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McHenry County Estate Tax Attorneys

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.
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Smiling womanAttorney Kevin O'Flaherty

"Kevin was extremely professional, responsive and knowledgeable when I came to him for help. I would definitely recommend O'Flaherty Law!"

Top 3 Qualities to look for in Your Attorney

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We believe your attorney should not speak in legalese

Finding an attorney who is a “real person” can be difficult. Many attorneys surround themselves almost exclusively with other attorneys and are accustomed to speaking in ivory tower legalese.  You should be able to connect with your attorney on a personal level, and he or she should speak to you in plain language that you can understand.  You will be working very closely with this person on issues that are very important to you. It is important that he or she be down-to-earth and someone that you connect with.

We believe your attorney should be accessible

The most common complaint that clients have of their attorneys is that the attorney is unreachable, does not communicate with them regularly, or does not promptly return your calls.  Your attorney should reach out to you about your case regularly and respond within 24 hours to calls and e-mails.  An open line of communication between you and your attorney is essential to building trust.

We believe your attorney should be realistic with you about costs and outcomes

Your attorney’s goal should not be to win at all costs.  Rather, it should be to achieve a favorable outcome for you as efficiently as possible.  It is important that your attorney set realistic expectations at the outset as to the costs you should expect, the concerns that the attorney has about the outcome of your case, and the length of time that you should expect your case to take.

Regardless of the nature of your case, we have an experienced attorney who will focus on your individual needs. Our team of attorneys works closely together, bringing each of their different fields of experience to bear in order to optimize our client care.

Client Testimonials

Christi M.

Kevin's firm handled setting up my will and trust recently. They took something that seemed intimidating and made it easy to understand. I've also referred a couple clients to Kevin - he's trustworthy, approachable and very fairly priced.

Marvin

"I've used Kevin and his firm's services since 2011. He gave undivided attention to my cases, advised me on different options and..."

Rachel B.

"Kevin was extremely professional, responsive and knowledgeable when I came to him for help. I would definitely recommend O'Flaherty Law!"

More information about our McHenry County Estate Tax Attorneys

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.

Expertise Best Child Support Lawyers in Chicago 201710 Best 2016 Client Satisfaction American Institute of Family Law AttorneysAvvo Clients' Choice 2016 DivorceRising Stars Kevin P. O'Flaherty SuperLawyers.com10 Best Law Firms 2018 Client Satisfaction American Institute of Family Legal Counsel Attorneys Estate Planning Law40 under forty

Contact Us

Please contact our friendly lawyers to Schedule a Consultation.

(847) 231-2102
info@oflaherty-law.com

What to Expect From a Legal Consultation

The purpose of a 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.

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Location

Office Address

8411 Pyott Rd., Ste. 107

​Lake in the Hills, IL 60156

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Hours of Operation

Monday
9:00am - 6:00pm
Tuesday
9:00am - 6:00pm
Wednesday
9:00am - 6:00pm
Thursday
9:00am - 6:00pm
Friday
9:00am - 6:00pm
Saturday
Closed
Sunday
Closed

Attorneys

Meet the Owner

I am personally committed to ensuring that each one of our clients receives the highest level of client service from our team.  Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys.  Many of our clients are going through difficult times in their lives when they reach out to us.  They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates.  We are here to help!

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- Attorney Kevin O'Flaherty, Owner

Further Reading from our McHenry County Estate Tax Attorneys

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.

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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.

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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.

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