ESTATE AND TAX PLANNING
Attorneys in the Huck Bouma Estate and Tax Planning Practice Group help all individuals, including business owners, executives and highly compensated individuals, preserve and protect their assets, provide for the well-being of their families, and create a legacy of charitable activities, while minimizing estate and gift taxes.
The Huck Bouma Estate and Tax Planning team has a wealth of experience working with owners of closely held companies, entrepreneurs and family businesses, integrating their estate planning and business succession planning with their long-range business objectives.
The depth of experience of the Estate and Tax Planning team is unrivaled in Chicago's western suburbs. Most of the attorneys in our Estate and Tax Planning Group have advanced degrees in accounting, finance, tax planning, and business management as well as law.
Sophisticated strategies and techniques
For individuals with large estates or complex family relationships, estate planning can get complicated and sophisticated. It's a challenge for a single lawyer to master all the ins and outs of revocable and irrevocable trusts, charitable foundations, probate administration, family limited partnerships, succession planning, asset protection, and guardianship issues, to name just a few examples. Our attorneys strive to do just that. Among the ten attorneys in our Estate and Tax Planning Group, we have that full range of expertise. Huck Bouma offers the full range of estate and tax planning services, including the following:
- Drafting and updating wills and powers of attorney
- Creating and funding a wide variety of trusts to accomplish personal objectives, such as minimizing estate taxes, avoiding probate, planning business succession, protecting personal assets, and providing for family members with special needs
- Gift tax, estate tax, and income tax saving strategies
- Lifetime administration of revocable and irrevocable trusts
- Probate and estate administration
- Estate tax return and fiduciary income tax return preparation
- Contested wills and estate-related litigation
- Conflicted and complex issued administration resolution
- Advising executors, trustees and successor trustees
- Advising beneficiaries
- Guardianship proceedings; issues involving the incapacitation or disability of parents, spouse or testators
- Life insurance, retirement, pension and profit sharing advice
- Business succession planning, Family Limited Partnerships, Grantor Retained Annuity Trusts
- Generation-skipping strategies
- Asset protection planning
- Private foundation planning
- Multi-state domiciles, ownership of real property in different states
Huck Bouma's staff members regularly participate in seminars as instructors and panelists. We are able to explain the complex issues of estate and tax planning in understandable terms to individuals and business owners.
Members of the Group are:
Brett M. Dale, Chairman
Russell A. Adkins
Susan S. Adkins
Ralph R. Bouma, Jr.,
Timothy S. Midura
Patricia C. O'Brien
Walter J. O'Brien
Robert L. Renfro
Aaron Ruswick
Audrey Johnson Skiera
Cynthia F. Tolan
Sean M. Young
