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Adam M. Damerow
Associate 
77 West Wacker Drive
adamerow@mcguirewoods.comSuite 4100 Chicago, Illinois 60601-1818 F: 312.698.4553    |
Mr. Damerow concentrates his practice on estate planning and administration for professionals, executives, closely held business owners and other high net worth individuals. His experience includes the preparation of various estate planning documents, ranging from wills, revocable trusts and powers of attorney to work on generation-skipping transfer tax exempt trusts and asset sales to grantor trusts. He also has experience practicing in Illinois probate court and in federal tax controversy work against the IRS.
He also devotes a significant part of his practice to advising nonprofit entities, including private foundations and public charities, on compliance, administration and funding issues at state and federal levels. He also regularly prepares corporate documents for family owned businesses, including buy-sell agreements and business formation and operation documents.
- Private Wealth Services
- Trusts & Estates
- Nonprofit & Tax-Exempt Organizations
- Fiduciary Advisory Services
- Nonprofit & Charitable Advisory Services
- Summer Associate and Law Clerk, McGuireWoods LLP, Chicago, Illinois, 2007
- Law Clerk, Liberty Mutual, Chicago, Illinois, 2006-2007
- New York City Public School Teacher and Teach for America Corps Member, Bronx, New York, 2002-2004
- Making Sense of the 2010 Estate Tax Legislation, CCH (co-authored with McGuireWoods Private Wealth Services Group), 2011
- "The Attack Incapacity Suit - A Self-Fulfilling Prophecy?" (co-authored with Dana G. Fitzsimons Jr. and Joseph P. McMenamin), Probate & Property, Vol. 24, No. 6, November/December 2010
- "Charitable Giving and Disaster Relief Efforts in Response to the Haitian and Chilean Earthquakes," (co-authored with Milton Cerny), The Exempt Organizations Tax Review, Vol. 65, No. 5, May 2010
- "Planning for the New 3.8 Percent Surtax on Trusts and Estates," McGuireWoods News, April 22, 2010
- "Deadline Nears for 2009 Deductions of Earthquake Donations," McGuireWoods News, April 7, 2010
- "Estate Planning in Uncertain Times: The Impact of the Repeal of the Estate Tax," (co-authored with E. Graham McGoogan, Jr.), CCH Financial and Estate Planning, Report No. 362, Vol. 3, ¶33,351, February 2010
- "Illinois Fiduciary Case: Citizens National Bank v. Kids Hope United," McGuireWoods News, January 14, 2010
- "Trust Provision Mandating Drafting Attorney's Consent Prior to Modification Upheld," McGuireWoods News, December 12, 2009
- "Maximization of Wealth Transfers Using CLATs in a Low-Interest Rate Environment," CCH Practitioner's Strategies, Fall 2009
- "FLPs & LLCs in Recent Cases," McGuireWoods News, September 29, 2009
- "The ACTEC State Death Tax Chart - Still Going Strong After Seven Years," (co-authored with Charles D. Fox IV), ACTEC Journal, Vol. 35, No. 1, Summer 2009
- "Traversing the Risk Minefield: How to be a Compliant Fiduciary," McGuireWoods LLP Fiduciary Advisory Services Seminar: The Changed Environment for Corporate Fiduciaries: How to Successfully Meet the Challenges," Chicago, Illinois, October 2011
- "Impact on Trust Professionals of the Uniform Power of Attorney Act," McGuireWoods LLP Fiduciary Advisory Services Seminar: Issues Facing Corporate Fiduciaries: Going Boldly (Blindly) into a Brave New World, Chicago, Illinois, October 2010
- "Nonprofit Opportunities for a Merger with or Acquisition of Another Nonprofit," McGuireWoods LLP Nonprofit and Charitable Advisory Services 8th Annual Nonprofit Seminar: Effective Board Management in Challenging Times, Chicago, Illinois and Richmond, Virginia, October 2010
- "Living Wills & Powers of Attorney," 2010 Citywide Senior Conference, Chicago, Illinois, May 2010
- "Recent Developments including LP and LLC Valuation Cases, State Tax Decoupling, and Asset Protection," First Midwest Trust Continuing Legal Education Seminars, Moline, Illinois, Joliet, Illinois, and Highland, Indiana, November 2009
- "Nonprofit Governance and Management: Board Duties, Polices & Procedures," McGuireWoods LLP Nonprofit and Charitable Advisory Service 7th Annual Nonprofit Seminar: Effective Nonprofit Management in Times of Economic Uncertainty, Chicago, Illinois, October 2009
- "The New Uniform Prudent Management of Institutional Funds Act," McGuireWoods LLP Nonprofit and Charitable Advisory Service 6th Annual Nonprofit Seminar: Compliance & Enforcement in the Wake of Transparency, Chicago, Illinois, November 2008
- American Bar Association
- Real Property, Trust and Estate Law Section
- Illinois Bar Association
- Trusts and Estates Section
- Chicago Bar Association
- Trust Law Committee
- Uniform Trust Code Committee
- YLS Estate Planning Committee
- Board Member, University of Michigan Club of Greater Chicago
- Corporate Advisory Board Member, LaRabida Children's Hospital
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EDUCATION Loyola University Chicago School of Law, Chicago, Illinois, J.D., cum laude, 2008
Loyola University Chicago Graduate School of Business, Chicago, Illinois, M.B.A., 2007 Pace University School of Education, New York, New York, M.S.T., 2004 University of Michigan, Ann Arbor, Michigan, B.A., 2002 ADMITTED Illinois 2008 U.S. Tax Court 2008 U.S. District Court for the Northern District of Illinois 2008 PLACE OF BIRTH Traverse City, Michigan |