Cook County, IL Wills & Probate Lawyers, page 7

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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: Estate Administration, Living Wills, Wills

Nathan Jon Reusch

Foreclosure, Immigration, Wills & Probate, Bankruptcy

Status: In Good Standing

CONTACT

141 W. Jackson Blvd., Chicago, IL 60604

Tobin James Taylor

Real Estate, Wills & Probate, Trusts, Elder Law

Status: In Good Standing Licensed: 28 Years

CONTACT

33 N Dearborn St, Chicago, IL 60602

Gerald Loren Schenk

Wills & Probate, Estate Planning, Business & Trade, Business

Status: In Good Standing

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1938 N Fremont St, Chicago, IL 60614

Amanda Marie Byrne

Wills & Probate, Estate Planning, Divorce, Elder Law

Status: In Good Standing

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155 North Wacker Drive, Chicago, IL 60606

Timothy George Carroll

Tax, Wills & Probate, Estate Planning, Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

333 W Wacker Dr, Chicago, IL 60606

Kathryn Crow Casey

Wills & Probate, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 23 Years

CONTACT

65 E Wacker Pl, Chicago, IL 60601

Daniel J. Winter

Foreclosure, Wills & Probate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

3330 Old Glenview Rd, Wilmette, IL 60091

Lawrence Brad Swibel

Real Estate, Wills & Probate, Merger & Acquisition, Banking & Finance

Status: In Good Standing

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200 West Madison, Chicago, IL 60606

Alan E. Sohn

Wills & Probate, Estate Planning, Transactions, Business & Trade

Status: In Good Standing

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801 Skokie Blvd, Northbrook, IL 60062

John P. Kelley

Business Organization, Estate Planning, Family Law, Wills & Probate

Status: In Good Standing

CONTACT

1535 W Schaumburg Rd, Schaumburg, IL 60194

800-923-0641

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LEGAL TERMS

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.

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.

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.

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.'

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

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.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

SAMPLE LEGAL CASES

In re Estate of Ellis

... Bauman was the pastor of the church of which Ellis was a member. When Ellis died in 2003, the 1999 will was admitted to probate. ... The circuit court of Cook County dismissed all counts as untimely pursuant to section 8-1 of the Probate Act of 1975 (755 ILCS 5/8-1 (West 2006)). ...

Wackrow v. Niemi

... James Woods died in August 2002. Letters of office were issued and Woods' will was admitted to probate on October 23, 2002. ... The estate did not deliver the property or the $300,000 to plaintiff. On October 24, 2003, the probate court denied plaintiff's claim against the estate. ...

In re Estate of Feinberg

... freedom. The Probate Act places only two limits on the ability of a testator to choose the objects of his bounty. ... desire. Under the Probate Act, Max and Erla had no obligation to make any provision at all for their grandchildren. ...

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Cook County, IL Wills & Probate Lawyers, page 7

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Nathan Jon Reusch

Tobin James Taylor

Gerald Loren Schenk

Amanda Marie Byrne

Timothy George Carroll

Kathryn Crow Casey

Daniel J. Winter

Lawrence Brad Swibel

Alan E. Sohn

John P. Kelley

TIPS

LEGAL TERMS

SPECIFIC BEQUEST

ESTATE TAXES

TRUST DEED

BEQUEATH

INVESTOR

DEATH TAXES

ENDOWMENT INSURANCE

WILL

PROVING A WILL

SAMPLE LEGAL CASES

In re Estate of Ellis

Wackrow v. Niemi

In re Estate of Feinberg

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