Elsah Estate Planning Lawyer, Illinois

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Jay C. Hoffman

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

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Timothy Fisher Campbell

Real Estate, Estate Planning, Workers' Compensation, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  53 Years

Leonard F Berg

Estate Planning, Consumer Protection, Elder Law, Constitutional Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  48 Years

Rosalind Robertson

Estate Planning, International Intellectual Property, Intellectual Property, Elder Law, Civil & Human Rights
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  23 Years

John W. Hoefert

Wills, Estate Planning, Insurance, Car Accident
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  45 Years

James E. Schrempf

Real Estate, Municipal, Government, Estate Planning, Commercial Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  49 Years

Laef Nicholas Lorton

Federal Appellate Practice, Estate Planning, Estate, Accident & Injury, Insurance
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  23 Years

Stephen C. Jones

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

William Strang

Federal Appellate Practice, Estate Planning, Civil Rights, Transactions
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  46 Years

George P. Wittman

Real Estate, Federal Appellate Practice, Estate Planning, Estate, Wills & Probate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  55 Years

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

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800-814-6700

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LEGAL TERMS

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)
Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)
Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)
(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

NET ESTATE

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

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)
Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

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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