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Downers Grove Estate Tax Attorneys | Estate Tax Lawyers, Downers Grove, IL

Downers Grove Estate Tax Attorneys | Estate Tax Lawyers, Downers Grove, IL

Our Downers Grove estate tax attorneys will amaze you with our above-and-beyond client service and affordable rates. They have the experience in advanced estate planning necessary to assist you in minimizing or eliminating estate tax when you pass.

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Downers Grove Estate Tax Attorneys

Provide Excellent Service in:

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Downers Grove Estate Tax Attorneys

Downers Grove Estate Planning Attorney

Please contact our friendly

Downers Grove Estate Tax Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Downers Grove

5002 Main St, Ste. 201
Downers Grove
,
IL
60515
Get Directions

See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.  ​​​

Hours: 
9 am - 5 pm, Mon-Fri

Our  Office Locations: 

Downers Grove Attorneys, Downers Grove Attorney, Downers Grove Lawyer, Downers Grove Lawyers

Downers Grove

5002 Main St, Ste. 201 Downers Grove, IL 60515

Naperville Attorney, Naperville Attorneys, Naperville Lawyers, Naperville Lawyer

Naperville

105 Jackson Avenue, Ste. 4b Naperville, IL 60540

Elmhurst Lawyer, Elmhurst Lawyers, Elmhurst Attorneys, Elmhurst Attorney

Elmhurst

​110 E. Schiller Street, Ste. 220B ​Elmhurst, IL 60126

Lake in the Hills Attorneys, Lake in the Hills Attorney, Lake in the Hills Lawyer, Lake in the Hills Lawyers

Lake in the Hills

8411 Pyott Road, Ste. 107, ​Lake in the Hills, IL 60156

Tinley Park Attorney, Tinley Park Attorneys, Tinley Park Lawyer, Tinley Park Lawyers

Tinley Park

​16557 Oak Park Avenue, Ste. B, Tinley Park, IL 60477

St. Charles Attorneys, St. Charles Lawyers, St. Charles Attorney, St. Lawyer

St. Charles

210 S Fifth St, Ste. 107B, St. Charles, IL 60174

Here's What Our Clients Have to Say:

John Paul Clancy
Says...

"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."

Kevin Sender
Says...

"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."

Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!

An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.

DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
John Paul Clancy
Says...
"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Kevin Sender
Says...
"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."
DuPage Family Law AttorneyDowners Grove Estate Planning Attorney
Mike Stehlik
Says...
"Kevin and his team are my "Go To" resource for clients that need estate planning"
Kevin Koc
Says...
Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!
Stephen Petersen
Says...
An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
Troy Golden
Says...
Kevin is an excellent attorney. He helped me incorporate by business and provides legal counsel as need. I highly recommend him.
Estate Planning Lawyer Downers Grove IL

Meet Our Owner

Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.

Click Here for Videos, Podcasts, and Articles by Our

Downers Grove Estate Tax Attorneys

Downers Grove Estate Tax Attorneys | Estate Tax Lawyers, Downers Grove, IL

Or Continue Scrolling Below to Browse some of our Most Helpful Articles

How To Avoid Estate Tax in Illinois

Downers Grove Estate Tax Lawyers

Downers Grove estate tax attorney Kevin O'Flaherty of O'Flaherty Law explains estate tax and discusses some tools used to avoid it or minimize it.

Downers Grove Estate Tax Lawyers

In this article, our Downers Grove estate tax lawyers explain ways to minimize and avoid federal and Illinois estate tax. The Illinois estate tax exemption is $4 million. This means that any assets that you possess above $4 million will be taxable when you pass. However, attorneys can use AB trusts to allow spouses to take advantage of each other's estate tax exemptions, which can effectively raise your exemption as a couple to $8 million.

‍​Irrevocable life insurance trusts are used by attorneys to remove the death benefit of your life insurance policies from your taxable estate.

​The article goes on to describe the functions of grantor-retained annuity trusts, grantor-retained interests trusts, and grantor-retained unitrust.

Read the full article by our Downers Grove trust attorneys about how to use trusts to accomplish your estate planning goals.  

What Types of Taxes Have to Be Filed When Someone Dies?

Downers Grove estate tax lawyer Kevin O'Flaherty explains the different types of taxes that must be filed when an individual passes away in Illinois

Estate Tax Attorneys Downers Grove IL

In this article, our Downers Grove estate tax attorneys discuss the different types of taxes that a trustee or executor must file when managing an estate.  We discuss the difference between a final federal and state income tax return, a federal or state estate income tax return, and federal and state estate tax.

Read the full article by our Downers Grove trust attorneys explaining the the different types of taxes on estates. 

Using a Revocable Living Trust to Avoid Probate Court

Downers Grove estate tax attorney Kevin O'Flaherty explains how to use revocable living trusts to avoid probate in Illinois.

Estate Tax Lawyers Downers Grove IL

In this article, our Downers Grove estate tax attorneys describe revocable living trusts and how they can be used as part of your estate plan to avoid the stressful and costly process of probate court.  Probate may cost 5% to 10% of your estate in attorney fees and court costs. This process is necessary for most people who own real estate outside of a trust.  Our Downers Grove estate tax attorneys will assist you by drafting a revocable living trust that makes probate unnecessary. You can then transfer your major assets to the trust during your lifetime to insure it be dealt with outside of probate.

Read the full article by our Downers Grove estate tax attorneys on how to avoid probate with Revocable Living Trusts. 

ESTATE PLANNING GOALS: DISTRIBUTION OF ASSETS

In this Learn About Law podcast & videoblog, attorney Kevin O'Flaherty of O'Flaherty Law explains how an estate plan can help you with the first goal of a good estate plan: Appointment of Fiduciaries and Distribution of Assets. For the sake of readability, I have broken this article into two parts. This “part A” will discuss distribution of assets, “part B” will discuss appointment of fiduciaries.

Further Reading From Our 

Downers Grove Estate Tax Attorneys