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Chicago Estate Lawyer, Illinois


Sidney B Margolis Lawyer

Sidney B Margolis

VERIFIED
Income Tax, Estate Planning, Trusts, Wills & Probate
Sophisticated Income and Estate Planning, Income Tax Return Preparation, and Probate Practice.

Sidney B. Margolis earned a Bachelor of Science in Accountancy Degree from the business school at the University of Illinois at Champaign, Illinois, a... (more)

FREE CONSULTATION 

CONTACT

800-922-6780

Erik B. Diggs Lawyer

Erik B. Diggs

VERIFIED
Divorce & Family Law, Estate, Lawsuit & Dispute, Real Estate

I am a problem solver, not just an Attorney. I look at the whole picture of the problem then I will help you resolve it. If it is a divorce, custody/v... (more)

FREE CONSULTATION 

CONTACT

800-972-7061

Barry  Kreisler Lawyer

Barry Kreisler

VERIFIED
Real Estate, Estate, Business, Lawsuit & Dispute, Bankruptcy & Debt
Real estate, business, estate planning & administration, litigation, condominium and bankruptcy law

Kreisler Law, P.C. is the Chicago business law firm for real estate transactions and litigation and landlord eviction services, as well as commercial ... (more)

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Julia J Smolka Lawyer

Julia J Smolka

VERIFIED
Bankruptcy & Debt, Banking & Finance, Estate

Julia has extensive litigation experience. She represents both defendants and plaintiffs in lawsuits, which include landlord tenant disputes, homeown... (more)

FREE CONSULTATION 

CONTACT

800-729-0790

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Vincent C. Machroli Lawyer

Vincent C. Machroli

VERIFIED
Accident & Injury, Bankruptcy, Criminal, Divorce & Family Law, Estate

OVER 30 YEARS OF EXPERIENCE IN FAMILY LAW, ESTATE PLANNING, REAL ESTATE, AND BANKRUPTCY LAW At the Law Office of Vincent C. Machroli, P.C., we are ... (more)

Daniel  Walker Lawyer

Daniel Walker

VERIFIED
Car Accident, Divorce & Family Law, Real Estate, Estate, Litigation

Dan Walker Jr. is a trial attorney with 35 years of experience. He has tried cases in Cook, DuPage, Will, McHenry, Kane and Lake County. He understand... (more)

FREE CONSULTATION 

CONTACT

800-867-9670

Kiley M. Whitty Lawyer

Kiley M. Whitty

VERIFIED
Family Law, Real Estate, Estate Planning, Bankruptcy & Debt, Credit & Debt

Kiley Whitty joined Lillig & Thorsness, Ltd. in 2017 focusing her practice on complex family law matters including divorce, parentage, legal separatio... (more)

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Timothy Paul McHugh Lawyer

Timothy Paul McHugh

VERIFIED
Real Estate, Estate Planning, Wills & Probate, Business, Guardianships & Conservatorships

My law office is located in Elmhurst, Illinois. The major practice areas include residential and commercial real estate, probate, estate planning... (more)

Nicolas  Nelson Lawyer

Nicolas Nelson

VERIFIED
Divorce & Family Law, Estate, Real Estate, Business, Litigation
Law Offices of Nicolas Nelson

Nick Nelson was admitted to the Illinois bar in 2008. Since then he has focused on serving his clients and offering practical legal advice that accomp... (more)

FREE CONSULTATION 

CONTACT

800-648-9571

Naveed S. Husain Lawyer

Naveed S. Husain

Divorce & Family Law, Criminal, Estate, Business

Attorney Naveed Husain is focused on criminal defense and civil litigation. He thoroughly investigates and researches the facts of each and every case... (more)

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LEGAL TERMS

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)
The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

TITLE COMPANY

A company that issues title insurance.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)
Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)
1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

COUNTERCLAIM

A defendant's court papers that seek to reverse the thrust of the lawsuit by claiming that it was the plaintiff -- not the defendant -- who committed legal wron... (more...)
A defendant's court papers that seek to reverse the thrust of the lawsuit by claiming that it was the plaintiff -- not the defendant -- who committed legal wrongs, and that as a result it is the defendant who is entitled to money damages or other relief. Usually filed as part of the defendant's answer -- which also denies plaintiff's claims -- a counterclaim is commonly but not always based on the same events that form the basis of the plaintiff's complaint. For example, a defendant in an auto accident lawsuit might file a counterclaim alleging that it was really the plaintiff who caused the accident. In some states, the counterclaim has been replaced by a similar legal pleading called a cross-complaint. In other states and in federal court, where counterclaims are still used, a defendant must file any counterclaim that stems from the same events covered by the plaintiff's complaint or forever lose the right to do so. In still other states where counterclaims are used, they are not mandatory, meaning a defendant is free to raise a claim that it was really the plaintiff who was at fault either in a counterclaim or later as part of a separate lawsuit.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)
The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

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.

SAMPLE LEGAL CASES

In re Estate of Feinberg

This case involves a dispute among the surviving children and grandchildren of Max and Erla Feinberg regarding the validity of a trust provision. The circuit court of Cook County found the trust provision unenforceable on the basis that it is contrary to the public policy of the state ...

In re Estate of Feinberg

In re ESTATE OF 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 ...

In re Estate of Ellis

Grace Ellis executed a will in 1964 naming Shriners Hospitals for Children (Shriners) as beneficiary of her estate if she died without direct descendants. In 1999, she executed a new will naming James G. Bauman as sole beneficiary. Bauman was the pastor of the church of which ...