Bellwood Estate Planning Lawyer, Illinois, page 5

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Includes: Gift Taxation

Martin Lillig

Landlord-Tenant, International Tax, Government, Estate Planning
Status:  In Good Standing           Licensed:  58 Years

Martin J. Lillig

International Tax, Government, Estate Planning, Estate
Status:  In Good Standing           Licensed:  58 Years

Gregory Francis Smith

Litigation, Estate Planning, Business & Trade, Corporate
Status:  In Good Standing           Licensed:  44 Years

Kathleen L. Mccabe

Estate Planning, Family Law, Divorce, Transactions
Status:  In Good Standing           Licensed:  40 Years

Colleen Lynette Sahlas

Estate Planning, Adoption, Elder Law, Business
Status:  In Good Standing           Licensed:  24 Years

Britt Ashley Salazar

Real Estate, Estate Planning
Status:  In Good Standing           Licensed:  12 Years

Sean Lazzari

Traffic, Estate Planning, Divorce, DUI-DWI
Status:  In Good Standing           

Michael Deboer

Real Estate, Estate Planning, Business, Corporate
Status:  In Good Standing           Licensed:  38 Years

Colleen Sahlas

Estate Planning, Adoption, Elder Law, Business
Status:  In Good Standing           Licensed:  24 Years

Britt Salazar

Real Estate, Estate Planning
Status:  In Good Standing           Licensed:  12 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

FAILURE OF ISSUE

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

TITLE COMPANY

A company that issues title insurance.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)
Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)
A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)
A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

SAMPLE LEGAL CASES

Dunn v. Patterson

... for them. The circuit court of Will County entered judgment on the pleadings, finding, as a matter of law, that provisions in certain estate planning documents prepared by defendant were contrary to public policy and void. The ...

Fitch v. McDermott, Will and Emery, LLP

... Around the same time, defendants Joseph Dietrich and John Dietrich (hereafter the Dietrichs), both certified public accountants, provided financial and accounting services for estate planning purposes to Victoria and her husband, plaintiff Thomas Fitch. ...

In re Estate of Henry

... Accordingly, the estate petitioned the court to allow the estate to execute estate planning documents for Henry which, it contended, were consistent with his known wishes and which would be "free from the taint of the undue influence and fraud which was assembled upon the ...