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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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Cosmo Tedone

Criminal, Divorce & Family Law, Real Estate, Estate Planning, DUI-DWI

Joliet Criminal Defense Lawyer

Cosmo J. Tedone was born on December 13, 1966 in Manchester, Connecticut. Prior to forming the law firm, Tedone & Morton, P.C., he was the senior asso... (more)

FREE CONSULTATION

CONTACT

815-666-1285

58 N. Chicago Street, Joliet, IL 60432

Robert J Zapolis

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

Status: In Good Standing

FREE CONSULTATION

CONTACT

9991 W. 191st St., Mokena, IL 60448

T. Andrew Coyle

Trusts, Family Law, Divorce, Americans with Disabilities Act

Status: In Good Standing Licensed: 17 Years

CONTACT

131 E 9Th St, Lockport, IL 60441

Timothy Andrew Coyle

Elder Law, Estate Planning, Guardianships & Conservatorships

Status: In Good Standing Licensed: 18 Years

CONTACT

131 E 9Th St, Lockport, IL 60441

John Klunk

Traffic, Estate Planning, DUI-DWI, Transactions

Status: In Good Standing Licensed: 40 Years

CONTACT

916 S State St, Lockport, IL 60441

John Francis Klunk

Traffic, Estate Planning, DUI-DWI, Transactions

Status: In Good Standing Licensed: 40 Years

CONTACT

916 S State St, Lockport, IL 60441

Mazyar Malek Hedayat

Litigation, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1211 W Lakeview Ct, Romeoville, IL 60446

Mazyar Hedayat

Litigation, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1211 W Lakeview Ct, Romeoville, IL 60446

Alonzo Houff Zahour

Federal Appellate Practice, Estate Planning, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 50 Years

CONTACT

235 Remington Blvd, Bolingbrook, IL 60440

Emily Klunk-mcasey

Criminal, Estate Planning, Transactions, Wills & Probate

Status: In Good Standing Licensed: 19 Years

CONTACT

920 S State Street, Lockport, IL 60441

800-923-0641

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LEGAL TERMS

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.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

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 ...

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Lockport Estate Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Cosmo Tedone

Robert J Zapolis

T. Andrew Coyle

Timothy Andrew Coyle

John Klunk

John Francis Klunk

Mazyar Malek Hedayat

Mazyar Hedayat

Alonzo Houff Zahour

Emily Klunk-mcasey

TIPS

LEGAL TERMS

TRUSTEE

CERTIFIED COPY

EXECUTOR

NONPROBATE

BYPASS TRUST

DEVISEE

GRANTOR RETAINED INCOME TRUST

GENERATION-SKIPPING TRANSFER TAX

ABSTRACT OF TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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