Glen Carbon Estate Planning Lawyer, Illinois

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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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Includes: Gift Taxation

J. William Lucco

Litigation, Estate Planning, White Collar Crime, Criminal, Personal Injury

Status:

CONTACT

224 St. Louis Street, Edwardsville, IL 62025

Ronald Motil

Workers' Compensation, Estate Planning, DUI-DWI, Traffic

Status: Licensed: 42 Years

CONTACT

Glen Carbon, IL 62034

Michelle Weber

Estate Planning, Child Custody

Status: Licensed: 21 Years

CONTACT

2225 N Center St, Maryville, IL 62062

Teri Lynn Havron

Litigation, Estate Planning, Business, Estate

Status: Licensed: 15 Years

CONTACT

2227 South State Route 157, Edwardsville, IL 62025

Frank Louis Flanigan

Commercial Real Estate, Estate Planning, Estate, Transactions

Status: Licensed: 64 Years

CONTACT

666 Notre Dame Ave, Edwardsville, IL 62025

Alicia Jeanne Downs

Estate Planning, Divorce & Family Law, Transactions, Business & Trade, Business

Status: Licensed: 25 Years

CONTACT

633 Schwarz Rd, Edwardsville, IL 62025

Eric Jon Carlson

Estate Planning, Workers' Compensation, Family Medical Leave Act (FMLA), Employment, Personal Injury

Status: Licensed: 30 Years

CONTACT

411 St Louis St, Edwardsville, IL 62025

Kendra Anne Wolters

Agribusiness, Estate Planning, Household Mold, Products Liability

Status:

CONTACT

105 W Vandalia, Edwardsville, IL 62025

Lauren Koebel Reed

Divorce, Estate Planning, Criminal, Family Law

Status: Licensed: 23 Years

CONTACT

60 South Highway 157, Edwardsville, IL 62025

Gregory Wayne Coffey

Estate Planning, Transactions, Corporate, Business

Status: Licensed: 41 Years

CONTACT

125 North Buchanan, Edwardsville, IL 62025

800-814-6700

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LEGAL TERMS

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.

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.

FUNDING A TRUST

Transferring ownership of property to a trust.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

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.

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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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Glen Carbon Estate Planning Lawyer, Illinois

Sponsored Law Firm

Hunsinger, Boyd Odom, & Goss, LLP

SPONSORED LAWYERS

J. William Lucco

Ronald Motil

Michelle Weber

Teri Lynn Havron

Frank Louis Flanigan

Alicia Jeanne Downs

Eric Jon Carlson

Kendra Anne Wolters

Lauren Koebel Reed

Gregory Wayne Coffey

TIPS

LEGAL TERMS

DISTRIBUTEE

GENERATION-SKIPPING TRANSFER TAX

FUNDING A TRUST

SUCCESSOR TRUSTEE

FINAL BENEFICIARY

PERSONAL PROPERTY

ESTATE TAXES

SPECIAL ADMINISTRATOR

ADEMPTION

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

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