Michaeline Gordon Featured in Law360 Article Titled "Aronberg Goldgehn Adds Estate, Tax Planning Pro in Chicago"
Aronberg Goldgehn new member Michaeline Gordon is featured in an April 13, 2018, write-up by Law360 titled “Aronberg Goldgehn Adds Estate, Tax Planning Pro in Chicago.”
Written by Hannah Meisel, the article quotes Michaeline as saying, "[Aronberg has a] broader and deeper platform of services, including a great tax department and litigation for when it comes up,” Gordon said. “That is available at a number of firms, but [Aronberg] has somewhat of an intimate setting. It’s got the sophistication of some larger firms, but … feels like a smaller firm from the standpoint of being able to know the team."
She told Law360 on Thursday that she “immediately” felt connected with Aronberg Goldgehn’s culture.
Michaeline assists business owners, professionals, real estate developers and other high-net worth individuals with all aspects of trust and estate planning, asset protection, generational planning and wealth preservation. She also specializes in helping both established businesses and entrepreneurs through the full business cycle, from initial planning stages to asset protection, succession planning or business sale if that’s in the cards.
She told Law360, “When you’re working with business owners, there are so many challenges… Helping somebody focus on the emotional and financial challenges of business succession planning or dealing with a second or third marriage situation where you have children of prior marriages — those can be challenging and emotionally tense.”
She also told the author that estate planning involves the most difficult conversations someone might ever have, but said they were critical details to iron out. She also said estate planning can be creative. And said: “It is rewarding to work with families identifying goals and their vision for the future; not just when they die but importantly while they’re living. There are so many kinds of modern families. Learning about and helping people address taking care of their unique family situation is very gratifying.”
In the nearly four months since the federal “Tax Cuts and Jobs Act” was passed by Congress and signed into law by President Donald Trump, Michaeline told Law360 that she has had to quickly adapt to serve clients in line with the tax overhaul. But, she said, new opportunities lie in the tax bill, and she’s eager to help business owners and families navigate the bill to maximize their benefits. It’s the biggest tax code change in her career, but the window of time her clients might be able to take advantage of it is very small, depending on the ever-changing political climate.
She told Law360, “For the more moderately wealthy clients because of these higher exemptions, we’re able to have conversations that are not just about taxes: What is it that you want to leave your family besides your money? Now we can talk about: What are your lifetime goals? Do you want to do lifetime gifting because you now have a $20 million exemption? We used to have a very tax-driven estate planning conversation. Now it’s loosened up.”
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