Estate Planning & Administration Practice Group

Our estate planning and administration practice group consists of lawyers who are engaged regularly in the planning and/or administration of personal estates and trusts.

The estate planning and administrative practice group represents families and individuals in the United States regarding their management and transfer of wealth. The group advises individual and corporate fiduciaries in connection with the planning and administration of substantial and complex trusts and estates. Further, the group counsels public and private charities with respect to formation, tax and corporate compliance and day-to-day operations, and advises individuals and charitable institutions regarding the design of major lifetime and testamentary charitable gifts.

Our clients are successful entrepreneurs and private investors, business executives, and families whose wealth has been accumulated over many generations or within recent years. Working with the lawyers practicing in other disciplines, we draw upon substantial experience in the laws of income, gift, estate and generation-skipping transfer taxation, partnerships, corporations and other business entities, real estate, and other relevant areas to design and implement comprehensive business succession and estate plans that are crafted to fit our clients' particular circumstances and objectives.

First and foremost, the estate planning and administration practice group emphasizes the personal component of client service. We are readily available to our clients irrespective of the hour or location. Satisfying the needs of our clients is our paramount objective. We communicate in language that non-lawyers can understand and produce documents timely and efficiently. As a result, we are trusted advisors in all realms of our clients' personal, business and professional lives.

Our lawyers work cooperatively with clients' other advisors, such as private bankers and trust officers, financial planners, investment advisors, family office managers, accountants, insurance agents, business appraisers, and other lawyers to ensure that the clients' estate plans are coordinated with their financial structure.

While much of our work is tax-motivated, we go beyond the minimization or elimination of taxes to ensure that the business succession and estate plans we create are flexible and adaptable, so that they can provide for and respond to circumstances that could not be foreseen, shifting investment climates and ever-changing laws and family situations. To assist our clients in attaining their goals, our lawyers utilize a range of estate and business planning strategies, including special kinds of trusts (such as credit shelter trusts, insurance trusts, charitable lead and charitable remainder trusts), and business entities and agreements (such as limited partnerships and shareholders' agreements).

Our lawyers represent banks and trust companies on issues of fiduciary duty and responsibility and compliance, complex matters of estate and trust administration, and interpretation of wills, trusts, and other instruments. Our counsel to banks and trust companies transcends traditional legal representation: firm lawyers have created and taught seminars for trust officers and their clients on certain aspects of estate and business planning and estate and trust administration.

The estate planning and administration practice group represents clients in litigated estate and trust matters such as will challenges and contested accountings, in document construction and reformation proceedings, and in tax audits.

We represent public charities, public and private foundations and provide advice with respect to organization and formation, fiduciary responsibility, minimizing director liability, tax regulatory and corporate compliance, and daily operations and administration.

Schmiedeskamp Robertson Neu & Mitchell LLP
525 Jersey Street, Quincy, Illinois 62301
(217) 223-3030

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