Estate Planning Lawyer, Wisconsin

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Abraham Michelson
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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

Jeffrey J. Bartzen

Real Estate, Intellectual Property, Estate Planning, Corporate

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401 Charmany Drive, Madison, WI 53719

Kathleen A. Kjorlie

Estate Planning, Wills & Probate, Residential Real Estate, Trusts

Status: Licensed: 16 Years

CONTACT

8500 Greenway Blvd, Middleton, WI 53562

Dale R. Gregory

Criminal, Business, Commercial Real Estate, Estate Planning

Status: Licensed: 39 Years

CONTACT

2501 Parmenter Street, Middleton, WI 53562

Mark H T Fuhrman

Tax, Estate Planning, Business Successions, Business, Estate

Status: Licensed: 32 Years

CONTACT

2501 Parmenter Street, Middleton, WI 53562

Nathan Dosch

International Tax, Estate Planning, Business

Status:

CONTACT

440 Science Drive, Madison, WI 53711

Thomas W. Shellander

Tax, Business, Commercial Real Estate, Estate Planning

Status: Licensed: 36 Years

CONTACT

401 Charmany Dr, Madison, WI 53705

Johanna J. Allex

Tax, Trusts, Estate Planning, Business

Status: Licensed: 25 Years

CONTACT

2997 Yarmouth Greenway Dr, Madison, WI 53711

John R. Miller

Real Estate, Trusts, Civil Rights, Estate Planning

Status:

CONTACT

311 Dewitt Street, Portage, WI 53901

Elizabeth Stevens

Estate Planning, Child Custody, Civil Rights, Reorganization

Status:

CONTACT

311 Dewitt Street, Portage, WI 53901

800-814-6700

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LEGAL TERMS

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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.

MARITAL LIFE ESTATE TRUST

See AB trust.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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Dodgeville Estate Planning Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeffrey J. Bartzen

Kathleen A. Kjorlie

Dale R. Gregory

Mark H T Fuhrman

Nathan Dosch

Thomas W. Shellander

Johanna J. Allex

John R. Miller

Elizabeth Stevens

TIPS

LEGAL TERMS

HEIR AT LAW

CHARITABLE TRUST

LETTERS TESTAMENTARY

MARITAL LIFE ESTATE TRUST

FAILURE OF ISSUE

ADEMPTION

RESIDUARY ESTATE

IRREVOCABLE TRUST

SPECIFIC BEQUEST

SAMPLE LEGAL CASES

Tensfeldt v. Haberman

IN THE ESTATE OF DERZON

IN RE THE ESTATE OF HECK

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