Insights on Private Clients, Trusts & Estates

Schiff Hardin LLP is pleased to announce that Private Clients, Trusts and Estates Practice Group Leader Thomas Abendroth has been named chair of the Board of Trustees at his alma mater, Ripon College.

As the holidays approach and gatherings are planned, you may be considering how and when to carve out time to discuss elements of your family finances while your loved ones are together for a visit.

The U.S. Supreme Court recently decided a case that addresses how a state may tax a particular trust. State courts have been addressing similar questions with increasing frequency.

Twenty-five Arent Fox LLP practices have been recognized in the 2020 “Best Law Firms” rankings that are published annually by US News & World Report and Best Lawyers.

Schiff Hardin LLP announced today that the firm has received 45 top-tier rankings and national recognition for its premier practices in the 2020 edition of U.S. News – Best Lawyers® “Best Law Firms.”

WASHINGTON — Fifty Arent Fox LLP attorneys have been rated as leaders in their profession by The Best Lawyers in America 2020.

Schiff Hardin LLP is pleased to announce that the firm was ranked for its work in Private Wealth in Illinois and nationwide in the 2019 edition of Chambers High Net Worth, a legal industry ranking focused on the private wealth market.

The U.S. Supreme Court recently decided a case that addresses how a state may tax a particular trust. State courts have been addressing similar questions with increasing frequency.

WASHINGTON, DC — Arent Fox LLP is pleased to announce that 11 partners have been rated as ‘Top Lawyers’ by Washingtonian magazine. The honorees are recognized as being among the Washington, DC-area’s “star legal talent.”

One year has passed since significant tax law changes were enacted in December 2017. The overall impact of the Tax Cut and Jobs Act of 2017 (TCJA) on estate and tax planning for individuals and their families is close to what we expected — it’s been a mixed bag for taxpayers.

The IRS and Treasury Department issued proposed regulations that explain how investors can take advantage of the statute’s unique opportunity for deferral and exclusion of capital gains taxes by investing in designated distressed communities or QOZs.

Schiff Hardin announced today that the firm has received 40 top-tier rankings and national recognition for its premier practices in the 2019 edition of U.S. News – Best Lawyers® “Best Law Firms.”

Individuals with disabilities and their families have many options to set aside funds without jeopardizing eligibility for means-tested government benefits.

40th Annual Duke University Estate Planning Conference

Forty Arent Fox LLP attorneys have been rated as leaders in their profession by The Best Lawyers in America 2019.

Schiff Hardin LLP today announced that Michael K. Moyers has joined the firm’s Private Clients, Trusts and Estates Practice Group as a partner in the Chicago office, along with two associates.

Susan Bart and Brian Janowsky were quoted on the dos and don’ts for pet estate planning to ensure pets are cared for when owners are no longer able.

Navigate the additional complexities and plan ahead.

If your family includes a person with special needs, here are 10 tips to get you started on the right track to developing an estate plan that works for your family.

The Tax Cuts and Jobs Act (the “Act”) will dramatically change the tax treatment of income from many partnerships, limited liability companies, and S corporations.

Often grandparents or other family members or friends would like to make additional gifts but have already bumped up against their annual gift tax limits.

The year 2015 provided another bumper crop of decisions in trusts and estates disputes. While the courts generally experienced a nationwide decrease in the filing of civil lawsuits, trust and estate disputes continued to fill court dockets and a few noteworthy trends emerged.

Arent Fox Complex Litigation partner Barbara S. Wahl recently published an article in Law360 that outlines key publicity rights issues that attorneys and their clients should consider when doing estate planning.

In a recent case, a Virginia trial court has joined other states in opening the door to lawsuits by disappointed beneficiaries who can demonstrate that the testator’s lawyer’s malpractice caused the beneficiary to receive a smaller bequest than intended by the testator.

All good wealth management includes estate planning as a component. Changes in the tax laws, modern trust conventions and family changes make periodic reviews of estate plans a real necessity.