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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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2. Email
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Includes: Gift Taxation

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

Frank A Hauenschild

Estate Planning, Employment, Elder Law, Medical Malpractice

Status: In Good Standing Licensed: 36 Years

CONTACT

1938 E Lincoln Hwy, New Lenox, IL 60451

Mark Weidman

Commercial Real Estate, Estate Planning, Divorce & Family Law, Transactions

Status: In Good Standing Licensed: 31 Years

CONTACT

1938 E Lincoln Hwy, New Lenox, IL 60451

Frank Hauenschild

Estate Planning, Elder Law, Transactions, Personal Injury

Status: In Good Standing Licensed: 36 Years

CONTACT

1938 E Lincoln Hwy, New Lenox, IL 60451

Mark Joseph Weidman

Commercial Real Estate, Estate Planning, Divorce & Family Law, Transactions

Status: In Good Standing Licensed: 31 Years

CONTACT

1938 E Lincoln Hwy, New Lenox, IL 60451

Douglas Schlak

Commercial Real Estate, Land Use & Zoning, Estate Planning, Transactions

Status: In Good Standing Licensed: 50 Years

CONTACT

321 W Maple St, New Lenox, IL 60451

Douglas Winter Schlak

Commercial Real Estate, Land Use & Zoning, Estate Planning, Transactions

Status: In Good Standing Licensed: 50 Years

CONTACT

321 W Maple St, New Lenox, IL 60451

Donald Irvin Bettenhausen

Commercial Real Estate, Estate Planning, Transactions, Business

Status: In Good Standing Licensed: 43 Years

CONTACT

21146 Washington Pkwy, Frankfort, IL 60423

Donald Bettenhausen

Commercial Real Estate, Estate Planning, Transactions, Business

Status: In Good Standing Licensed: 43 Years

CONTACT

21146 Washington Pkwy, Frankfort, IL 60423

800-923-0641

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LEGAL TERMS

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.

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.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

KINDRED

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

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.'

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).

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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Manhattan Estate Planning Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Cosmo Tedone

Robert J Zapolis

Frank A Hauenschild

Mark Weidman

Frank Hauenschild

Mark Joseph Weidman

Douglas Schlak

Douglas Winter Schlak

Donald Irvin Bettenhausen

Donald Bettenhausen

TIPS

LEGAL TERMS

LAPSE

TRUST DEED

FAMILY ALLOWANCE

RULE AGAINST PERPETUITIES

KINDRED

SURVIVING SPOUSE'S TRUST

GROSS ESTATE

LIVING TRUST

PER CAPITA

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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