Jay P. Tarshis

Partner

Mr. Tarshis is a partner in Arnstein & Lehr’s Chicago office and head of its trusts and estates practice group.  His practice focuses on estate planning and administration, taxation, and general corporate law.  Mr. Tarshis’ estate planning practice is concentrated on inter-generational wealth planning for family business owners and high net worth individuals.  Mr. Tarshis frequently addresses business succession issues, asset protection planning, tax planning relating to liquidity events, family business transfers, charitable giving and tax controversy matters.  Mr. Tarshis also represents various charitable organizations on planned giving, corporate governance, tax and other issues.

Mr. Tarshis’ recent firm affiliations are as follows:

Arnstein & Lehr LLP (Chicago Office):  April, 2005 through the present
Michael Best & Friedrich LLP (Chicago Office):  May, 2001 through March, 2005
Schwartz & Freeman:  September, 1993 through April, 2001
Gottlieb & Schwartz:  January, 1989 through August, 1993

Professional Activities and Achievements

Mr. Tarshis was elected to the “Leading Lawyer Network” for estate planning attorneys.  Mr. Tarshis has also served on planned giving committees for the Boy Scouts (Chicago Area Council) and the Glenwood School for Boys.

Recent Publications

Mr. Tarshis frequently speaks on tax, estate planning, asset protection, family wealth planning and related issues.  Recent publications include an article in Chicago Lawyer titled, “Tax Issues Relating to Domestic Partner Benefits,” a chapter titled “Naming Trusts as Beneficiary” in IICLE publication Retirement Benefits in Estate Planning and an article titled “Current Trends in Fiduciary Litigation:  The Evolving Responsibility of the Trustee to Diversify its Portfolio” in Stout Risius Ross Summer 2009 Trust and Estates Journal.  Mr. Tarshis has also frequently contributed to the Medical Economics magazine and related publications.

In the Summer, 2009 issue of Stout/Risius/Ross, Trusts & Estates Edition, co-authored an article Current Trends in Fiduciary Litigation:  The Evolving Responsibility of the Trustee to Diversify its Portfolio.

Recent Seminars presented by Mr. Tarshis include:

October 20, 2011 – Northwest Suburban Estate Planning Council – “Designating a Beneficiary of Retirement Assets”

October 15, 2009 – Northwest Suburban Estate Planning Council – “Recent Developments Impacting IRA’s”

February 12, 2009 – JPMorgan presentation – “Managing Fiduciary Risks:  Diversification and Other Misnomers”

November 6, 2008 – Estate Plan classes for Oxford Investment Partners – “Introduction to Estate Planning” and After the Basic Estate Plan”

September 18, 2008 – Northwest Suburban Estate Planning Council – “Current Estate Planning Issues for IRA’s”

May 6, 2008 – Chicago Bar Association – “Estate Planning with Retirement Benefits”

March 27, 2008 – Kane County Bar Association 2008 Estate & Probate Seminar, Geneva, IL – “A Short Course on Estate Planning with Retirement Benefits”

February 13, 2008 – Fifth Third Bank National Trust Officer Conference, Indianapolis, IN – re “Recent Trends in Fiduciary Litigation”

September 26, 2007 – Bank of America:  national teleconference from Chicago – “Special Needs Trusts and Estate Planning for People with Disabilities”

June 11, 2007 – DFK Accountants (Nationwide Affiliated Accounting Firms) “Business Valuation and Litigation Services Fly-In”
O’Hare Radisson, Chicago, IL – re:  “409A Final Regulations:  Valuation Issues”

June 5, 2007 – Renaissance Chicago Hotel, Northbrook, IL – Asset Protection Planning for Physicians

May 21, 2007 – O’Hare Marriot, Chicago, IL – Asset Protection Planning for Physicians

November 6, 2006 – Lisle – Asset Protection Planning for Physicians

October 25, 2006 – Oak Lawn – Asset Protection Planning for Physicians

September 29, 2005 – Chicago Business Succession Planning (sponsored by Northwest Chicago Industrial Council)

November 10, 2004 – Chicago – Asset Protection Planning for Accountants and Physicians

Education

University of Illinois College of Law (J.D. cum laude, 1980)
Northwestern University (B.S., 1976)

Bar Admissions

State of Illinois
U.S. District Court for the Northern District of Illinois
U.S. Tax Court