Adam Zylstra is a member of the firm's Wealth Preservation Practice Group and Trust and Estates Controversy Practice Group. He focuses his practice on estate planning, trust administration, probate representation and tax consultation.
Adam advises a diverse group of entrepreneurs, professionals, executives, and their families on estate planning matters. He is able to recognize each client's unique set of objectives to design, implement, and administer estate plans, tax planning, succession planning and charitable gift planning documents, including: wills and exercises of powers of appointment; revocable trusts; irrevocable trusts, grantor retained annuity trusts; qualified personal residence trusts; spousal lifetime access trusts; health and education exclusion trusts; charitable remainder trusts, donor advised funds, and private foundation planning.
He also has experience representing taxpayers on correspondence review and audit of gift, estate, fiduciary income, and individual income tax returns.
For clients wishing to establish charitable foundations and charitable remainder trusts, Adam incorporates, organizes, and obtains tax exemptions for private foundations, private operating foundations and public charities.
- Draft promissory notes, loan agreements, and security agreements for multimillion dollar private loans secured by privately held companies.
- Obtain asset valuations, prepare attachments, assist in preparation and review of multi-million estate tax returns.
- Researched and drafted briefs defending client against tax deficiency in excess of $1M, which resulted in tax court victory.
- Prepare contracts, resolutions, and transfer documents for multi-million sales of client businesses to domestic and international buyers.
- Manage relationship with art galleries and consignees for marketing and sale of pieces by significant Chicago artist.
- Executed, funded, and monitored plan of two-year rolling GRATs leveraging client’s assets to transfer significant wealth to next generation.
News & Alerts
- September 2019