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Larry Kern focuses his practice on tax and estate planning matters for high-net-worth individuals and families, closely held business owners, private equity and hedge fund principals, and charitable organizations. He has deep experience advising clients in connection with the formation and operation of family offices and private trust companies, as well as the migration of trusts to reduce or eliminate state income tax exposure. As a certified public accountant, he also has substantial experience with estate and trust administration matters, preparing and reviewing state and federal income, estate, gift, and generation-skipping transfer tax returns, and helping clients manage disputes with the Internal Revenue Service and state taxing authorities.

Larry regularly designs, implements, and administers sophisticated wealth transfer tools, including grantor retained annuity trusts, sales to defective grantor trusts, asset protection trusts, family investment vehicles, dynasty trusts, and life insurance trusts. He also assists closely held business owners and wealthy individuals with business succession planning, as well as income tax and transfer tax reduction planning. In addition, Larry regularly represents clients in estate and trust administration matters, including contested estates and trusts, and he counsels clients on the formation and administration of a variety of tax-exempt and charitable entities.

Capabilities

Experience

  • Managed the formation and administration of several private trust companies, the creation of family pooled investment structures, decanting trusts to achieve personal and tax objectives, assisting closely held business owners in the transfer of minority interests to other family members.°
  • Represented an estate executor in the formation of a family settlement agreement to prevent costly litigation among heirs.°
  • Represented an estate executor in the settlement of various federal and state tax liens.°

°The above representations were handled by Mr. Kern prior to his joining Greenberg Traurig, LLP.

Recognition & Leadership

  • Member, Chicago Estate Planning Council

Credentials

Education
  • J.D., University of Illinois College of Law, 1988
  • B.S., Accounting, University of Illinois at Urbana-Champaign, 1985
Admissions
  • Illinois