Elmwood Park 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

Jonathan Douglas Groll

Estate Planning, Elder Law, Transactions, Business

Status: In Good Standing Licensed: 29 Years

CONTACT

830 North Blvd, Oak Park, IL 60301

Jonathan Groll

Estate Planning, Elder Law, Transactions, Business

Status: In Good Standing Licensed: 29 Years

CONTACT

830 North Blvd, Oak Park, IL 60301

Peter Joseph Latz

Commercial Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 38 Years

CONTACT

104 N Oak Park Ave, Oak Park, IL 60301

Daniel Francis Marren

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing Licensed: 36 Years

CONTACT

104 N Oak Park Ave, Oak Park, IL 60301

Mark Singler

Estate Planning, Transactions, Wills & Probate

Status: In Good Standing Licensed: 23 Years

CONTACT

104 N. Avenue, Oak Park, IL 60301

Matthew James Swank

Estate Planning, Estate, Elder Law, Transactions

Status: In Good Standing Licensed: 16 Years

CONTACT

104 N Oak Park Ave, Oak Park, IL 60301

Peter Latz

Commercial Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 38 Years

CONTACT

104 N Oak Park Ave, Oak Park, IL 60301

Daniel Marren

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing Licensed: 36 Years

CONTACT

104 N Oak Park Ave, Oak Park, IL 60301

Evelyn Claire Gross

Estate Planning, Elder Law, Transactions, Business & Trade

Status: In Good Standing Licensed: 47 Years

CONTACT

410 Lake St, Oak Park, IL 60302

Robert Francis Blyth

Elder Law, Estate Planning, Transactions, Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

3808 N Central Ave, Chicago, IL 60634

800-923-0641

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LEGAL TERMS

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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.'

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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.

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.'

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.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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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Elmwood Park Estate Planning Lawyer, Illinois, page 3

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Jonathan Douglas Groll

Jonathan Groll

Peter Joseph Latz

Daniel Francis Marren

Mark Singler

Matthew James Swank

Peter Latz

Daniel Marren

Evelyn Claire Gross

Robert Francis Blyth

TIPS

LEGAL TERMS

INTER VIVOS TRUST

AB TRUST

BEQUEATH

AUGMENTED ESTATE

SELF-PROVING WILL

LIVING TRUST

ENDOWMENT INSURANCE

KINDRED

SPRINKLING TRUST

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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