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.

 

News From DUGGAN BERTSCH

IRS Finally Issues Long-Anticipated Proposed Regulations Restricting the Use of Valuation Discounts

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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Published in the Chicago Daily Law Bulletin; "Baseball commissioner has several ways to punish Cards." - Written by Timothy Liam EPSTEIN

During his tenure as the Cardinals’ baseball development director, Christopher Correa hacked into the Houston Astros’ database on several occasions between March 2013 and June 2014. Correa stole Houston’s intellectual property in the form of player evaluations, trade discussions with other teams and scouting reports.

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Click here to read the article on Chicago Daily Law Bulletin