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:

Our McHenry County Estate Tax Lawyers Can Assist you with All Of Your Estate planning Needs:

See if you qualify for a Tax Appeal

You Don't Have to Leave Your Home For Your

Estate Tax

Matter

In this video, attorney Kevin O'Flaherty describes ways you can receive legal services from the comfort of home.

Take the Next Step: Schedule a Free Consultation With Our

McHenry County 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

McHenry County Estate Tax Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Lake in the Hills

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

Phone:

(847)231-2102

E-Mail:

info@oflaherty-law.com

Hours: 9 am - 7 pm Monday - Friday 11 am - 3pm Saturday 11 am - 2 pm Sunday

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

Some of Our Accomplishments

Naperville attorney
DuPage County Probate Attorney
Learn More About Our Firm
estate tax lawyer illinois

McHenry County 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.

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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

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.

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

Using Trusts to Avoid Probate

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.

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

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

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.

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

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