Why Jim Marino is the choice in the O'Hare Area of Chicago.
Owner Operated Business Counsel and Planning, including LLC’s, S Corps, Partnerships and general corporate representation, from origination, to operation, to exit strategy and succession;
Complex Estate and Asset Protection Planning including Wills and Trust planning, Estate Tax planning, special needs issues, asset protection strategies, charitable planning and retained interest arrangements;
Probate Administration and Contested Estates, administration of decedent and guardianship estates, trust administration, contested trust and probate matters and asset recovery actions;
Income Tax planning and compliance, including I.R.S. representation, retirement/college planning;
Real Estate: residential, commercial, development and investment.
Legal Practice Areas
What We Are Expert At
Business Counsel & Planning
You own, operate, and/or control your business. And, most days, you’re pretty good at it. You employ any number of people, from a handful to a couple of hundred souls. Your family, and the families of your employees, largely depend on your ability to maintain and advance your enterprise. You spend a lot of time thinking about your business: opportunities to pursue, challenges you face, and the “next-next” idea that will keep you competitive, successful, and most of all, fulfilled.
Estate Planning / Asset Protection
You are correct to be concerned about what happens with your estate after your passing and how it will affect your heirs and lessening the burden of the process. HOWEVER, before that happens, those same assets are yours to live with, efficiently and without burden. While it is important to us what happens after you pass, it is critical that attention be paid to what happens while you are here!
By mistake or intention, sometimes an estate is improperly administered, or the heirs don’t fully or effectively handle an estate, or somebody just takes more than their share. Whether through probate or trust administration, purposefully or innocently, by design or mistake, costly inequities sometimes occur.
Probate & Trust Administration
When someone passes……………
Rarely does the rest of this thought finish with a positive sentiment. Things don’t need to be worse with the complications of a poorly handled administration of your loved one’s affairs.
When someone dies, their estate should be effectively and properly administered to address:
Taxes must be considered in every economic decision of your life. If you have read any of the other discussions on this site, you know that tax consequences exist in almost every situation. Jim Marino likes to weigh the tax effect in all matters in the determination of the action. While the tax role doesn’t typically control all decisions, it almost certainly will affect that decision.
Typically a transaction involving substantial investment, with financing aspects, tax consequences, liability concerns, and planning opportunities, real estate transactions require knowledgeable counsel for all decisions in the process. Jim Marino will help guide you through the maze of the transaction so the result is consistent with your tax, liability, planning, protection and succession strategies.