Odell Estate Planning Lawyer, Illinois

Sponsored Law Firm

x
Click For More Info:

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
1. Contact
2. Email
3. Refer
5. Visit:
6. Website
7. Profile

Includes: Gift Taxation

Rodney H. Loy

International Tax, Estate Planning

Status: Licensed: 56 Years

CONTACT

207 N Crestview Dr, Pontiac, IL 61764

Sarah Ruth Duffy

Personal Injury, Collection, Divorce, Estate Planning

Status: Licensed: 18 Years

CONTACT

210 N Main St, Pontiac, IL 61764

Sarah Duffy

Personal Injury, Collection, Divorce, Estate Planning

Status: Licensed: 18 Years

CONTACT

210 N Main St, Pontiac, IL 61764

Edward Joseph Legner

Municipal, Estate Planning, Estate, Transactions

Status: Licensed: 52 Years

CONTACT

204 N Main St, Pontiac, IL 61764

Robert Caughey

Tax, Municipal, Wills & Probate, Estate Planning, International Tax

Status: Licensed: 59 Years

CONTACT

204 N Main St, Pontiac, IL 61764

Nicholas Ehrgott

Commercial Real Estate, International Tax, Estate Planning, Elder Law

Status: Licensed: 13 Years

CONTACT

204 N Main St, Pontiac, IL 61764

Janine Boggs

Estate Planning, Workers' Compensation, DUI-DWI, Personal Injury

Status: Licensed: 39 Years

CONTACT

318 W Madison St, Pontiac, IL 61764

C. Thomas Blakeman

International Tax, Estate Planning, Transactions, Business

Status: Licensed: 50 Years

CONTACT

307 W Washington, Pontiac, IL 61764

Steven Sendziak

Commercial Real Estate, Estate Planning

Status: Licensed: 68 Years

CONTACT

13195 E 1920 North Rd, Pontiac, IL 61764

800-814-6700

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

Call me for fastest results!
800-814-6700

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

By submitting this request, I authorize you to forward my information to multiple potential lawyers and I agree to your Terms of Use and Privacy Policy including the Consent to Receive Automated Phone Calls, Emails and Texts. Information you provide is not privileged or confidential.

LEGAL TERMS

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

FAILURE OF ISSUE

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

BENEFICIARY

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

TESTAMENTARY TRUST

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

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent 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.

NET ESTATE

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

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 ...

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

Odell Estate Planning Lawyer, Illinois

Sponsored Law Firm

Hunsinger, Boyd Odom, & Goss, LLP

SPONSORED LAWYERS

Rodney H. Loy

Sarah Ruth Duffy

Sarah Duffy

Edward Joseph Legner

Robert Caughey

Nicholas Ehrgott

Janine Boggs

C. Thomas Blakeman

Steven Sendziak

TIPS

LEGAL TERMS

LIVING TRUST

FAILURE OF ISSUE

BENEFICIARY

TESTAMENTARY TRUST

ADEMPTION

TRUST MERGER

CONTINGENT BENEFICIARY

GENERATION-SKIPPING TRANSFER TAX

NET ESTATE

SAMPLE LEGAL CASES

Dunn v. Patterson

Fitch v. McDermott, Will and Emery, LLP

In re Estate of Henry

SORT BY:

FILTER BY:

PRACTICE AREAS 30

NEARBY CITY SUGGESTIONS