PH: (847) 549-0600 FX: (847) 589-2263 Info@LawJTLG.com
PH: 847.549.0600 FX: 847.589.2263
What is the Illinois Estate Tax? Many Illinois residents are surprised to learn that Illinois has an Estate Tax separate from the more familiar Federal Estate Tax. The Illinois Estate Tax provides for a $4,000,000 exemption from tax per estate. If you have more than $4,000,000 in assets, it is important to speak with an... Read more »
What To Do If You Are Named Executor of a Will in Illinois If you have been named Executor of another person’s will in Illinois, then you are probably wondering what needs to be done during the person’s lifetime and upon their death. Acting as an Executor is a crucial role but one fraught with... Read more »
How to Find Assets of a Deceased Loved One When a person passes away, it is up to his or her Executor (if one was appointed in a Will) to find any assets of the estate. This is referred to as “marshaling the estate assets.” If the decedent had no Will then an Administrator may... Read more »
Navigating the Illinois Court System in Foreclosure If you are in foreclosure, upon receipt of the summons and complaint, you will receive information as to what court the foreclosure suit was filed in. The Illinois state courts have three levels: the circuit level, the appellate court, and the Illinois Supreme Court. If this is a... Read more »
What Assets are Considered Part of My Taxable Estate? As you may be aware, both the State of Illinois and the Federal government impose estate taxes. An estate tax is a tax that is levied upon a person’s death. The tax takes a percentage of a person’s entire estate. Both Illinois and the Federal government... Read more »
Should I Put My Home in an Illinois Land Trust? If you own a home you may have heard of an Illinois land trust. We real estate and estate planning lawyers at Johnston Tomei Lenczycki & Goldberg LLC often see clients with land trusts. Sometimes the land trust is beneficial, sometimes it is not. Whether... Read more »
What is a UTMA Account? If you have minor children, you may have heard of a UTMA account. UTMA stands for Uniform Transfer to Minors Act, and it governs how the money of a minor should be handled for the minor’s benefit. The UTMA permits the use of a UTMA account, which is a type... Read more »
The Mortgage Foreclosure Summons and Complaint After a bank has sent its notice of intent to accelerate, the next document a homeowner will receive will be the Mortgage Foreclosure Summons and Complaint. These documents will be served upon the homeowner at the homeowner’s residence. The Mortgage Foreclosure Summons will be directed to each named defendant in the foreclosure... Read more »
What Information do I need for an Estate Planning Initial Consultation? If you are interested in determining what estate planning you might need, you will want to gather the following information to be fully prepared for an initial consultation with an estate planning attorney: A List of Close Family Members. It is important for an... Read more »
Why Use a Transfer on Death Instrument? If you have real estate in Illinois then it is important to consider how your real estate may pass to your family upon your death. Transfer will depend on your current ownership, and whether you have a Will set up or if you have deeded your property to... Read more »
Phone Number: (847) 549-0600
Fax Number: (847) 589-2263
Libertyville Office
350 N. Milwaukee Ave., Ste. 202
Libertyville, IL 60048
Manchester Office
2100 Manchester Road, Suite 920
Wheaton, IL 60187