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Kevin's firm handled setting up my will and trust recently. They took something that seemed intimidating and made it easy to understand. I've also referred a couple clients to Kevin - he's trustworthy, approachable and very fairly priced.
"I've used Kevin and his firm's services since 2011. He gave undivided attention to my cases, advised me on different options and..."
"Kevin was extremely professional, responsive and knowledgeable when I came to him for help. I would definitely recommend O'Flaherty Law!"
Choosing the right law firm can change everything. At O’Flaherty Law, we pride ourselves on transparency, responsiveness, and personalized care. See how we compare to the industry standard.
Our Lake in the Hills estate tax attorneys take great pride in their outstanding customer service and affordable rates. We have extensive knowledge in advanced estate planning. We can assist you in eliminating or minimizing estate tax when you pass.
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Please contact our friendly lawyers to Schedule a Consultation.
The purpose of a 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.
Schedule a ConsultationLearn More About The Firm8411 Pyott Rd., Ste. 107
Lake in the Hills, IL 60156
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I am personally committed to ensuring that each one of our clients receives the highest level of client service from our team. Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys. Many of our clients are going through difficult times in their lives when they reach out to us. They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates. We are here to help!
Our Lake in the Hills estate tax lawyers discuss multiple ways to avoid and minimize federal and Illinois estate tax. The estate tax exemption in Illinois is four million dollars this means that any assets you may possess above four million dollars will be subject to tax when you pass. Luckily our Lake in the Hills estate tax attorney are able to use AB trust to allow spouses to take advantage of one another estate tax exemption. These AB trust are able to effectively raise your exemptions to eight million dollars as a couple.
Additionally, Irrevocable life insurance trust are often used by attorneys to eliminate the death benefit of your life insurance policies from your taxable estate. This article also goes into further detail on the objective of grantor-retained annuity trusts, grantor-retained interests trusts, and grantor-retained unitrust.
Our Lake in the Hills estate tax attorneys explain different ways to transfer assets to your revocable living trust. Discussed are the multiple different classes of estates that may include retirement accounts, insurance policies, real estate as well as checking and savings accounts. We also discuss how said assets must be titled to ensure that your estates plan is effective and preserves your assets.
In this article, our Lake in the Hills t estate tax attorneys explain revocable living trust and how to add them into your estate plan to avoid costly and stressful probate. Probate is necessary when real estate is owned outside of a trust, probate can cost from 5% to 10% of your estate in court cost and attorney fees.
Our Lake in the Hills estate tax attorneys will help draft a revocable living trust to make probate unnecessary. Additionally, you can transfer any major assets to the trust at any point during your lifetime to ensure the assets will be dealt with outside of probate.
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