Tag: Naperville estate planning attorney

8 Tips for Establishing a Foreign Trust

Posted on April 30, 2025

A trust is a key tool in the world of estate planning. Particularly for high-net-worth and global families, an attractive option to consider when planning how to handle family wealth is a foreign trust. And for good reason: trusts offer unparalleled flexibility and asset protection. They can be used as a way to diversify assets, ensure wealth is passed down thoughtfully and strategically, and guard against political and economic issues that may threaten assets. Foreign trusts can help protect and preserve a family’s wealth, and serve the needs of family […]

Posted in Estate Planning

Integrating Family Governance Into High Net Worth Estate Planning 

Posted on April 20, 2025

Large, multi-generational families often rely on traditional estate planning to meet their needs. For wealthy families, the most comprehensive estate planning strategies may be insufficient to truly ensure that the family’s wealth and success are protected through the generations. This is where family governance comes in, helping not only to preserve family wealth but also to cement a family legacy that is true to the family’s values. Family governance strengthens communication among family members, reducing disputes and making decision-making easier. An experienced Naperville, IL estate planning attorney can advise your […]

Posted in Estate Planning

How Should You Manage Foreign Tax Treaties in Your Estate Tax Plan? 

Posted on March 27, 2025

Naperville, IL estate planning lawyer for high net worth estates

In today’s increasingly interconnected world, many multicultural and international families have assets around the world. Expats, U.S. citizens married to noncitizen spouses, global families splitting their time between the United States and other countries, and international investors in the United States all require estate planning strategies that take into account foreign tax treaties.  High-net-worth individuals who fit this bill are particularly vulnerable to international taxation issues. These cross-border estate taxation issues make estate planning for global families complex and require thoughtful planning. An experienced Naperville, IL estate planning attorney can […]

Posted in Estate Planning

Building a Liquidity Plan Into Your Estate

Posted on March 17, 2025

Naperville, IL estate planning lawyer for high net worth estates

When creating your estate plan, it is important to keep multiple factors in mind, from the values that drive your estate plan, to the individuals and entities that you want as beneficiaries, to the way you want to utilize the estate plan to ensure that your wishes about your health are executed when you are no longer able to do so. Likewise, the need to incorporate tax considerations into an estate plan is widely known, as is the role of charitable giving in estate planning.  However, there is an additional […]

Posted in Estate Planning

How to Balance Family and Philanthropy in Your Estate Plan

Posted on February 28, 2025

Naperville, IL estate planning attorney for high net worth families

Estate planning for high-net-worth individuals involves more than just asset distribution and tax considerations — it is an opportunity to shape your legacy. Many affluent families wish to support charitable causes while also ensuring their loved ones are financially secure.  Striking the right balance between family wealth preservation and philanthropy requires thoughtful planning and strategic decision-making. An Illinois estate planning attorney can help craft a comprehensive approach that aligns with your values and long-term goals. Why Balancing Family and Philanthropy Matters For those with substantial wealth, philanthropy is a deeply […]

Posted in Estate Planning

What Are the Best Ways to Use Philanthropy in Your Estate Plan?

Posted on January 30, 2025

Naperville, IL estate planning attorney for philanthropic donations

Much of what goes into creating your estate plan involves making difficult decisions about the future, such as planning for incapacity or setting up the estate plan to boost family assets and provide for generations. However, there is another aspect of estate planning that can be deeply rewarding.  Crafting your estate plan presents an opportunity to give back to the causes you care about and to plan for how to use your assets to make an impact in the world. An experienced Naperville, IL estate planning attorney can help you […]

Posted in Estate Planning

How Can I Reduce the Overall Amount of Estate Taxes I Pay? 

Posted on January 13, 2025

Naperville, IL estate planning tax attorney

Also known as “death taxes,” estate taxes are the taxes that must be paid on the transfer of assets upon death. They are separate from income taxes. Both the federal government and Illinois currently levy estate taxes. The Internal Revenue Service (IRS) imposes taxes on assets worth over $13.99 million per person in 2025. This is called the federal estate tax exemption. An individual can make gifts during life using the exemption; any portion of the exemption left over at death will offset estate taxes. Meanwhile, Illinois is one of […]

Posted in Estate Planning

How Can Young Professionals Benefit from an Estate Plan?

Posted on October 29, 2024

Naperville, IL estate planning lawyer for young professionals

If you are a young professional, you may understandably hesitate to create an estate plan. However, whether you have family wealth or are building your own, by creating an estate plan now you can safeguard your and your family’s interests, and have more peace of mind knowing you are planning for possible future eventualities as well as putting in place a strategy to safeguard your assets today with the help of a knowledgeable Illinois estate planning attorney.  Reasons Young Adults Should Have an Estate Plan Preliminary Young Professional Estate Planning […]

Posted in Estate Planning

How Do Powers of Attorney Complement an Estate Plan?

Posted on October 21, 2024

Naperville, IL estate planning attorney

Often when individuals consider estate plans, they think about planning for a person’s death. While the purpose of an estate plan is, to a large extent, to make a plan for disposing of assets following death, powers of attorney are an important element of an estate plan for the living. An experienced Illinois estate planning attorney can advise on how the power of attorney can work alongside the rest of your estate plan.  What is a Durable Power of Attorney? A durable power of attorney is an estate planning document […]

Posted in Estate Planning

Why Make a Family Limited Partnership Part of an Estate Plan?

Posted on October 11, 2024

Naperville, IL estate planning attorney

Illinois high net-worth families have unique interests to consider when setting up their estate plans to protect their assets for the future of their families. This is particularly important because Illinois is one of the few states that have passed a state estate tax. Estates in Illinois are also subject to the federal estate tax. An attorney who understands the complexities of structuring high-net worth Illinois estate plans may suggest the formation of a Family Limited Partnership (FLP) as part of an estate plan. What is a Family Limited Partnership […]

Posted in Estate Planning

Practice Areas

Blog Sign Up

 

Like what you see?

Follow us to stay current!

Facebook LinkedIn Twitter Youtube
search

630-756-1160

CONTACT US

Fields marked with a * are required
 
 
 
Napervile-attorne-disclaimer
The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
 
 

Providing You With

Peace of Mind
Facebook LinkedIn Twitter Youtube BBB
From our offices in Naperville, Illinois, we handle matters throughout Illinois including DuPage, Cook, Will, and Kane counties and within towns such as Addison, Aurora, Barrington, Batavia, Burr Ridge, Carol Stream, Chicago, Darien, Downers Grove, Elgin, Elk Grove Village, Elmhurst, Geneva, Hinsdale, Hoffman Estates, Lisle, Lombard, Naperville, Oak Brook, Roselle, Schaumburg, St. Charles, Warrenville, Wheaton, and Winfield.
association and logos
© 2025 Gierach Law Firm | 
1776 Legacy Circle, Suite 104, Naperville, IL 60563 | 
630-756-1160
OVC INC
Back to Top