CLINTON COUNTY, ILLINOIS WILL CONTEST ATTORNEY, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS ESTATE LITIGATION LAWYER, AN ELDERLY MOTHER CHANGED HER ESTATE PLAN IN REGARD TO FARM PROPERTY WORTH IN EXCESS OF $2,000,000, INSTEAD OF HER ESTATE BEING RECEIVED BY HER CHILDREN OF EQUAL SHARES UPON HER DEATH, CERTAIN CHILDREN THAT WERE FARMING THE FARMLAND WERE BASICALLY GIVEN A LIFE ESTATE THAT WOULD TERMINATE UPON THEIR DEATHS, SUCH THAT THEY WOULD CONTINUE AS THE TENANT FARMERS, AT A BARGAIN PRICE, TO THE EXCLUSION OF THE OTHER SIBLINGS THAT WERE THEN DEPRIVED OF RECEIVING THEIR RIGHTFUL INHERITANCE UPON THE DEATH OF THEIR MOTHER. INSTEAD OF THE OTHER SIBLINGS RECEIVING THEIR INHERITANCE UPON THE DEATH OF THEIR MOTHER, UPON THE TERMINATION OF THE LIFE ESTATES FOR THE CHILDREN CONTINUING WITH FARMING THE PROPERTY, THERE WAS THEN A PROVISION THAT THERE WOULD BE A DISTRIBUTION TO THE GRANDCHILDREN OF THE DECEDENT, WHICH MAY NOT OCCUR FOR DECADES. FURTHER, DEPENDING ON ANY CHANGES IN THE TAX LAW, THE ESTATE PLAN RAISED ISSUES IN REGARD TO THE GENERATION-SKIPPING EXEMPTION TAX. AVAILABLE TO REPRESENT CLIENTS FROM JEFFERSON COUNTY, MOUNT VERNON, NASON, INA, ILLINOIS.
CLINTON COUNTY, ILLINOIS WILL CONTEST ATTORNEY, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS ESTATE LITIGATION LAWYER, AN ELDERLY MOTHER CHANGED HER ESTATE PLAN IN REGARD TO FARM PROPERTY WORTH IN EXCESS OF $2,000,000, INSTEAD OF HER ESTATE BEING RECEIVED BY…