Willowbrook Estate Planning Lawyer, Illinois, page 5

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Includes: Gift Taxation

Bradley Howard Costello

Business Organization, Estate Planning, Residential Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  38 Years

Melissa Grisoni

Commercial Real Estate, Real Estate, Estate Planning, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  13 Years

Paul Barr Garver

Estate Planning, Estate, Transactions, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  22 Years

Lynn Graham

Commercial Real Estate, Estate Planning, Estate, Transactions, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  16 Years

Stephanie Sainsbury Angliss

Commercial Real Estate, Lawsuit & Dispute, Estate Planning, Elder Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  12 Years

Laura Sluis

Estate Planning, Estate, Elder Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Nicholas Alfred Beis

Estate Planning, Elder Law, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

William Ellsworth

Commercial Real Estate, International Tax, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  17 Years

Michael Drabant

Real Estate, Estate Planning, Estate, Divorce & Family Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  15 Years

John Hubeny

Traffic, Estate Planning, Criminal, Transactions, Commercial Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  43 Years

Free Help: Use This Form or Call 800-814-6700

Member Representative

Call me for fastest results!
800-943-8690

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LEGAL TERMS

NET ESTATE

The value of all property owned at death less liabilities or debts.

MARITAL LIFE ESTATE TRUST

See AB trust.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)
Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

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.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)
A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

FUNDING A TRUST

Transferring ownership of property to a trust.

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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