Our Rock Island County estate tax attorneys help you create and maximize your estate plans' potential to reduce or eliminate taxes on your estate. Our estate tax & administration lawyers utilize wills, trusts, special needs trusts, revocable living trusts and other legal resources to create and maintain an estate plan that suits your needs.
Please contact our friendly
Rock Island County 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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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, Rock Island County estate tax attorney Kevin O'Flaherty of O'Flaherty Law explains estate tax and discusses some tools used to avoid it or minimize it.
In this article, our Rock Island County estate tax attorneys examine the estate planning tools available that are used to help reduce estate taxes in Rock Island County estates by using irrevocable trusts.
Reducing the amount of taxable assets in a taxable estate can transfer ownership of existing life insurance policies to an irrevocable trust or create the trust and transfer assets and money into it. For more information how irrevocable trusts help to reduce or avoid estate taxes click on the link below.
In this video, Rock Island County estate tax attorney Kevin O'Flaherty discusses the tax implications of gifts within an estate.
In this article, our Rock Island County estate tax attorneys discuss gift taxes levied on certain gifts made. These types taxes are applied to the giver and not the recipient of the gift and are applied only if it is over the federal exclusion amount and the person giving it has used their lifetime exclusion. Our Rock Island County estate tax attorneys explain gift taxes in Illinois and also on the federal level and answer:
In this video, Rock Island County estate tax attorney Kevin O'Flaherty explains Grantor Retained Income Trusts, Grantor Retained Annuity Trusts, and Grantor Retained Unitrusts
In this article, our Rock Island County estate tax attorneys explain:
These similar types of irrevocable trusts can be used in sophisticated estate plans that assists in receiving assets from a taxable estate while also allowing it to receive a monetary benefit from assets during the plans' lifetime.