Welcome to DUGGAN BERTSCH, LLC — A law firm dedicated to thoughtful, innovative and uncompromising legal representation for the Private Client.

The needs of the private client are both pointed and diverse. While you require the advanced skills of a specialist, you also have diverse needs that must be understood and integrated by your lawyer. With its broad base of multi-degreed, multi-disciplinary attorneys, DUGGAN BERTSCH is uniquely positioned in the legal space to best serve the needs of Private Clients.

We look forward to showing you the DUGGAN BERTSCH difference.



Alert: SBA Issues Loan Forgiveness Application

The Small Business Administration (SBA) has just released its Paycheck Protection Program (PPP) Loan Forgiveness Application along with instructions for borrowers on how to apply for forgiveness of such loans (for a copy of the application, please click here). The application, to be submitted by the borrower to their lender, reflects some additional clarifications and borrower-friendly guidelines which are highlighted as follows:
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All Cook County Properties to be Re-Assessed in 2020 Due to COVID-19

The Cook County Assessor’s Office recently announced updates to its assessment and appeal process in response to the coronavirus pandemic.  Normally, one-third of Cook County is reassessed in any given year, but due to the projected impact of COVID-19 on property values, the Assessor announced adjustments are planned across the entire county.  Continue Reading...

Workers’ Compensation & Remote Employees

As stay-at-home orders are being extended throughout the country, a significant population of the US workforce is and will continue to work remotely.  Because employers cannot actively monitor and supervise their employees, employers are exposed to additional risks of liability.  One significant risk is the potential for employees to sustain accidental injuries while working remotely.

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Non-deductibility of Expenses Funded with PPP Loan Proceeds

Late last week, the IRS issued Notice 2020-32 which states that no deduction will be allowed for an expense that would otherwise be deductible by a small business if the payment of such expense results in forgiveness under the provisions of the Paycheck Protection Program (PPP) of the CARES Act, and the income associated with the forgiveness is excluded from gross income. Continue Reading...

Once in a Decade Estate Planning Opportunity

With the economic destruction of COVID-19 virus comes opportunity, a rare opportunity to very easily turn the negative into a positive from an estate planning and business succession perspective.

Today, valuations of marketable securities have taken a massive hit (20% - 30% lower).  Valuations of the vast majority of closely-held family businesses would certainly follow suit by any appraiser.  Additionally, interest rates are now at historic lows in today’s environment. Specifically, the IRS-mandated interest rate used for estate planning purposes is between 0.25% and 1.15%, as of May.  Click Here To Continue Reading...