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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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Don R. Herrling

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

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FREE CONSULTATION

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800 N. Lynndale Drive, Appleton, WI 54914

James E. Aschenbrener

Estate Planning, Wills & Probate, Real Estate, Business, Elder Law

Status: Licensed: 36 Years

CONTACT

110 S Main St, Shawano, WI 54166

Robert N. Forseth

Real Estate, Estate, Divorce & Family Law, Criminal

Status: Licensed: 13 Years

CONTACT

308 Saint Johns Pl, New London, WI 54961

Steven D. Shambeau

Commercial Real Estate, Corporate, Family Law, Estate Planning

Status: Licensed: 50 Years

CONTACT

204 S Main St, Waupaca, WI 54981

Robert E. Sorenson

Real Estate, Trusts, Estate, Business

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223 N Pine St, Hortonville, WI 54944

Richard E. Bollenbeck

Estate Planning, Family Law, DUI-DWI, Criminal

Status: Licensed: 41 Years

CONTACT

W6260 Communication Ct, Appleton, WI 54914

Michael R. McCanna

Arbitration, Corporate, Environmental Law, Estate Planning

Status: Licensed: 51 Years

CONTACT

4 Bittersweet Ct, Appleton, WI 54914

Michael J. Lauterbach

Power of Attorney, Litigation, Estate Planning, Civil & Human Rights, Business

Status: Licensed: 19 Years

CONTACT

2417A Post Road, Stevens Point, WI 54481

Michael Peter Konz

Real Estate, Estate, Bankruptcy, Accident & Injury

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CONTACT

2711 N Mason St, Appleton, WI 54914

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

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

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.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

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.

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.

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Tilleda Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Don R. Herrling

James E. Aschenbrener

Robert N. Forseth

Steven D. Shambeau

Robert E. Sorenson

Richard E. Bollenbeck

Michael R. McCanna

Michael J. Lauterbach

Michael Peter Konz

Charles J. Hartzheim

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LEGAL TERMS

TRUST DEED

SUMMARY PROBATE

ANCILLARY PROBATE

HOLOGRAPHIC WILL

ADMINISTRATION (OF AN ESTATE)

TRUST CORPUS

CERTIFICATION OF TRUST

INHERIT

NONPROBATE

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