Success Story – Saved Client $1 Million in Estate Tax

Estate Administration • July 30, 2025


Background:

Lavelle Law represented a client with a taxable estate for Illinois estate tax purposes.


Challenges:

Client owed a variety of difficult-to-value assets for estate tax purposes.


Result:

Due to Lavelle’s extensive knowledge in estate and gift tax, we were able to generate a combined federal and Illinois estate tax savings of $1 million for the client.



Brian I. Warens

Brian I. Warens

Shareholder


“We were able to create an incredible value proposition for our client and allow an additional $1 million to pass to the decedent’s family. Our client was extremely happy with the result!”


Contact Brian Warens to discuss your legal needs.

847-705-7555 or bwarens@lavellelaw.com.

More News & Resources

Lavelle Law News and Events

Don’t record a conversation without knowing the law in Illinois!

Know the Law Before You Hit Record! Comments on the Illinois Eavesdropping Statute

By Nataly Kaiser • July 29, 2025
Do you know it’s a felony in Illinois if you record a conversation without consent? The Illinois Eavesdropping Statute prohibits the secret recording of private conversations without the consent of all parties involved. Protect yourself – Get consent before you hit record! Nataly Kaiser explains.
Now through 10-1-25, Lavelle Law is offering a special discounted rate on powers of attorney for col

Summer Special! Discounted Rate on Powers of Attorney for College-bound Students and Young Adults

By Jackie R. Luthringshausen • July 24, 2025
Summer Special! - Now through 10-1-25, Lavelle Law is offering a special discounted rate on powers of attorney for college-bound students and young adults. Don't send your child to college without POA docs in place! Contact Attorney Luthringshausen to start the process. jluthringshausen@lavellelaw.com or 847-705-7555
A summary of The One Big Beautiful Bill Act (OBBBA) and its tax implications.

Summary of the One Big Beautiful Bill Act and Its Tax Implications

By Steven A. Migala • July 22, 2025
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, as Pub. L. No. 119-21, permanently extends and modifies key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) while introducing new tax benefits and limitations. The law affects individuals, seniors, children, businesses, and charitable organizations.
An in-depth discussion of the One Big Beautiful Bill Act and its tax implications.

The Impact of New Tax Bill - The One Big Beautiful Bill Act - a videocast

By Steven A. Migala and guest Ed Brooks • July 21, 2025
Lavelle Law Shareholder Steven Migala and DHJJ Financial Principal Ed Brooks join host Jim Mitchell for an in-depth look at the new U.S. tax legislation, the One Big Beautiful Bill Act, and discuss how it will impact both businesses and individuals.
An in-depth discussion of the One Big Beautiful Bill Act and its tax implications.

The Impact of New Tax Bill - The One Big Beautiful Bill Act

By Steven A. Migala and guest Ed Brooks • July 21, 2025
Lavelle Law Shareholder Steven Migala and DHJJ Financial Principal Ed Brooks join host Jim Mitchell for an in-depth look at the new U.S. tax legislation, the One Big Beautiful Bill Act, and discuss how it will impact both businesses and individuals.
What is a fee-shifting provision?

How Do I Get the Other Party to Pay My Attorney’s Fees?

By Sarah J. Reusché • July 15, 2025
In the United States, the "American Rule" generally requires each party in a legal dispute to cover their own attorney's fees, regardless of the case's outcome. However, exceptions exist where a judge may order one party to pay the other's attorney’s fees in specific circumstances. Sarah Reusché explains.
The reconciliation process and the financial relationship between landlords and tenants.

Reconciliation of Common Area Maintenance Charges, Taxes, and Insurance: What to Know

By Theodore M. McGinn • July 14, 2025
In commercial leases, particularly those involving retail or office spaces, tenants typically pay not only base rent but also a share of additional operating expenses. These include Common Area Maintenance (CAM) charges, property taxes, and insurance premiums. The reconciliation of these expenses is a key process.
Delaware Supreme Court’s Analysis of Indemnification Notices in Merger and Escrow Agreements

Banking and Business – July 2025

By Steven A. Migala • July 11, 2025
Attorneys drafting or reviewing indemnification clauses and notice provisions in a sale or acquisition governed by Delaware law should be aware of the recent Delaware Supreme Court decision in Thompson Street Capital Partners IV L.P. v. Sonova U.S. Hearing Instruments, LLC.
Update on Illinois Tax Changes

Tim’s Tax News on the Tenth – July 2025

By Timothy M. Hughes • July 10, 2025
Beginning July 1, Illinois residents will face a series of tax increases related to the Fiscal Year 2026 budget, which takes effect from July 1, 2025, to June 30, 2026. These increases are from the $55+B state budget that is supposed to generate $700+M of new taxes ranging from gasoline, short-term rentals, and more.
Contaminated Cilantro and the Need to Provide Notice to a Seller of a Breach of the Implied Warranty

Banking and Business – June 2025

By Steven A. Migala • June 30, 2025
Restaurant patrons allegedly became ill from eating contaminated cilantro and filed personal injury lawsuits against two Chicago restaurants. As part of the litigation, the distributor who sold the cilantro to the restaurants, Martin Produce, Inc., filed a third-party complaint for contribution against the wholesalers.
More Posts