Champaign Estate Planning Lawyer, Illinois, page 2

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Zach Hunsinger
About | Practice Areas
Hunsinger, Boyd Odom, & Goss, LLP
19624 Governors Hwy. Ste. 1 Flossmoor, IL 60422» view map
Divorce & Family Law
Where Compassion Meets Action

Family issues can be stressful. Turn to Hunsinger, Boyd Odom, & Goss Law Group, LLP to get objective legal counsel for your situation.

800-905-9470
1. Zach Hunsinger Flossmoor, IL
  Attorney at Law- IL, 2013
  Loyola University Chicago School of Law, J.D. 2013
2. AboutHunsinger, Boyd Odom, & Goss Law Group, LLP
  Where Compassion Meets Action
3. Practice AreasExpertise
  Divorce & Family Law
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2. Email
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Includes: Gift Taxation

Wendy Shields Bauer

Litigation, Social Security, Estate Planning, Transactions

Status: Licensed: 36 Years

CONTACT

505 W. University Avenue, Champaign, IL 61820

Barbra Webber

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

Status: Licensed: 28 Years

CONTACT

411 W University Ave, Champaign, IL 61820

Tracy James Nugent

Litigation, Intellectual Property, Estate Planning, Business

Status: Licensed: 42 Years

CONTACT

306 W. Church St., Champaign, IL 61820

Todd James Black

Real Estate, Litigation, Estate Planning, Business & Trade

Status: Licensed: 40 Years

CONTACT

306 W. Church St., Champaign, IL 61820

Harold Neil Adams

Estate Planning, Estate, Transactions, Business

Status:

CONTACT

306 W. Church St., Champaign, IL 61820

Timothy Scott Jefferson

International Tax, Estate Planning, Transactions, Business, Estate

Status:

CONTACT

201 W Springfield Ave, Champaign, IL 61824

Roaa Al-heeti

State Appellate Practice, Estate Planning, Divorce, Transactions

Status: Licensed: 18 Years

CONTACT

2101 Windsor Place, Champaign, IL 61820

Jason Barickman

Estate Planning, Transactions, Business, Commercial Real Estate, Commercial Real Estate

Status: Licensed: 20 Years

CONTACT

Champaign, IL 61826

Paul Carter Hendren

Personal Injury, Estate Planning, Transactions, Municipal

Status: Licensed: 59 Years

CONTACT

Champaign, IL 61824

Stuart Mamer

Tax, Wills & Probate, Estate Planning, Transactions

Status: Licensed: 79 Years

CONTACT

30 Main Street, Champaign, IL 61824

800-814-6700

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LEGAL TERMS

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.

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.

DEED OF TRUST

See trust deed.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

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.

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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Champaign Estate Planning Lawyer, Illinois, page 2

Sponsored Law Firm

Hunsinger, Boyd Odom, & Goss, LLP

SPONSORED LAWYERS

Wendy Shields Bauer

Barbra Webber

Tracy James Nugent

Todd James Black

Harold Neil Adams

Timothy Scott Jefferson

Roaa Al-heeti

Jason Barickman

Paul Carter Hendren

Stuart Mamer

TIPS

LEGAL TERMS

RULE AGAINST PERPETUITIES

EXEMPTION TRUST

SURROGATE COURT

DEED OF TRUST

TRUSTEE

FINAL BENEFICIARY

NONPROBATE

ALTERNATE BENEFICIARY

SPECIFIC BEQUEST

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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PRACTICE AREAS 30

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