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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Ernest O. Hanson

Estate Planning, Real Estate

Status: In Good Standing

FREE CONSULTATION

CONTACT

505 King Street, La Crosse, WI 54602

Sonja Davig Huesmann

Divorce & Family Law, Estate, Accident & Injury, Litigation

Status: In Good Standing Licensed: 30 Years

CONTACT

Johns, Flaherty & Collins, SC, Holmen, WI 54636

Lee J. Fehr

Accident & Injury, Bankruptcy, Estate, Real Estate

Status: In Good Standing Licensed: 35 Years

CONTACT

205 Green Street, Onalaska, WI 54650

Richard W. Schroeder

Corporate, Elder Law, Estate Planning, Wills & Probate

Status: Inactive Licensed: 55 Years

CONTACT

505 King St, La Crosse, WI 54602

Michael C. Ablan

Tax, Estate, Wills & Probate

Status: In Good Standing Licensed: 51 Years

CONTACT

411 King Street, La Crosse, WI 54601

Sarah E. Fortune

Real Estate, Dispute Resolution, Estate, Guardianships & Conservatorships, Criminal

Status: In Good Standing

CONTACT

505 King St, La Crosse, WI 54602

Michael S. Moen

Business, Real Estate, Estate Planning

Status: Inactive Licensed: 47 Years

CONTACT

201 Main St, La Crosse, WI 54601

Heidi Marie Eglash

Wills & Probate, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

1212 Horton Street, La Crosse, WI 54601

Donald J. Harman

Accident & Injury, Criminal, Estate, Lawsuit & Dispute, Medical Malpractice

Status: In Good Standing Licensed: 65 Years

CONTACT

La Crosse, WI 54602

Nicholas J. Passe

Real Estate, Trusts, Criminal, Civil Rights

Status: In Good Standing

CONTACT

201 Main Street, La Crosse, WI 54602

800-923-0641

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LEGAL TERMS

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

SUCCESSOR TRUSTEE

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

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.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

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.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

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Trempealeau Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ernest O. Hanson

Sonja Davig Huesmann

Lee J. Fehr

Richard W. Schroeder

Michael C. Ablan

Sarah E. Fortune

Michael S. Moen

Heidi Marie Eglash

Donald J. Harman

Nicholas J. Passe

TIPS

LEGAL TERMS

INTESTATE

WARRANTY DEED

ADEMPTION

HEIR AT LAW

SUCCESSOR TRUSTEE

SUMMARY PROBATE

EXECUTOR

ESTATE TAXES

PER CAPITA

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