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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.
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Don R. Herrling

Wills & Probate, Estate Planning, Family Law, Elder Law

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FREE CONSULTATION

CONTACT

800 N. Lynndale Drive, Appleton, WI 54914

Charles E. Williams

Real Estate, Wills & Probate, Trusts, Personal Injury

Status: Licensed: 47 Years

CONTACT

128 State St, Oshkosh, WI 54901

John M. Kelly

Estate, Criminal, Malpractice, Car Accident, Accident & Injury

Status: Licensed: 51 Years

CONTACT

1 Pearl Ave, Oshkosh, WI 54903

John C Koch

Litigation, Wills & Probate, Trusts, Elder Law

Status: Licensed: 44 Years

CONTACT

115A S Wisconsin St, Berlin, WI 54923

Milton E. Spoehr

Wills & Probate, Municipal, Commercial Real Estate

Status: Licensed: 72 Years

CONTACT

118 N Pearl St, Berlin, WI 54923

Matthew J. Linn

Bankruptcy, Business & Trade, Trusts

Status: Licensed: 18 Years

CONTACT

Legacy Private Trust Company, Neenah, WI 54956

Richard E. Bollenbeck

Estate Planning, Family Law, DUI-DWI, Criminal

Status: Licensed: 41 Years

CONTACT

W6260 Communication Ct, Appleton, WI 54914

Grant E. Birtch

Real Estate, Estate Planning, Contract, Business

Status: Licensed: 35 Years

CONTACT

244 E Doty Ave, Neenah, WI 54957

Mary E. Stahler

Estate, Real Estate

Status: Licensed: 11 Years

CONTACT

2 Neenah Ctr, Neenah, WI 54957

Charles J. Hartzheim

Real Estate, Wills & Probate, Estate Planning, Corporate

Status: Licensed: 59 Years

CONTACT

800 N Lynndale Drive, Appleton, WI 54914

800-814-6700

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

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.

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.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

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Omro Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Don R. Herrling

Charles E. Williams

John M. Kelly

John C Koch

Milton E. Spoehr

Matthew J. Linn

Richard E. Bollenbeck

Grant E. Birtch

Mary E. Stahler

Charles J. Hartzheim

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LEGAL TERMS

CERTIFICATION OF TRUST

INHERIT

SUMMARY PROBATE

SELF-PROVING WILL

ABSTRACT OF TRUST

SPECIFIC BEQUEST

ESTATE TAXES

STATUTORY SHARE

INHERITANCE TAXES

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