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Jerry D. Jones

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Partner

Jerry D. Jones

Jerry’s practice encompasses all aspects of Estate, Gift and Generation-Skipping Transfer Taxation.

Jerry was a partner at Wilson & McIlvaine (a Chicago icon founded in 1867), where he learned estate planning, trust administration, and investment oversight from highly experienced lawyers, many of whom served as Independent Trustees and Executors for some of Chicago’s most prestigious families.  Assets in a long-term trust with an Independent Trustee in charge of distributions will be isolated from claims of creditors and divorcing spouses.  These trust assets also will be exempt from estate tax at the death of each beneficiary and the beneficiary’s descendants.

The firm’s Client Services operation came into existence due to the fact that wealth can be a blessing or a curse.  Too much too soon can destroy a young person’s initiative and development.  When the older generation is no longer able to guide a descendant’s development that duty falls to a Trustee.

An institutional Trustee has a dual role of developing the beneficiary and turning a profit for the institution’s shareholders.  Occasionally these roles may be in conflict and doing the right thing may not occur.

A lawyer-Trustee also has a dual role of beneficiary development and the attorney’s ethical requirement of doing what makes the most sense for the family even if it means distribution of trust assets due to other factors, such as basis step-up and changing tax laws.  Jerry has had significant experience as lawyer-Trustee for many years and has passed those skills on to his son Brian and to many younger partners over the years.

In 2012, Jerry and Brian joined Harrison & Held as partners and brought with them the Client Services operation.

Education

  • University of Illinois, J.D. Law Review, Order of Coif, 1967
  • Organizations

    • American Bar Association
    • Illinois State Bar Association
    • Chicago Bar Association - On behalf of the Chicago Bar Association, Jerry has testified several times before the Illinois State Senate Judiciary Committee on pending legislation in the trust and estate areas.

    Admissions

  • Illinois Supreme Court
  • Awards & Honors

    AV Peer Review Rated in Martindale-Hubbell.

    Named to the Illinois Leading Lawyer network for Estate Planning     

    Speeches & Publications

  • "Expect the Unexpected," Co-author, Penton Media, Trusts & Estates, February 1, 2012
  • “Individual Trustee or Corporate Trustee?”, Chicago Bar Association Trust Law Committee, 2010.
  • “Should Illinois Surviving Spouse Statutory Share Rights in Probate Extend to Decedent’s Inter Vivos Trusts?”, Chicago Bar Association Trust Law Committee, 1992.
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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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