Private Client, Trusts and Estates

BETTER PROTECTION When trust and hands-on attention meet

Your hard work and determination led you to where you are today. Protecting and passing your wealth and wisdom is critically important to you and future generations. And it’s our priority.

Our full-service Private Client, Trusts & Estates team advises on all your important interests, whether it’s your business, real estate, taxes or philanthropic endeavors. We are committed to working with you to preserve and grow your wealth and build a legacy that stands the test of time.

A Holistic View

Good counsel requires a holistic view of your unique circumstances. It starts with a comprehensive understanding of your personal and professional goals and values and determining how different factors, will impact your ability to accomplish them. Our sharp focus on both individual and business interests is highlighted by the personalized, creative solutions we bring to every scenario. This extends to the individual and philanthropic beneficiaries of your wealth as well as your business successors.

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Our client base is just as diverse as their needs and goals are. We represent families, individuals, entrepreneurs, businesses, trustees, beneficiaries, not-for-profit entities and special needs community, among many others. Our clients benefit from the dedication and depth of experience among our team of more than 10 attorneys.

Eileen R Pollard - a woman in a business jacket, smiling at the camera.
Eileen R. PollardClient Tax Services Specialist
Joseph M. Tamburello - a man in a business suit, smiling at the camera
Joseph M. TamburelloManager - Client Tax Services
John Wiktor Attorney
John R. WiktorChair | Private Client, Trusts and Estates Group
Recycle Your Charitable DollarsJune 6, 2014

For private foundations interested in a "return on investment" on the distribution of their foundation's charitable dollars (that is, a return beyond the satisfaction of doing good), Program Related Investments ("PRI's") are generally the tool of choice. A PRI can be counted as part of the foundation's required 5% annual distribution provided that the investment accomplishes one or more the foundation's charitable purposes, is not made to achieve a significant investment return, and is not used for lobbying or political campaigns...

New Year, New Trust LawDecember 16, 2019

New Beneficiary Notice Requirements For Trusts that Become Irrevocable After December 31, 2019 Effective January 1, 2020, the Illinois Trust Code (“ITC”) will replace the Illinois Trust and Trustees Act as the law governing Illinois trusts. With the adoption of the ITC, Illinois becomes the 34th state to adopt a form of the Uniform Trust Code. Most of the new…

Ken Goldstein, Jim Plucinsky and Joe Tamburello present "Small Business Tax Considerations" for The Chicago Bar Foundation's Justice for Entrepreneurs Project - 10/31/19October 30, 2019

10/31/19 Chicago, IL Ken Goldstein, Jim Plucinsky and Joe Tamburello present an in-depth discussion of the tax considerations for small businesses.  Attendees will learn detailed information regarding tax compliance requirements based upon the choice of entity as well as tax planning and savings strategies for single-member LLCs, multi-member LLCs, partnerships, S corporations and C Corporations. The CBF Justice Entrepreneurs Project…

Jeff Zaluda presents "Some Trends in Philanthropy Impacting Large Publicly Supported Charities" to the Jewish National Fund Professional Advisory Group - 9/18/19September 6, 2019

09/18/19 Chicago, IL While Americans remain the most generous and philanthropic people in the world, the landscape for giving is changing at an accelerated rate. Jeff Zaluda discusses how Millennial and generational subgroups have dramatically impacted the manner in which philanthropy is carried out. He will examine some of the reasons behind the changing landscape and ways in which donors…

Attorneys in Action: John Wiktor Gives Back as Bethesda Board MemberAugust 23, 2019

On 8/15/19, John Wiktor, Chair of HMB's Private Client, Trusts & Estates Group and pictured above in the blue shirt, joined the groundbreaking ceremony for Bethesda Cornerstone Village, in Victoria, Minnesota. The community, one of the first of its kind in the United States, will provide an inclusive environment for active seniors and independent adults with disabilities. John is a Board…

Directed Trusts: Who’s the Boss? Liability in Directed Trusts & Administrative Dilemmas, Chicago Bar Association, 11/7/17November 7, 2017

Grant Hendricks and Adam Novak of The Northern Trust Company presented to the CBA on 11/7/2017.  They discussed the Illinois directed trust statue and its underlying complications.…

Collectors in Conversation: Charles Mottier with Richard M. HorwoodMay 4, 2017

Asian Art Council, Art Institute of Chicago, May 4, 2017 Mr. Horwood is a partner in the Trusts and Estates Group of Horwood Marcus & Berk Chartered and advises collectors regarding key issues such as authentication; provenance; collection management; tax matters; disposition and charitable, museum, and family gifting. Mr. Mottier is a collector who, over the course of three decades,…

The Best Laid Plans: Avoiding Administrative and Judicial Challenges, Chicago Bar Association, 5/3/17May 3, 2017

Two key takeaways from this presentation: The disclosure of information can be as useful of a risk management tool as any. A client who understands how a corporate fiduciary will interact with all parties will have a more positive experience.…

Investment Banker Customary FeesJune 14, 2010

In our previous two articles we walked you through the reasons to hire an investment banker for the sale of your middle market business (i.e. transaction valued between $25 million and $250 million) as well as typical terms for how the relationship will work. Now your attention turns to fees. Our experience is that terms vary among investment banking firms…

Investment Banking Customary TermsApril 14, 2010

In the first of our three part series we walked you through the process of deciding whether to hire an investment banker for your middle market business (i.e. transaction valued between $25 million and $250 million). So now that you have decided to sell your business, we will discuss customary investment banking terms in this article and will wrap up…

In Support of the Investment BankerDecember 14, 2009

So why do business owners want to hate investment bankers? Too often, it is based on cocktail party chatter. Have you ever heard, "the investment bankers added no value to the process? I already knew the buyer. We were competitors for years." Or, "the investment bankers wrote a nice book, but at the end of the day my lawyer and…

Lessons That Planners Can Learn From Celebrity Estate BattlesOctober 1, 2008

Author: JASON S. ORNDUFF AND LAUREN J. WOLVEN, ATTORNEYS JASON S. ORNDUFF is a partner in the Private Client practice group at the law firm of Thompson Coburn Fagel Haber in Chicago. His practice focuses on the legal aspects of wealth transfer to the next generation, including estate planning, estate and trust administration, and transfer taxes. LAUREN J. WOLVEN is…

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