Michael A. LoVallo Photo
mlovallo@reedsmith.com

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Michael's practice includes sophisticated and proactive estate and gift tax planning, involving grantor retained annuity trusts, family partnerships, limited liability companies, generation-skipping tax planning, insurance planning and intra-family sales. He represents both private and publicly held family businesses with special emphasis on the integration of tax, business and personal aspects of succession planning. He also represents corporate and individual trustees in settling estates of complex holdings and taxpayers in estate and gift tax audits. Michael structures charitable contributions to achieve maximum personal and tax benefits through use of vehicles such as charitable lead trusts, charitable remainder trusts, private foundations and donor advised funds. He provides advice to fiduciaries on technical aspects of tax, estate and trust law. Michael also represents beneficiaries and fiduciaries in estate and trust disputes and litigation.

Credentials

  • Columbia University School of Law, 1980, J.D., Harlan Fiske Stone Scholar
  • Georgetown University, 1977, A.B., Phi Beta Kappa

  • Illinois

  • Fellow, American College of Trust and Estate Counsel (ACTEC)
  • Past Chairman, Chicago Bar Association Trust Law Committee
  • Served on the Executive Committees of both the Trust Law and Probate Practice Committees
  • Member, Chicago Estate Planning Council
  • Member, Catholic Charities Board of Advisors
  • St. Ignatius College Prep Planned Giving Estate Planning Advisory Board
  • Director, Chicago Bar Foundation
  • Past President, Queen of All Saints School Council

Awards & Recognition

  • Listed in Best Lawyers in America, Trust and Estates, 2017
  • Listed as an Illinois Super Lawyer in the area of Estate Planning & Probate by Illinois Super Lawyers magazine, 2006 - 2017
  • Listed as one of the Top 100 lawyers in Illinois by Illinois Super Lawyers magazine, 2006
  • Recognized in Crain's Chicago Business special report, "Who's Who" in the law

Notable Quotes

  • "In Whom Do You Trust," (regarding best practices for choosing a trustee), Northern Trust's Wealth magazine.
  • "Adventurer Steve Fossett's Widow Dismisses Faked Death Claims," The Telegraph.
  • "Your Wealth at Risk: Protecting Your Portfolio in an Era of Uncertainty," Worth magazine.
  • "Real-life Solutions for Family Conflicts," Kiplinger's Personal Finance magazine.
  • "Succession: Strategically Creating a Successful Succession Plan," Chicago Lawyer magazine.
  • "Why Do Mergers Die? It's Like Dating," lawjobs.com.
  • "Setting Themselves Apart From the Pack," Chicago Lawyer magazine.