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Alan G. Palmer provides comprehensive legal counsel with extensive focus in several areas of practice:
Alan’s Federal and State income tax practice focuses on clients with complex investments and income tax reporting requirements, including extensive rental real estate holdings, limited partnerships and various investments which require the preparation of annual multi-state income tax returns and various entity tax returns. Alan counsels clients on their appropriate choice of partnerships, limited liability companies and trusts with a focus on their individual financial goals and their unique family investment strategies. Alan’s Federal and State income tax practice also includes the preparation of responses to various IRS inquiries and audit matters.
Alan designs and drafts estate plan documents for a wide range of clients, including families concerned with creating the appropriate structure and financial foundation for their young children and wealthy families seeking to create an estate plan that provides for an orderly and efficient transfer of their assets to their children, grandchildren and subsequent descendants. Alan also counsels clients on effective charitable and individual gifting strategies that are sensitive to the desires of each individual client and which result in significant income and estate tax benefits. Alan advises clients regarding the negotiation and preparation of Prenuptial Agreements and assists those clients through the sensitive and emotional process of protecting their respective assets and determining fair and reasonable financial provisions for the marriage.
University of Illinois College of Law, J.D., 1985
University of Illinois at Urbana-Champaign, B.S. Accountancy, with Honors, 1982
Certified Public Accountant, 1982
Illinois Supreme Court
U.S. District Court for the Northern District of Illinois, General Bar
Illinois State Bar Association
Illinois CPA Society
Jacob Duman Jewish Community Center, Buffalo Grove, Illinois - Past President