Millbrook Trusts Lawyer, Illinois

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John Lynch
About | Practice Areas
Lynch Law, LLC
300 E 5th Ave Suite 360 Naperville, IL 60563» view map
Estate Law
A Family Approach To Law

Legal matters should only be dealt with by people you trust. Who can you rely on more than people who treat you like family? Trust us to help you today.

800-952-9511
1. John Lynch Naperville, IL
  Attorney at Law- IL, 1998
  Shepard Broad Law Center, J.D. 1998
2. AboutLynch Law, LLC
  A Family Approach To Law
3. Practice AreasExpertise
  Estate Law
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Gerald Hodge

Personal Injury, Trusts, Wills & Probate, Personal Injury, Motor Vehicle

Status: In Good Standing

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2114 Deerpath Road, Aurora, IL 60506

Thomas J. Streit

Real Estate, Estate, Wills & Probate, Trusts, Corporate

Status: In Good Standing Licensed: 59 Years

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1999 W. Downer Pl., Aurora, IL 60506

Daniel Allen Reed

International Tax, Trusts, Estate Planning, Transactions

Status: In Good Standing Licensed: 41 Years

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1961 W Downer Pl, Aurora, IL 60506

James Stephen Nowak

Trusts, Corporate, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 8 Years

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1444 N Farnsworth Ave, Aurora, IL 60505

Mark Shea

Real Estate, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 29 Years

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75 Executive Dr, Aurora, IL 60504

Kevin Drendel

Divorce & Family Law, Estate, Business, Trusts

Status: In Good Standing

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111 Flinn Street, Batavia, IL 60510

Donald E. Norton

Elder Law, Trusts, Federal, Business

Status: In Good Standing Licensed: 65 Years

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502 S Ottawa St, Earlville, IL 60518

Misti H. Floyd

Trusts, Residential Real Estate, Estate Planning, Estate Administration

Status: In Good Standing Licensed: 22 Years

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2600 Oak St, Elburn, IL 60174

Diane Yohnka Jorstad

Real Estate, Trusts

Status: In Good Standing

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105 W Main St, Morris, IL 60450

Bonnie Anne Booth

Education, Trusts, Employee Rights, Trade Associations

Status: In Good Standing Licensed: 14 Years

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1555 Bond St, Naperville, IL 60563

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.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

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.

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.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

SAMPLE LEGAL CASES

In re Estate of Feinberg

... 534, 891 NE2d 549. In reaching this conclusion, the appellate court relied on decisions of this court dating back as far as 1898 and, as noted, on the Restatement (Third) of Trusts. ISSUE PRESENTED. ... Applicability of Restatement (Third) of Trusts. ...

In re Estate of Feinberg

... Max FEINBERG, Deceased (Leila R. Taylor, as Independent Coexecutor of the Will of Max Feinberg, Deceased, Plaintiff-Appellant, v. Michael B. Feinberg, Individually and as Coexecutor of the Will of Max Feinberg, Deceased; Fifth Third Bank, as Trustee under the Trusts of Max ...

Laubner v. JP Morgan Chase Bank, NA

... 747 Justice COOK delivered the opinion of the court: On October 31, 2007, plaintiffs Patricia A. Laubner and Pamela A. Larson filed an amended petition to remove codefendant Deborah B. Alley as trustee and to modify the distributions being made from the trusts. ...

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Millbrook Trusts Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Gerald Hodge

Thomas J. Streit

Daniel Allen Reed

James Stephen Nowak

Mark Shea

Kevin Drendel

Donald E. Norton

Misti H. Floyd

Diane Yohnka Jorstad

Bonnie Anne Booth

TIPS

LEGAL TERMS

INTESTATE

BANKRUPTCY ESTATE

PREDECEASED SPOUSE

PUBLIC ADMINISTRATOR

SWEARING MATCH

POWER OF APPOINTMENT

ESTATE TAXES

ABATEMENT

GRANTOR RETAINED INCOME TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

Laubner v. JP Morgan Chase Bank, NA

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