January 1, 2012

Gregg M. Simon, Chair of the firm's Wealth Transfer & Succession Planning group, is the author of "Handling Closely Held Business Interests and Other Special Assets." This comprehensive article originally appeared as a chapter in Estate Planning for Illinois Attorneys: The Basics and Beyond, published by the Illinois Institute for Continuing Legal Education.

Topics include the following:

  • Estate, Gift, and Generation-Skipping Transfer Tax Background

  • Minimization of Transfer Taxes

  • Planning for Disposition of Closely Held Business or Real Estate Held for Production of Income

  • Nonbusiness Real Estate and Other Special Assets

This article contains material of general interest and should not be construed as legal advice or a legal opinion on any specific facts or circumstances. Under applicable rules of professional conduct, this content may be regarded as attorney advertising.