Galesburg Estate Planning Lawyer, Illinois

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Philip Koenig
About | Practice Areas
Koenig Law Firm
1515 4th Ave Suite 201 Rock Island, IL 61201» view map
Estate Law
Estate Planning. Wills & Trusts.

Attorney Philip E. Koenig has more than 30 years of experience in trusts, wills, estate planning, tax, real estate, and general business issues.

800-978-4870
1. Philip Koenig Rock Island, IL
  Attorney at Law- IL, 1975
  Southwestern University School of Law, J.D. 1975
2. AboutKoenig Law Firm
  Estate Planning. Wills & Trusts.
3. Practice AreasExpertise
  Estate Law
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2. Email
3. Refer
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Includes: Gift Taxation

John Michael Hanlon

Divorce & Family Law, Bankruptcy, Civil Rights, Estate Planning

Status: Licensed: 48 Years

CONTACT

318 Hill Arcade Bldg., Galesburg, IL 61401

Robert E. King

Estate Planning

Status: Licensed: 32 Years

CONTACT

2 E. South Street K-147, Galesburg, IL 61401

Elisa Nelson

Adoption, Estate Planning, Criminal, Divorce & Family Law

Status: Licensed: 19 Years

CONTACT

50 E Main St, Galesburg, IL 61401

Chad Mathew Long

Litigation, Trusts, Estate Planning, Collection

Status:

CONTACT

117 E Main St, Galesburg, IL 61401

Dawn Conolly

Commercial Real Estate, Estate Planning

Status: Licensed: 48 Years

CONTACT

64 S. Prairie Street, Galesburg, IL 61401

Carol Masden Simpson

Personal Injury, Civil Rights, Estate Planning, Litigation, Criminal

Status: Licensed: 45 Years

CONTACT

250 E Main St, Galesburg, IL 61401

Molly Palmer

Tax, Estate Planning, Transactions, International Tax, Administrative Law

Status:

CONTACT

250 E. Main Street, Galesburg, IL 61401

Bartosz A Wolek

Commercial Real Estate, Estate Planning, Family Law, Personal Injury

Status: Licensed: 10 Years

CONTACT

311 E Main St, Galesburg, IL 61401

Kenneth Hogan

Estate Planning, DUI-DWI, Criminal, Civil Rights

Status: Licensed: 30 Years

CONTACT

311 E Main St, Galesburg, IL 61401

Anthony Vaupel

Divorce & Family Law, Bankruptcy, Estate Planning, DUI-DWI

Status:

CONTACT

Galesburg, IL 61401

800-814-6700

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LEGAL TERMS

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

NET ESTATE

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

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

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.

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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Galesburg Estate Planning Lawyer, Illinois

Sponsored Law Firm

Koenig Law Firm

SPONSORED LAWYERS

John Michael Hanlon

Robert E. King

Elisa Nelson

Chad Mathew Long

Dawn Conolly

Carol Masden Simpson

Molly Palmer

Bartosz A Wolek

Kenneth Hogan

Anthony Vaupel

TIPS

LEGAL TERMS

ENDOWMENT INSURANCE

NET ESTATE

BANKRUPTCY ESTATE

TESTAMENTARY TRUST

ALTERNATE BENEFICIARY

PROBATE

MINERAL RIGHTS

TRUST DEED

INVESTOR

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

NEARBY CITY SUGGESTIONS