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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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Michael R. McCanna

Arbitration, Corporate, Environmental Law, Estate Planning

Status: In Good Standing

CONTACT

47 Park Place, Appleton, WI 54912

Don R. Herrling

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

800 N. Lynndale Drive, Appleton, WI 54914

Roger W. Clark

Personal Injury, Divorce & Family Law, Estate Planning, Business

Status: In Good Standing

FREE CONSULTATION

CONTACT

800 N. Lynndale Drive, Appleton, WI 54914

William L Stroik

Real Estate, Trusts, Employment, Corporate

Status: In Good Standing Licensed: 41 Years

CONTACT

331 E Washington St, Appleton, WI 54911

Sara K. Micheletti

Power of Attorney, Landlord-Tenant, Estate, Guardianships & Conservatorships

Status: In Good Standing Licensed: 15 Years

CONTACT

231 W Franklin St, Appleton, WI 54911

Harvey G. Samson

Divorce & Family Law, Estate, Bankruptcy & Debt, Real Estate, Power of Attorney

Status: In Good Standing Licensed: 52 Years

CONTACT

2800 E Enterprise Ave, Appleton, WI 54913

Abby D. Theisen

Traffic, Immigration, Social Security, Estate Planning, Divorce & Family Law

Status: In Good Standing

CONTACT

2501 E Enterprise Ave, Appleton, WI 54913

Gina Vollmer

Foreclosure, Estate Planning, Banking & Finance, Collection

Status: In Good Standing

CONTACT

100 West Lawrence Street, Appleton, WI 54911

Michael Peter Konz

Real Estate, Estate, Bankruptcy, Accident & Injury

Status: In Good Standing

CONTACT

2711 N Mason St, Appleton, WI 54914

Elizabeth M. Ryan-Panzer

Farms, Divorce, Estate Planning, Family Law

Status: In Good Standing Licensed: 20 Years

CONTACT

600 E Northland Avenue, Appleton, WI 54911

800-923-0641

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LEGAL TERMS

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

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.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

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.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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.'

LIFE BENEFICIARY

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

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Sherwood Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Michael R. McCanna

Don R. Herrling

Roger W. Clark

William L Stroik

Sara K. Micheletti

Harvey G. Samson

Abby D. Theisen

Gina Vollmer

Michael Peter Konz

Elizabeth M. Ryan-Panzer

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LEGAL TERMS

STATUTORY SHARE

NONPROBATE

INVESTOR

PROPERTY CONTROL TRUST

ESTATE TAXES

PROBATE

PUBLIC ADMINISTRATOR

ABSTRACT OF TRUST

LIFE BENEFICIARY

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