William M. Long

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Bill heads the private wealth services team in Chicago. He focuses on estate and tax planning for high net worth individuals including business owners, key executives and physician groups.

In connection with wealth management and estate planning clients, Bill prepares wills, grantor trusts, insurance trusts, generation skipping trusts, residence trusts, pre and post marital agreements, probate filings, gift/estate tax returns, and family limited partnerships. He advises high net worth clients on the creation, funding and administration of private foundations and charitable trusts as well as other tax issues related to charitable giving. In estate and trust administration matters, Bill represents individual and institutional trustees/executors with respect to their fiduciary obligations and responsibilities, and he has substantial experience with IRS audit and tax controversy work.

Bill also has extensive experience advising closely held and family owned businesses on the orderly and tax efficient transfer of wealth to younger generations. He assists business clients with formation, entity selection, capitalization and governance structure; and counsels closely held business owners with buy/sell, succession, estate and personal taxation matters. He serves as outside general counsel for clients operating as corporations, partnerships, and limited liability companies; and advises the board of directors for certain corporate clients.

Bill has been a lecturer in business and federal taxation matters for the Chicago Bar Association and numerous financial institutions. He has also presented seminars for the Internal Revenue Service, American Institute of Certified Public Accountants and the Association of Independent Accountants. He is an annual speaker for the McGuireWoods Fiduciary Advisory Services Seminar in Chicago.