Richard L. Dees advises owners of privately and publicly held companies and wealthy families on control, tax, and business planning issues. Richard helps clients save estate taxes and develop succession plans targeted for S corporations, and regularly consults with other lawyers, accountants, financial planners, insurance consultants and trust officers on Internal Revenue Service (IRS) litigation and structuring business transactions. He also has experience on the farm estate tax valuation rules under Code Section 2032A and advises farmers, landowners, and real estate professionals on a variety of tax, leasing and business-planning issues.
Richard is nationally known for his experience in using partnerships to save estate and income taxes and is one of the foremost authorities on the special estate tax rules under Chapter 14 affecting family businesses. He is the author of numerous tax-related articles on subjects that include estate planning techniques and its applications, family limited partnership (FLP) litigation and the court’s often flawed analysis, and estate tax benefits for farmers. His writings appear in publications such as Taxes Magazine and Tax Notes.
In addition, Richard’s speaking engagements include lectures on the subject of partnerships as an alternative to other estate planning techniques at the preeminent estate planning conference at the Heckerling Institute.
Education
University of Illinois College of Law, JD, magna cum laude, 1980
Southern Illinois University, BS, 1977
Admissions
Illinois
Socio | Chicago
Chicago: +1 312 984 7613
Chicago: +1 312 984 7700
Chicago, IL / McDermott Event / October 17, 2019
Chicago, Illinois / McDermott Event / October 18, 2018
Webinar / Speaking Engagements / June 19, 2018
Chicago, Illinois / McDermott Event / May 14 - 16, 2018
Philadelphia, Pennsylvania / McDermott Event / June 5 – 7, 2017
On the Subject / August 4, 2016
Tax Notes, Volume 145, Number 11 / December 15, 2014
Is Chief Counsel Resurrecting The Chapter 14 ‘Monster’?
On the Subject / April 23, 2014
On the Subject / April 14, 2014
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London / Accolades & Rankings / September 26, 2019
24 McDermott Lawyers Recognized In Chambers High Net Worth Guide
Chicago / Tax Notes Today / December 11, 2017
Chicago / Accounting Today / October 31, 2017
Chicago / Wealth Advisor / October 13, 2017
Chicago / Forbes.com / October 4, 2017
Press Releases / September 26, 2017
McDermott’s Private Client Practice Named “Market Leader” in Chambers 2017 High Net ...
Chicago / Forbes.com / August 1, 2017
MPI Business Valuation & Advisory Blog / November 3, 2016
Bloomberg BNA Estate Tax Blog / September 15, 2016
The Law of Unintended Consequences Meets the §2704 Proposed Regulations
Tax Notes Today / September 7, 2016
ThinkAdvisor / September 2, 2016
Alarm Raised Over Treasury Push to Close Estate Tax ‘Loophole’
Bloomberg BNA Daily Tax Report / August 23, 2016
Press Releases / August 15, 2016
Tax Notes Today / August 3, 2016
The Wall Street Journal / August 2, 2016
Chicago / Press Releases / June 30, 2016
McDermott's Private Client Practice is Top-Ranked by Chambers High Net Worth 2016 Guide
Tax Notes Today / November 6, 2015
Valuation Discount Rules to Rely on Statute, Not Obama Proposal
Wills, Trusts & Estates Prof Blog / September 22, 2015
Tax Notes Today / August 31, 2015
Attorney Criticizes Possible Changes to Valuation Discount Rules
The Wall Street Journal / June 26, 2015
Bloomberg BNA Daily Tax Report / May 12, 2015
Guidance on Material Participation For Trusts, Estates May Emerge in Stages
Tax Notes Today / December 18, 2014
Boston / Accolades & Rankings / August 19, 2014
Bloomberg BNA's Daily Tax Report / March 31, 2014
‘Aragona Trust’: New Weapon in Fight to Avoid Section 1411 Investment Tax
Tax Notes / March 28, 2014
Trust Material Participation Decision Will Significantly Affect NII Tax
Bloomberg BNA's Daily Tax Report / February 19, 2014
Trusts' Net Investment Income Also Taxable for Beneficiary in IRS Rules
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