Wealth Accumulation, Preservation, and Transfer Planning

Welcome to Klaus LeFebvre & Wince LLP, a law practice devoted to assisting individuals and families looking for experienced, professional help in planning and managing complex legal and financial affairs.

The firm emphasizes wealth accumulation and transfer planning: estates, trusts, and taxes; agriculture; business organizations; probate; fiduciary law, and related litigation.

Specifically, the practice focuses on providing income, gift, and estate tax insights and recommendations to entrepreneurs, farmers and farm owners, high net worth families, executives, and licensed professionals with respect to wealth accumulation, preservation, and transfer planning opportunities.

Follow the links below for more detail on specific areas of practice.

Wealth Transfer Planning:

Family Lifetime Gifting
Charitable Gifts
Probate Avoidance
Post-Mortem Planning
  • Illinois Estate Tax Planning.
  • Insurance strategies (Commercial annuity, joint and survivor life insurance).
  • Outright fractional interest gifts.
  • Basic Trust Strategies (Family residence trusts; intentionally tax defective trusts, insurance trusts).
  • Advanced Trust Strategies (grantor retained annuity and unitrust, charitable lead or charitable remainder trusts).
  • Intra-family sale/leaseback or gift/leaseback, installment sale, self-canceling installment note.
  • Reduced interest rate loan and third party guaranty.
  • Private annuity.
  • Joint or split property purchase.
  • Remainder interest sale.
  • Fractional interest real estate “sliver” gifts.
  • Cost basis determination, comparison of lifetime vs. testamentary gifts, carry-over basis v. date-of-death or alternate valuation date increase in cost basis.
  • Preparation and filing of gift tax returns.

Wealth Accumulation and Preservation Planning:

Business Organizations
Employee Benefits
Life Insurance
  • Various forms of close-held business organizations (S- and C- Corporations, Sole Proprietorships, General and Limited Partnerships, LLCs).
  • Fragmentation of financial interests among business organizations.
  • Intra-family sales and leasebacks, market rate intra-family loans, third party guarantees, financing arrangements.
  • Combinations of business organizations, value deflection opportunities.

We believe in the following principles of practice:

1 Communication
2 Understanding the math
3 This law practice is focused


Taking time to understand you. Making sure you understand our planning. Keeping you informed. Staying accessible with a commitment to same-day acknowledgement of client emails and other communications. Breaking down complex concepts into simple steps. Communication is the foundation of the trust clients place in their attorney. The entire process—from planning to billing—should be easy to understand.

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