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John Lynch
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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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Stephen Newland

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Accident & Injury, Foreclosure, Estate, Estate Planning

Stephen S. Newland obtained his undergraduate degree in political science from the University of Illinois in Urbana-Champaign. Steve then went on to r... (more)

FREE CONSULTATION

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800-943-5201

1512 Artaius Parkway, Suite 300, Libertyville, IL 60048

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)

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815-666-1285

58 N. Chicago Street, Joliet, IL 60432

Monica P Patankar

Real Estate, Tax, Divorce & Family Law, Estate Planning, Personal Injury

Aurora, IL Estate Planning & Business Law Attorney

Monica P. Patankar is a partner with the law firm of Patankar Law P.C. Monica takes a compassionate approach to helping clients solve their legal issu... (more)

CONTACT

630-820-8877

1700 North Farnsworth Ave., Aurora, IL 60505

Michael A. Goldberg

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Estate, Estate Planning, Trusts, Wills & Probate, Estate Administration

I am a lifelong Chicagoland resident with a passion for helping families plan their estates so their loved ones are cared for upon their passing. I ut... (more)

FREE CONSULTATION

CONTACT

847-549-0600

350 N. Milwaukee Avenue, Libertyville, IL 60048

Deanna Lynne Aguinaga Walker

Estate, Estate Planning, Residential Real Estate, Bankruptcy & Debt, Wills & Probate

Geneva Estate Planning Lawyer

Deanna L. Aguinaga Walker is a well-versed attorney who concentrates her practice in the areas of estate planning, bankruptcy, residential real estate... (more)

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CONTACT

331-222-7978

28 N. 1st St., Suite 101, Geneva, IL 60134

Marissa Rivera Hanson

Divorce & Family Law, Estate Planning, Real Estate, Criminal, Personal Injury

Marissa’s main areas of concentration are family law matters such as Divorce, Child Custody, Child Support, Paternity, Visitation and Adoption. Mari... (more)

FREE CONSULTATION

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630-844-8781

431 Williamsburg Avenue, Geneva, IL 60134

James P. Leahy

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Workers' Compensation, Personal Injury, Estate

Straightforward Effective Representation Since 1976Law Office of James P. Leahy1275 Davis RoadElgin, Illinois 60123Telephone: (847) 695-9806Fax: (847)... (more)

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847-695-9806

1275 Davis Rd, Elgin, IL 60123

Richard C. Slocum

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Estate

Richard C. Slocum is a practicing lawyer in the state of Illinois handling estate matters.

CONTACT

630-897-8764

1999 W Downer Place, Aurora, IL 60506

Fred Larbi Otchere

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Estate

I am Fred Otchere. I am licensed to practice law in the state of Illinois. I specialize in Estate Planning: Wills, Trusts, Power of Attorney... (more)

CONTACT

847-331-2273

2211 Cardinal Ct, Gurnee, IL 60031

Janet Rae Montgomery

Business Organization, Estate Planning, Wills & Probate, Real Estate

Status: In Good Standing

CONTACT

Daluga & Boland, LLC, Chicago, IL 60606

800-923-0641

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LEGAL TERMS

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

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.

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.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation 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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Chicago Estate Lawyer, Illinois, page 4

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Stephen Newland

Cosmo Tedone

Monica P Patankar

Michael A. Goldberg

Deanna Lynne Aguinaga Walker

Marissa Rivera Hanson

James P. Leahy

Richard C. Slocum

Fred Larbi Otchere

Janet Rae Montgomery

TIPS

LEGAL TERMS

RESIDUARY ESTATE

GENERATION-SKIPPING TRANSFER TAX

SUCCESSION

PERSONAL PROPERTY

LAPSE

QTIP TRUST

DEATH TAXES

SPRINKLING TRUST

ACCUMULATION TRUST

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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