Racine County, WI Estate Lawyers

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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
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Anton B. Nickolai

Estate Planning, Estate, Bankruptcy, Bankruptcy & Debt

Status:

FREE CONSULTATION

CONTACT

308 Milwaukee Ave, Burlington, WI 53105

Robert R Henzl

Tax, Real Estate, Wills & Probate, Estate Planning, Landlord-Tenant

Status: Licensed: 64 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Susan M Perry

Estate Planning, Family Law, Divorce, Adoption, Elder Law

Status: Licensed: 39 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Jessica A. Grundberg

Estate Planning, Family Law, Divorce, Child Support, Government

Status: Licensed: 20 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Jessica Sippel

Real Estate, Government, Estate

Status: Licensed: 14 Years

CONTACT

Burlington, WI 53105

Timothy P. Crawford

Estate Planning, Estate, Child Support, DUI-DWI

Status: Licensed: 53 Years

CONTACT

840 Lake Ave, Racine, WI 53403

Jessica Sippel

Estate Planning, Wills

Status:

CONTACT

29134 Evergreen Dr, Waterford, WI 53185

Edward J Plagemann

Real Estate, Trusts, Family Law, Contract

Status: Licensed: 51 Years

CONTACT

610 Main St, Racine, WI 53403

John W. Knuteson

Estate, Real Estate, Business, Land Use & Zoning

Status: Licensed: 50 Years

CONTACT

500 College Avenue, Racine, WI 53403

Charles H. Pehlivanian

Accident & Injury, Estate, Real Estate

Status: Licensed: 60 Years

CONTACT

4824 Singing Trees Dr, Racine, WI 53406

800-814-6700

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LEGAL TERMS

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

SUCCESSOR TRUSTEE

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

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

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.

Racine County, WI Estate Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Anton B. Nickolai

Robert R Henzl

Susan M Perry

Jessica A. Grundberg

Jessica Sippel

Timothy P. Crawford

Jessica Sippel

Edward J Plagemann

John W. Knuteson

Charles H. Pehlivanian

TIPS

LEGAL TERMS

BYPASS TRUST

INVENTORY

SUCCESSOR TRUSTEE

TRUST MERGER

TAKING AGAINST THE WILL

DISINHERIT

EXEMPTION TRUST

POWER OF APPOINTMENT

CURATOR

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