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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
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800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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Allen Wilmer Larson

Landlord-Tenant, Real Estate, Estate, Divorce, Corporate

Status: Licensed: 28 Years

CONTACT

117 N Second St, Watertown, WI 53094

Andrew H. Morgan

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

Status: Licensed: 34 Years

CONTACT

529 Ontario Ave, Sheboygan, WI 53081

Andrew Todd Rumpf

Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

152 W Main St, Cambridge, WI 53523

Bart D. Achterberg

Accident & Injury, Criminal, Estate, Real Estate, Elder Law

Status: Licensed: 23 Years

CONTACT

1626 Kings Mill Way, Madison, WI 53718

Beau Bettiga

Estate Planning, Real Estate Other, Business, Estate

Status:

CONTACT

136 Hospital Dr, Watertown, WI 53098

Beth Ann Huber

Litigation, Lawsuit & Dispute, Estate Planning, Labor Law, Employee Rights

Status: Licensed: 28 Years

CONTACT

N1131 County Rd L, Watertown, WI 53098

Colleen J. Martine

Divorce & Family Law, Estate

Status: Licensed: 35 Years

CONTACT

3543 E Washington Ave, Madison, WI 53707

Colleen J. Locke

Real Estate, Government, Estate, Divorce, Divorce & Family Law

Status: Licensed: 33 Years

CONTACT

125 S Main St, Jefferson, WI 53549

Daniel T. Kohls

Estate, Business, Real Estate

Status: Licensed: 29 Years

CONTACT

6041 Monona Dr, Madison, WI 53716

Danielle H. Thompson

Government Agencies, Trusts, Divorce & Family Law, Criminal

Status: Licensed: 13 Years

CONTACT

234 S Main St, Jefferson, WI 53549

800-814-6700

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LEGAL TERMS

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

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.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

Waterloo Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Allen Wilmer Larson

Andrew H. Morgan

Andrew Todd Rumpf

Bart D. Achterberg

Beau Bettiga

Beth Ann Huber

Colleen J. Martine

Colleen J. Locke

Daniel T. Kohls

Danielle H. Thompson

TIPS

LEGAL TERMS

FAILURE OF ISSUE

RESIDUARY ESTATE

ALTERNATE BENEFICIARY

WILL

LETTERS TESTAMENTARY

POWER OF APPOINTMENT

INHERITANCE TAXES

TRUSTEE

CREDIT SHELTER TRUST

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