We would like to congratulate Timothy Liam Epstein, Michael A. Passananti, Ronnie E. Webb Jr., Scott A. Sissel, Clint A. Costa, and Jennifer J. Conley for being named to the 2017 Illinois Super Lawyers list!
Super Lawyers rated Timothy Liam Epstein as one of the top Entertainment & Sports Attorneys in the Chicago Land area for the seventh year. Michael A. Passananti and Ronnie E. Webb, Jr. were listed as top Estate Planning & Probate, Business/Corporate Attorneys for Chicago, IL, Scott A. Sissel and Clint A. Costa, were listed as top Estate Planning & Probate, Business/Corporate, and Tax Attorneys for Chicago, IL, and Jennifer J. Conley was listed as one of the top Attorneys for Estate Planning & Probate for Chicago, IL by Super Lawyers.
Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. Super Lawyers selects attorneys using a rigorous, multiphase rating process. Independent research, peer nominations and evaluations are combined with third party research. Each candidate is evaluated on 12 indicators of peer recognition and professional development. Selections are made on an annual, state-by-state basis. Congrats to all!
On August 2, 2016, the IRS issued long-anticipated proposed regulations under Section 2704 of the Internal Revenue Code restricting the use of valuation discounts associated with family- controlled entities. The use of family-controlled entities, such as limited liability companies and limited partnerships, has been a traditional way for high-net worth families to transfer wealth downstream at a reduced value for transfer tax (i.e. estate, gift and generation-skipping taxes) purposes while maintaining the full economic value of the assets for the next generation. The reduced value has been partially based on discounts for restrictions associated with the family-entity interests such as the inability to participate in management (“lack of control”) or to sell or transfer the interest (“lack of marketability”).
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Jennifer Conley will present on the topic of estate planning at noon on Thursday, June 9 at KoenigRubloff Winnetka "Estate Planning Lunch and Learn." Jennifer will provide information about the core estate planning documents everyone should have, and will also answer questions. Interested attendees please contact Brenda at (224) 554-8097 or email@example.com by June 7th.