ESTATE AND WEALTH PLANNING
Our Wealth Transfer and Estate Planning Services assist clients in minimizing estate, generation-skipping and transfer taxes, while providing asset protection against hostile creditors. Our services include the preparation of basic Estate Planning Documents such as wills, revocable trusts, multi-generational living trusts, special-needs trusts and powers of attorney for finances and medical care. We structure wealth transfer plans to include such components as irrevocable generation-skipping trusts, insurance trusts and charitable trusts using family-limited partnerships, family owned limited liability companies and closely-held corporations to transfer family wealth and businesses to future generations. Leff & Cohen, Ltd. represent executors and trustees in the administration of estates and trusts. Our attorneys provide individual, trust and business tax planning and prepare the required tax returns or work closely with a client’s other advisors in the tax return preparation and tax planning. We represent clients in estate and trust litigation and IRS audits, if needed.
Property Tax Appeals
Our Real Estate Tax attorneys assist clients in navigating through the complex and overly-bureaucratic system of property tax and assessment appeals. We strive to get each client the maximum assessment reduction possible through administrative appeals and hearings before the County Assessor, County Board of Review, and Illinois Property Tax Appeal Board. Beyond the appeals process, we seek out any further property tax refunds potentially available to the client through filing Tax Objection lawsuits.
Since Leff & Cohen, Ltd. was established, the firm has secured substantial real estate tax savings for our clients in connection with a wide variety of properties, from commercial and industrial facilities to multi-unit residential buildings, including Condominiums, Homeowner’s Associations, Single Family Homes and, more complex and unique types of real estate. The firm has also secured, and maintained property tax incentives (such as Cook County Class 6B Incentives) on newly constructed, substantially rehabilitated or previously abandoned property, which have reduced the level of assessment for a period of ten to twelve years, resulting in substantial tax savings.
Business Legal Services
At Leff & Cohen, Ltd., we take a personal interest in every client no matter the size and pride ourselves in learning a client’s business from supply chain through end distribution, international transactions and banking, contract negotiations and human resources. With its abundant legal experience, Leff and Cohen, Ltd. has been assisting businesses in matters ranging from simple corporate formation and corporate governance to complex commercial transactions. Our attorneys have run businesses and have actual business experience in areas including financial services, real estate, lending, insurance, and accounting.
Leff & Cohen, Ltd. provides sound and practical business advice from formation through disputes and at termination. The majority of attorneys at Leff & Cohen, Ltd.’s are also CPAs and have the added tax experience to advise clients on their business legal matters.
Commercial and Residential Real Estate Transactions
At Leff & Cohen, the focus is on the diverse needs of today’s real estate client. Whether the client is a major business, a small business enterprise, a sole proprietorship, or an individual homeowner, we are ready to assist the client in completing whatever is required.