Yorkville Estate Planning Lawyer, Illinois, page 3

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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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Includes: Gift Taxation

Thomas O'meara

Real Estate, Land Use & Zoning, Estate Planning, Transactions

Status: In Good Standing Licensed: 33 Years

CONTACT

8380 S. Ridge Road, Plainfield, IL 60544

Thomas Joseph O'meara

Real Estate, Land Use & Zoning, Estate Planning, Transactions

Status: In Good Standing Licensed: 33 Years

CONTACT

8380 S. Ridge Road, Plainfield, IL 60544

Patricia Tymony Gruber

Estate, Estate Planning, Trusts, Wills & Probate

Status: In Good Standing Licensed: 32 Years

CONTACT

8380 Old Ridge Rd, Plainfield, IL 60544

Priscilla Hall Gruber

Land Use & Zoning, Estate Planning, Transactions, Business

Status: In Good Standing Licensed: 47 Years

CONTACT

8380 Old Ridge Rd, Plainfield, IL 60544

Priscilla Gruber

Land Use & Zoning, Estate Planning, Transactions, Business

Status: In Good Standing Licensed: 47 Years

CONTACT

8380 Old Ridge Rd, Plainfield, IL 60544

Dawn Weekly

Social Security, Estate Planning, Pension & Benefits, Elder Law

Status: In Good Standing Licensed: 21 Years

CONTACT

11 E Center St, Sandwich, IL 60548

Karen Lorraine Johnson

Commercial Real Estate, Estate Planning, Family Law

Status: In Good Standing Licensed: 37 Years

CONTACT

15 W Railroad St, Sandwich, IL 60548

Katharine Whisler

General Practice

Status: In Good Standing Licensed: 26 Years

CONTACT

1360 Golfview Street, Aurora, IL 60506

Katharine Jeanne Whisler

General Practice

Status: In Good Standing Licensed: 26 Years

CONTACT

1360 Golfview Street, Aurora, IL 60506

Gregory Schley

Commercial Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 26 Years

CONTACT

1360 Golfview Street, Aurora, IL 60506

800-923-0641

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LEGAL TERMS

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

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.

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).

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

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 ...

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Yorkville Estate Planning Lawyer, Illinois, page 3

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Thomas O'meara

Thomas Joseph O'meara

Patricia Tymony Gruber

Priscilla Hall Gruber

Priscilla Gruber

Dawn Weekly

Karen Lorraine Johnson

Katharine Whisler

Katharine Jeanne Whisler

Gregory Schley

TIPS

LEGAL TERMS

ENTITY

CERTIFIED COPY

ESTATE TAXES

GRANTOR RETAINED INCOME TRUST

PERSONAL PROPERTY

TAKING AGAINST THE WILL

SELF-PROVING WILL

SPECIFIC BEQUEST

BEQUEATH

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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