Gift and Estate Reduction Technique – Time May Be Running Out We want to bring to your attention a potentially dramatic change in the rules regarding the valuation of interests in LLCs, partnerships and certain other privately held entities, wh… Read More

Applying the OID Rules to an Intra-Family Promissory Note – To see the full article, please check out the link below. Applying the OID rules to an intra-family promissory note Read More

Strauss & Malk LLP is proud to have 6 Super Lawyers in the firm in 2016. The distinction of Super Lawyer is earned through a rigorous selection process involving peer nominations, review and independent research. The following attorneys can now s… Read More

To Be or Not To Be the Executor/Trustee – A loved one has designated you as the person they want to be the steward for the family. Is this really an honor? Are you setting yourself for failure – being dues, or worse, hated by the family.… Read More

The concept of intra-family gifts is well understood. If Art and Bob are brothers, and if Art transfers property to Bob for no consideration, then Art has made a gift to Bob. If the value of that gift (cumulative with all other gifts from Art to Bob… Read More

Your Agent under your durable Power of Attorney for Property may be liable for penalties for not filing a Foreign Bank and Financial Accounts Report (“FBAR”) for your foreign accounts. If you have an interest in a foreign account, you know that y… Read More

“Navigating the Trustee’s Duty to Disclose — How Much is Enough, or Too Much? Beneficiaries’ Rights to Information,” presentation by Strauss & Malk LLP for the Chicago Estate Planning Counsel, March 2014, and for the Ill… Read More

“Beneficiary Rights to Information,” presentation by Strauss & Malk LLP for the Illinois Institute for Continuing Legal Education Estate Planning Short Course (57th Annual), Spring 2014. Read More