Our Naperville estate tax attorneys will "wow" you with our over the top customer service in a cost-effective manner. We have the skill and experience in advanced estate planning to help you eliminate or minimize your estate tax when you pass.
Please contact our friendly
Naperville Estate Tax Attorneys
at our nearest location to schedule a free consultation:
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
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An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
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.
In this Learn About Law podcast & videoblog, Naperville esatate tax lawyer Kevin O'Flaherty explains estate tax and discusses some tools used to avoid it or minimize it.
Our Naperville estate tax attorneys discuss ways to avoid or minimize Illinois and federal estate tax. We explain how revocable living trusts can be used to allow spouses to take advantage of one-another's estate tax exemption, essentially doubling the threshold asset amount at which each spouse has to worry about estate tax. We also explain how to use Irrevocable life insurance trusts to remove the death benefit of your life insurance policy from your taxable estate.
Naperville estate tax lawyer Kevin O'Flaherty explains how revocable living trusts work.
In this article our Naperville estate tax attorneys discuss how the new federal estate tax law should impact the estate tax planning of Illinois residents. The federal estate tax examption has been raised from approximately $5.5 million to approximately $11 million. This means that individuals with estates between $5.5 million and $11 million will no longer be subject to federal estate tax. However, estate tax is collected on both the federal and state level. Because the Illinois estate tax exemption remains at $4 million, the new federal law should not impact your estate planning. If you were a good candidate for estate tax planning prior to the new federal law, the same strategies will still make sense for the purpose of minimizing Illinois estate tax.
Naperville estate tax attorney Kevin O'Flaherty explains how to use revocable living trusts to avoid probate in Illinois.
In this article, our Naperville estate tax attorneys discuss revocable living trusts and explain how we can use them as part as your estate plan. Revocable Living Trusts are used to ensure that your estate does not go through probate when you pass. Probate is necessary for most individuals who own real estate outside of a trust. Probate is a year-long court case that can cost you 5% to 10% of your estate in attorney fees and court cost. We can help you draft a revocable living trust that will make probate unnecessary. This will allow you to transfer your major assets to the trust in your lifetime to insure that that they will be dealt with outside of probate instantly when you pass, without the need to pay an attorney.