Personal Wealth

Martini    Just as businesses can benefit from succession planning, individuals can take steps to protect their personal wealth through estate planning and asset protection.  Please see the related practice areas for detailed information.  To inquire further about the legal services we offer to individuals, please contact David Flynn.


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Our tax practice attorneys provide counseling in the areas of Federal Income Taxation, Estate & Gift Taxation, Federal Tax Controversies, State Tax Controversies (before the Illinois Department of Revenue and similar state agencies around the country), Criminal Taxation Law, Tax Planning and Litigation, Bankruptcy Taxation, and International Tax Law. 

Our clients include individuals, closely held corporations, partnerships, limited liability companies, estates, and publicly traded companies.  We advise clients in the structuring of their transactions ranging from mergers and acquisitions to business formations to dissolution of enterprises to real estate ventures. 

The tax attorneys work closely with the corporate, estate planning, and real estate attorneys to provide comprehensive counseling and planning to our clients.

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Asset Protection

Our attorneys have extensive knowledge of, and practical experience implementing, the various techniques available to preserve individual wealth from threats such as litigation, future creditors, divorce and investment risk. These techniques include the optimization of state and federal exemptions for assets, such as homestead, retirement plans, annuities and life insurance, marital property planning, the use of inter vivos marital, dynasty, and children's trusts, and tax and entity planning.

In addition, we provide advice regarding wealth preservation and risk management through the implementation of foreign trust and related business, investment, and life insurance structures, and assisting clients with the tax planning and compliance aspects of such structures. We maintain strong relationships with fiduciaries, money managers, and attorneys in more than eleven foreign jurisdictions and conform to strict due diligence and "know your client" policies.  We are experienced in assisting U.S. clients with settling offshore trusts, and forming various foreign entities that provide clients with a comfortable balance of control and protection of assets, allowing clients to manage their family's wealth risk and accumulate assets for future generations.

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