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McHenry County Estate Tax Attorneys | Estate Tax Lawyers, McHenry County IL

McHenry County Estate Tax Attorneys | Estate Tax Lawyers, McHenry County IL

Our experienced McHenry County estate tax attorneys have the skill and experience to minimize or eliminate your exposure to state and federal estate tax when you pass in an effective and affordable manner.

Our

McHenry County Estate Tax Attorneys

Provide Excellent Service in:

Your Community Law Firm

Some of Our Accomplishments

Take the Next Step: Schedule a Free Consultation With Our

McHenry County Estate Tax Attorneys

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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

McHenry County Estate Tax Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Lake in the Hills

8411 Pyott Road, Ste. 107
Lake in the Hills
,
IL
60156
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 tax lawyer illinois

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

McHenry County Estate Tax Attorneys

McHenry County Estate Tax Attorneys | Estate Tax Lawyers, McHenry County IL

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

How to Minimize Estate Tax

McHenry County Estate Tax Lawyers

McHenry County estate tax attorney Kevin O'Flaherty explains how to avoid estate tax in Illinois.

McHenry County Estate Tax Lawyers

In this article, our McHenry County estate tax lawyers explain how estate tax works and some of the tools that we use to help our clients avoid it. Estate tax is taxed on both the federal and state level.  The Illinois estate tax exemption is $4 million. Our McHenry County estate tax attorneys use AB Trusts to allow married couples to take advantage of one-another's exemptions.  We use Irrevocable Life Insurance Trusts (ILITS) to remove your life insurance death benefit from your taxable estate.  We also use Grantory Retained Annuity Trusts, Grantor Retained Unitrusts, and Grantor Retained Income Trusts (GRITs, GRATs, and GRUTs) to allow business and real estate assets to accumulate in value wihtout the accumulated value being included in the taxable estate.

Read the full article by our McHenry County estate tax lawyers explaining estate tax planning strategies.

Using Trusts to Avoid Probate

McHenry County estate tax attorney Kevin O'Flaherty explains how to use trusts to avoid probate estates when you pass.

Estate tax attorney mchenry county il

In this article, our McHenry County estate tax lawyers explain how to use trusts to avoid probate. In addition to estate tax avoidance, your estate planning strategy should include probate avoidance. Probate is a court case that is required to distribute assets if you own any real estate outside of a trust or more than $100,000.00 outside of a trust or payable on death accounts when you pass. Our McHenry County estate tax attorneys use revocable and irrevocable trusts to ensure that your loved ones do not have to pay costly attorney fees and court costs for probate when you pass.

Read the full article by our McHenry County estate tax attorneys explaining how we use trusts to avoid probate.

How Will The Increased Federal Estate Tax Exemption Impact Illinois Estate Plans

McHenry County estate tax attorney Kevin O'Flaherty explains the different types of taxes that must be filed when someone passes.

estate tax lawyer mchenry county illinois

In this article, our McHenry County estate tax lawyers explain how the recent increase in the federal estate tax exemption will impact your estate planning in Illinois. Although the federal estate tax exemption was increased from $5.5 million to $11 million, the Illinois estate tax exemption remains at $4 million. This means that estate tax planning will remain important for Illinois residents if their combined assets including death benefit from their life insurance policies are likely to approach $4 million in the next several years.

Read the full article by our McHenry County estate tax lawyers explaining the increased federal estate tax exemption.

Our McHenry County Estate Tax Lawyers are Happy To Meet With You in Algonquin, Grafton, McHenry, Crystal Lake, Nunda, Lake in the Hills, Woodstock, Dorr, Huntly, Cary, Greenwood, or Any Other Location Convenient To You.

Further Reading From Our 

McHenry County Estate Tax Attorneys