Hinsdale 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
1. Contact
2. Email
3. Refer
5. Visit:
6. Website
7. Profile

Includes: Gift Taxation

Mary Ann Covone

Litigation, Estate Planning, Business, Slip & Fall Accident, Personal Injury

Status: In Good Standing Licensed: 33 Years

CONTACT

915 W 55Th St, Western Springs, IL 60558

A. Charles Kogut

Trusts, Estate Planning, Estate, Criminal

Status: In Good Standing Licensed: 46 Years

CONTACT

600 W 22Nd St, Hinsdale, IL 60523

John Conway

Corporate, Civil Rights, Estate Planning, Intellectual Property

Status: In Good Standing Licensed: 31 Years

CONTACT

120 W 22Nd St, Hinsdale, IL 60523

John Conway

Corporate, Civil Rights, Estate Planning, Intellectual Property

Status: In Good Standing Licensed: 31 Years

CONTACT

120 W 22Nd St, Hinsdale, IL 60523

Richard K Holmberg

Estate Planning

Status: In Good Standing Licensed: 28 Years

CONTACT

6725 Kingery Hwy, Willowbrook, IL 60527

James Mosteller

Industry Specialties, Estate Planning, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

6725 Kingery Hwy, Willowbrook, IL 60527

Richard Holmberg

Estate Planning

Status: In Good Standing Licensed: 28 Years

CONTACT

6725 Kingery Hwy, Willowbrook, IL 60527

James Arthur Mosteller

Industry Specialties, Estate Planning, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

6725 Kingery Hwy, Willowbrook, IL 60527

Jeffrey Michael Hucek

Lawsuit & Dispute, Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

2001 Spring Road, Oak Brook, IL 60523

Jeffrey Hucek

Lawsuit & Dispute, Estate Planning, Estate, Business

Status: In Good Standing

CONTACT

2001 Spring Road, Oak Brook, IL 60523

800-923-0641

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LEGAL TERMS

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

MARITAL LIFE ESTATE TRUST

See AB trust.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

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.

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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Hinsdale Estate Planning Lawyer, Illinois, page 3

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Mary Ann Covone

A. Charles Kogut

John Conway

John Conway

Richard K Holmberg

James Mosteller

Richard Holmberg

James Arthur Mosteller

Jeffrey Michael Hucek

Jeffrey Hucek

TIPS

LEGAL TERMS

OFFICER

STATUTORY SHARE

MARITAL LIFE ESTATE TRUST

EXECUTOR

ADMINISTRATION (OF AN ESTATE)

TRUSTEE

POUR-OVER WILL

PER CAPITA

LAPSE

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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