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Mark T. Neil Lawyer

Mark T. Neil

VERIFIED
Estate, Estate Planning, Trusts, Wills & Probate, Business
We Listen to Our Clients' Needs and Develop Practical Solutions.

Mark T. Neil is an Honors graduate of Shimer College and a graduate of Northwestern University School of Law. He served as law clerk to Honorable Howa... (more)

Ira  Silverstein Lawyer

Ira Silverstein

VERIFIED
Estate, Elder Law, Power of Attorney, Divorce & Family Law, Accident & Injury

Senator Ira I. Silverstein was first elected to the Illinois Senate in 1998. Throughout his tenure representing the 8th Senate District, he has been a... (more)

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800-887-2130

Michael  Zweig Lawyer

Michael Zweig

VERIFIED
Accident & Injury, Workers' Compensation, Bankruptcy & Debt, Estate, Divorce & Family Law

Mr. Zweig was admitted to the Illinois State Bar, New York State Bar, the California Federal Court and United States Army Court of Military Review in ... (more)

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)

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800-922-6780

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Erik B. Diggs Lawyer

Erik B. Diggs

VERIFIED
Divorce & Family Law, Estate

I am a problem solver, not just an Attorney. I look at the whole picture of the problem in order to help you resolve it, whether it is divorce, custod... (more)

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800-942-1310

John  Haderlein Lawyer

John Haderlein

VERIFIED
Bankruptcy, Estate, Real Estate

John Haderlein is an experienced attorney who has been licensed to practice law since 1988. He is licensed in Illinois, Wisconsin and California... (more)

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312-316-4614

Donna L. Otis Lawyer

Donna L. Otis

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Estate, Wills & Probate, Elder Law, Power of Attorney, Medicare & Medicaid

Donna L. Otis is recognized for her knowledge of elder law, estate planning, administration, and probate (including decedent's estates and guardianshi... (more)

Monica-Kaye (MK)  Gamble Lawyer

Monica-Kaye (MK) Gamble

VERIFIED
Estate, Business, Divorce & Family Law, Real Estate, Accident & Injury
experience working and representing businesses, government entities, and individuals in Illinois

The peace of mind attained through competent legal representation is priceless. We make this goal easily attainable. We strive to address individual... (more)

Kenneth  Stoppa Lawyer

Kenneth Stoppa

VERIFIED
Estate, Real Estate, Trusts, Wills & Probate

A founding member of the Law Offices of Garrido & Stoppa, P.C., Kenneth Stoppa is a dedicated attorney who consistently strives to provide affordable,... (more)

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Lawyer.com can help you easily and quickly find Chicago Estate Lawyers and Chicago Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)
A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)
A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

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.

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.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)
The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)
Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

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 ...