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

Illinois’ 2019 Tax Amnesty Program

The Illinois Department of Revenue recently announced that under the Illinois Tax Delinquency Amnesty Act (the "Act"), taxpayers are allowd to pay outstanding eligible tax liabilities and to have eligible penalties and interest forgiven on taxes that are paid pursuant to the Act. Below are the highlights of the program.

Amnesty Period

            Unpaid taxes that are collected by the Illinois Department of Revenue (“IDOR”) from periods after June 30, 2011, and prior to July 1, 2018 (“the Amnesty Period”) are the tax liabilities eligible for the Amnesty Program. If the required filing and payment is completed between October 1, 2019 and November 15, 2019 (“the Participation Period”), IDOR will waive all eligible penalties and interest. This program does not apply if only penalties and interest are owed...

Recent U.S. Supreme Court Case Impacts Trust Taxation

The U.S. Supreme Court recently issued its opinion on North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust, which addressed “….the limits of a State’s power to tax a trust.”  This is the first time in decades the Supreme Court has addressed this issue, and its decision could have significant implications for the private client.

Planning with trusts is a central component to any comprehensive wealth plan, and in addition to leveraging the estate, gift, and GST exemptions, consideration should be given to a trust’s income tax treatment.  And when a trust is structured as a “non-grantor” trust - meaning it is responsible for its own income tax burden - state law governs the state where a trust may be taxed.

CLICK HERE to read the complete article!

Article Written By:       

Jennifer A. Mendel, JD, and Michael H. Israel, MA, JD, LL.M.

 

James M. Duggan Speaks at Midwest Family Office Forum in Chicago

On Thursday, May 16th, Jim Duggan spoke at the Midwest Family Office Forum as a subject matter expert on the following topics:

  1. Inter-generational Growth:  The emerging generation and its impact on current family office objectives & values - working together towards the same goals.
  2. Security & the Family Office: Addressing personal security, cybersecurity, and asset security - staying ahead.

You can find more information about the Midwest Family Office Forum here

DUGGAN BERTSCH, LLC would like to congratulate our 2019 Leading Lawyers & Emerging Lawyers

Leading Lawyers – Leading Lawyers have been recommended by their peers to be among the TOP LAWYERS in the areas of practice noted on this website.  Less than 5% of all lawyers licensed in each state have received the distinction of Leading Lawyer.

Gregory J. Bertsch

  • Closely & Privately Held Business law
  • Tax Law: Business
  • Tax Law: Individual
  • Trust, Will & Estate Planning Law

James M Duggan

  • Taw Law: Individual
  • Trust, Will & Estate Planning Law

Timothy L. Epstein

  • Arts, Entertainment & Sports Law
  • Commercial Litigation

Allen J. Gable

  • Closely & Privately Held Business law
  • Real Estate Law: Finance
  • Tax Law: Business
  • Tax Law: Individual

David M. Henderson

  • Tax Law: Individual
  • Trust, Will & Estate Planning Law

Michael H. Israel

  • Tax Law: Individual
  • Trust, Will & Estate Planning Law

CLICK HERE TO READ MORE!