Business Succession & Estate Planning


We represent businessmen, professionals, entrepreneurs and other high net worth individuals in structuring estate plans to minimize taxes and administrative expenses, protect the assets and assure that the estate is disposed of in accordance with a client’s wishes.

Each client receives personal attention and the plan is tailored to his or her unique circumstances. While some clients’ situations require sophisticated strategies, we recognize that many clients may need a more basic plan.

In the business succession area, we work with owners of closely held businesses to transfer both the business ownership and control to family members or others, incorporating cutting edge tax planning strategies, but always focusing on the “human” side.

We also render estate and trust administration services. Our attorneys appear regularly in the probate court where we handle guardianships and decedent’s estates. We also litigate will contests and other probate and trust disputes.

Our attorneys are licensed to render estate planning and probate services in both Illinois and Florida.

Examples of Business Succession and Estate Planning Services include:

  • Preparation of basic estate planning documents, including Wills, Revocable Trusts, Health Care Powers of Attorney, Durable Property Powers of Attorney and Living Wills
  • Insurance planning and preparation of Irrevocable Life Insurance Trusts
  • Tax planning using irrevocable trusts, including Grantor Retained Annuity Trusts, Qualified Personal Residence Trusts, Generation Skipping Dynasty Trusts and Gift Trusts
  • Implementation of Family Limited Partnerships and Limited Liability Companies
  • Use of Private Annuities and Self Canceling Installment Notes
  • Asset protection planning
  • Charitable planning, including creation and administration of Private Foundations
  • Trust and estate administration, including probate litigation
  • Preparation of Estate and Gift Tax Returns