Racine 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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Timothy P. Crawford

Estate Planning, Estate, Child Support, DUI-DWI

Status: Licensed: 53 Years

CONTACT

840 Lake Ave, Racine, WI 53403

John W. Knuteson

Estate, Real Estate, Business, Land Use & Zoning

Status: Licensed: 50 Years

CONTACT

500 College Avenue, Racine, WI 53403

Edward J Plagemann

Real Estate, Trusts, Family Law, Contract

Status: Licensed: 51 Years

CONTACT

610 Main St, Racine, WI 53403

Charles H. Pehlivanian

Accident & Injury, Estate, Real Estate

Status: Licensed: 60 Years

CONTACT

4824 Singing Trees Dr, Racine, WI 53406

Derrick B. Heller-Neal

Real Estate, Traffic, Estate, Personal Injury

Status: Licensed: 12 Years

CONTACT

6214 Washington Ave, Racine, WI 53406

Terry L. Constant

Accident & Injury, Criminal, Divorce & Family Law, Employment, Estate

Status: Licensed: 57 Years

CONTACT

4124 7th Avenue, Kenosha, WI 53140

Thomas G. Richman

Estate Planning, Estate, Wills

Status: Licensed: 15 Years

CONTACT

150 E Fitzsimmons Rd, Oak Creek, WI 53154

800-814-6700

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LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

MARITAL LIFE ESTATE TRUST

See AB trust.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

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Racine Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Timothy P. Crawford

John W. Knuteson

Edward J Plagemann

Charles H. Pehlivanian

Derrick B. Heller-Neal

Terry L. Constant

Thomas G. Richman

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LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

LAPSE

MARITAL LIFE ESTATE TRUST

TESTAMENTARY TRUST

SURVIVING SPOUSE'S TRUST

SPENDTHRIFT TRUST

INVESTOR

LIFE BENEFICIARY

DOWER AND CURTESY

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