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James W. Weller

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Partner; Certified Public Accountant

James W. Weller

James W. Weller’s practice integrates all aspects of estate planning and administration, from the initial planning phase, to lifetime transactions and gifts, to estate settlement and beneficiary distributions.

Jim drafts customized estate plans for clients with a wide variety of personal goals and wealth. His clients include young families who have not yet accumulated significant wealth; wealthy families needing transfer tax planning; merged families from prior marriages; and closely-held business owners. Jim further advises business owners on the formation and maintenance of business entities, such as limited liability corporations, appropriate for family-owned businesses, and for unrelated partners.

Jim counsels fiduciaries in balancing the beneficiaries’ interests, including modification of trust instruments by statutory or judicial reformation. Jim further advises estate planning clients on the allocation of business interests and other assets which are not readily divisible among beneficiaries, with emphasis on allocation of family wealth between family member business participants and non-participants. Jim regularly collaborates his counsel with family offices for efficient and timely decision-making on all aspects of wealth management.

His counsel to fiduciaries includes the preparation of federal and state estate tax returns, gift tax returns and fiduciary income tax returns and compliance with generation-skipping transfer tax reporting. Jim represents fiduciaries in IRS gift and estate tax audits.

In disputed estates, Jim has negotiated family settlement agreements to avoid costly litigation. He drafts and negotiates prenuptial agreements and provides counsel for maintaining the status of separately owned assets following marriage.

Education

  • The John Marshall Law School, J.D., 1992
  • Loyola University , M.B.A. (with emphasis in Finance), 1988
  • Millikin University, B.S. in Accounting (Cum Laude), 1982

Organizations

  • Chicago Bar Association
  • Admissions

  • Illinois Supreme Court
  • Awards & Honors

    Speeches & Publications

    Estate Planning and Administration for Civil Union Partners, Springfield, Illinois (ALI-ABA, October 26, 2011)

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    Please be advised that any response to this email does not create an attorney-client relationship and, therefore, no attorney-client privilege is attached by this communication. You should not send any confidential information to the firm until you have received a written agreement from the firm to perform legal services on your behalf. Unless you have received such a written agreement, we will not consider any correspondence you send us as confidential. Do you agree with these terms?
    ACCEPT the terms or Cancel the email.

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