Bourbonnais Estate Lawyer, Illinois, page 2

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David Jaffe

Land Use & Zoning, Estate Planning, Elder Law, Corporate, Litigation
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

David Bergdahl

Real Estate, Government, Estate, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  33 Years

Deanna Carlson Webb

Real Estate, Estate, Environmental Law, Divorce & Family Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  19 Years

Emile Capriotti

Business & Trade, Civil Rights, Litigation, Estate Planning, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  34 Years

Glen Barmann

Litigation, Estate Planning, Estate, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  56 Years

Jack Raymond Beaupre

Personal Injury, DUI-DWI, Divorce, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  59 Years

James Dennis Marek

Real Estate, Lawsuit & Dispute, Estate, Accident & Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  58 Years

Joseph Charles Russo

Divorce & Family Law, Estate Planning, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  57 Years

Joseph Russo

General Practice
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  57 Years

Ketura Baptiste

Estate Planning, Family Law, Elder Law, Civil Rights
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  18 Years

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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

MARITAL LIFE ESTATE TRUST

See AB trust.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)
Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)
A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter 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.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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.

   More Legal Terms...

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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