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Brian K. Jones and his father, Jerry, left their own firm in 2012 to join Harrison & Held as partners and to co-chair the firm’s family office practice. Brian’s practice is centered on estate planning and administration, business entities, tax and retirement planning. He has attained an AV Peer Review Rating from Martindale-Hubbell, the highest rating attainable for ethical standards and legal ability, and for the past three years has been recognized by Super Lawyer and Chicago magazine as an Illinois Rising Star. Brian is an active member of the Chicago Bar Association, where he currently serves on the Young Lawyers Section Executive Committee and chairs the Estate Planning Committee. Brian is actively involved with the Wills for Heroes Foundation, which provides free estate plans to Chicago first responders every month. Brian has also received the Five Star Wealth Manager Award in Chicago magazine for 2014, 2015, 2016, 2017 and 2018 .
“Grantor Retained Annuity Trusts (GRATs) – “Heads I Win, Tails We Tie” – The basics and (just slightly) beyond of this popular estate planning technique. Lecturer, Grantor Retained Annuity Trusts - Heads I Win, Tails We Tie , Chicago Bar Association, Estate Planning Committee, 2014 (Chicago Bar Association account log-in required).
“Liability Insurance and Its Role in Asset Protection and Estate Planning”, Chicago Bar Association Estate Planning Committee, 2012.
“The Evolving Application of the Step Transaction Doctrine in Estate Planning”, Chicago Bar Association Estate Planning Committee, 2011.
“Drafting for Corporate Fiduciaries and Things You Need to Know About Being a Trustee”, Chicago Bar Association Trust Law Committee, 2008.
HONORS & AWARDS
2011 – Received the Milton H. Gray Award for Outstanding Project Leadership presented by the Young Lawyers Section of the Chicago Bar Association.
2014 – Received the Maurice Weigle Exceptional Young Lawyer Award presented by the Chicago Bar Foundation, which celebrates the initiative and exceptional contributions of young lawyers to the profession, the organized bar and the community. http://chicagobarfoundation.org/awards/weigle-recipients/2014-brian-k-jones/
John Marshall Law School, J.D., 2006
Eastern Illinois University, B.A., 2000
State Bar of Florida, 2018
Northern District of Illinois, 2007
Illinois Supreme Court, 2006
American Bar Association
Illinois State Bar Association
Chicago Bar Association
"Asset protection" has remained a hot, though oftentimes mysterious, term in the legal field for some time now. Many times, it carries with it a dirty connotation (e.g. a texting driver blows a red light doing 80mph in his Aston Martin, causing a fatal accident in Chicago, then two days later, transfers all of his assets to his brother in California as "a gift").
With the increased use of intervivos trusts, it is now less common to have ancillary administration in Illinois in estates of nonresident decedents. Attorneys representing nonresidents of the State of Illinois should counsel clients to use a revocable “living” trust for Illinois assets so the delay and expense of administration in Illinois, as an ancillary jurisdiction, will be eliminated.
During the Revolutionary War, a group of soldiers was ordered to raise a heavy timber which the enemy had used to block the road. They could scarcely lift it from the road. A young corporal stood by, urging the men to lift hard, and shouting, “Now boys, right up!” With each subsequent failure to move the immense timber, the corporal’s commands sounded more and more severe. A superior officer passing by observed the efforts of the men and the sharp commands of the corporal. He rode up to them, dismounted, and lent his own strength to the task, lifting with the men. When the timber was in place, the officer asked the corporal why he did not help with the task. “Why, I am a corporal,” he replied. “I am George Washington,” responded the officer.
When attorneys draft trust documents, it's important to include maximum flexibility mechanisms to better respond to future tax, societal and beneficiary changes. Despite our clients' and our belief in crystal ball prognosis, these situations really are unforeseeable.