Villa Park Wills & Probate Lawyer, Illinois, page 2

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Includes: Estate Administration, Living Wills, Wills

Lora Ann Matthews Fausett

Commercial Real Estate, Landlord-Tenant, Wills, Business & Trade, Real Estate Other
Status:  In Good Standing           Licensed:  32 Years

Janet Lynn Sullivan

Wills & Probate, Trusts, Elder Law, Americans with Disabilities Act
Status:  In Good Standing           Licensed:  36 Years

Gary Fernandez

Tax, Real Estate, Estate, Wills & Probate, Business
Status:  In Good Standing           Licensed:  44 Years

Michael V. LoCicero

Wills, Wills & Probate, Family Law, Constitutional Law
Status:  In Good Standing           Licensed:  43 Years

Thomas E. Long

Estate Planning, Trusts, Wills & Probate, Real Estate
Status:  In Good Standing           Licensed:  32 Years

Meredith Briar Fahrner

Wills & Probate, Transportation & Shipping, Litigation
Status:  In Good Standing           Licensed:  14 Years

Christine A Boyle

Estate Planning, Wills & Probate, Lawsuit & Dispute
Status:  In Good Standing           Licensed:  30 Years

Alex Ranjha

Residential Real Estate, Wills, Estate Planning
Status:  In Good Standing           

Judith V. Stein

Real Estate, Trusts, Wills & Probate, Elder Law
Status:  In Good Standing           Licensed:  37 Years

Joseph Wleklinski

Tax, Wills & Probate, Divorce & Family Law, Business & Trade
Status:  In Good Standing           Licensed:  36 Years

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LEGAL TERMS

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.

CREDIT SHELTER TRUST

See AB trust.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)
Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)
A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

SURROGATE COURT

See probate court.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

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. ...