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Abraham Michelson
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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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Leary E. Peterson

Estate Planning

Status: Licensed: 79 Years

CONTACT

110 E Haydn St, Prairie Du Chien, WI 53821

Eric Hagen

Motor Vehicle, Municipal, Science, Technology & Internet, Business, Estate Planning

Status: Licensed: 8 Years

CONTACT

1038 Lincoln Ave, Fennimore, WI 53809

Stuart G. Urban

Government, Estate, Business

Status: Licensed: 61 Years

CONTACT

511 W Elm St, Lancaster, WI 53813

John A. Kussmaul

Real Estate, Estate, Business

Status: Licensed: 57 Years

CONTACT

151 West Maple Street, Lancaster, WI 53813

Julie A. Dadoun

Federal, Estate, Divorce & Family Law, Criminal

Status: Licensed: 8 Years

CONTACT

Richland Center, WI 53581

Timothy Brian Gifford

Estate, Employment, Divorce & Family Law, Criminal

Status:

CONTACT

136 N Main St, Richland Center, WI 53581

James J. Robb

Estate, Real Estate

Status: Licensed: 51 Years

CONTACT

274 N Central Ave, Richland Center, WI 53581

Karen S. Fowell

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 43 Years

CONTACT

297 N Central Ave, Richland Center, WI 53581

Sheila Stuart Kelley

Real Estate, Dispute Resolution, Wills & Probate, Child Custody

Status:

CONTACT

44 E Main St, Platteville, WI 53818

Kevin M. Connelly

Estate, Real Estate, Real Estate Other, Wills & Probate

Status: Licensed: 37 Years

CONTACT

201 S Main St, Westby, WI 54667

800-814-6700

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LEGAL TERMS

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.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living 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 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). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

CREDIT SHELTER TRUST

See AB trust.

MARITAL LIFE ESTATE TRUST

See AB trust.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

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.

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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.

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Wauzeka Estate Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Leary E. Peterson

Eric Hagen

Stuart G. Urban

John A. Kussmaul

Julie A. Dadoun

Timothy Brian Gifford

James J. Robb

Karen S. Fowell

Sheila Stuart Kelley

Kevin M. Connelly

TIPS

LEGAL TERMS

ADMINISTRATION (OF AN ESTATE)

PER STIRPES

CREDIT SHELTER TRUST

MARITAL LIFE ESTATE TRUST

ACCUMULATION TRUST

RESIDUARY ESTATE

STATUTORY SHARE

RESIDUARY BENEFICIARY

INHERITANCE TAXES

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