Morrison Michael is a distinguished law practice specializing in comprehensive estate planning, tax law, and business advisory services. With a concentrated focus on gift and estate tax strategies, income tax planning, and general business matters, the firm stands out for its meticulous approach to wealth transfer and entity structuring, serving a diverse clientele of business owners and executives.
The practice adopts a strategic and detail-oriented methodology, leveraging extensive experience in federal and state tax compliance, probate administration, and complex business transactions. Attorney Michael S. Morrison brings decades of expertise, having practiced in Wheaton, Elmhurst, Glen Ellyn, and previously with established firms, and holds a Juris Doctor, MBA in Finance, and a BS in Accounting. The firm is committed to providing personalized counsel to individuals, families, and entities of all sizes, offering a free half-hour review of existing estate planning documents.
Services Offered
- Estate planning and strategies
- Gift and estate tax law
- Charitable giving planning
- General income tax planning (individual, partnership, corporate)
- General business planning and strategies
- Probate estate administration (with or without a will)
- Trust administration (revocable and irrevocable)
- Federal and state death tax law research and compliance
- Wealth transfer planning
- Drafting business documents (contracts, operating agreements)
- Corporate, partnership, and LLC operating documents
- Board of director and shareholder minutes
- Buy-sell agreements
- Tax-exempt organization planning and compliance
- Business entity purchase, sale, formation, maintenance, and dissolution
- Like-kind exchanges and condemnations
- Use of foreign corporations and LLCs in real property ownership
- Choice of domicile and residency planning (interstate and international)
- Powers of attorney (health care and property)
- Will drafting and updates
- Trust drafting and updates (including qualified domestic trusts, grantor retained interest trusts, lifetime QTIP trusts, qualified personal residence trusts, irrevocable life insurance trusts)
- Trusts for minors and disabled persons (special needs trusts)
- Living wills and disclaimers
- Charitable remainder trusts and other charitable trusts
- Generation-skipping tax planning
- Planning for non-resident and resident aliens (non-citizens)
- Family limited partnerships
- Special use and alternate valuation planning
- Sales between related parties
- Grantor trust planning
- Installment tax payment planning
- Business entity formation, taxation, and operation
- 401(k), pension, and profit-sharing plans
- Estate, income, and gift tax audits
- Planning for income in respect of a decedent
- Estate tax return preparation (Forms 706 & 706NA)
- Gift tax return preparation (Form 709)
- Fiduciary tax return preparation (Form 1041)
- Filings for charitable and tax-exempt organizations
- Creation and operation of individual retirement accounts (IRAs)
- IRA rollovers, beneficiary designations, and minimum required distributions
- Advising executors, trustees, and successor trustees/executors
- Advising beneficiaries of trusts and estates (including surviving spouses)
Serving clients in Elmhurst, Wheaton, Glen Ellyn, and surrounding areas, the firm is an active member of the American Bar Association, Illinois State Bar Association, and DuPage and Cook County Bar Associations, with additional membership in the Illinois Society of Certified Public Accountants.
