no need to leave your home to receive legal consultations and services - Call or click to learn more about phone and video conferencing with our attorneys

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. We have extensive experience in advanced estate planning and will help you minimize or eliminate estate tax when you pass.

Our

Downers Grove Estate Tax Attorneys

Provide Excellent Service in:

No items found.
See if you qualify for a Tax Appeal

Take the Next Step: Schedule a Free Consultation With Our

Downers Grove Estate Tax Attorneys

What to Expect From a Consultation

The purpose of a free consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us. Although most consultations are complimentary, some may carry a charge depending on the type of matter and meeting location.

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
IL
60515
Downers Grove
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.  ​​​

9 am - 5 pm Mon - Friday
After 5 pm by Appointment
11 am - 3pm Saturday & 11 am - 2 pm Sunday by Appointment

Estate Planning Lawyer Downers Grove IL

Downers Grove Estate Tax Attorneys

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

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 in Illinois When Someone Dies?

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. 

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