David A Charous Law Offices

Planning for your future, protecting your assets, and ensuring your legacy is preserved are crucial steps that require meticulous attention and expert legal guidance. For individuals and families across Illinois, particularly in the Northbrook area, David A. Charous Law Offices stands as a beacon of specialized knowledge and compassionate service in the intricate fields of estate planning, elder law, and probate administration. With over two decades of experience, Attorney David A. Charous brings a unique blend of legal and financial acumen to every client's situation, offering comprehensive strategies designed to provide peace of mind and secure your family's future. The firm is dedicated to simplifying complex legal matters, ensuring clients fully understand their options and feel confident in the decisions they make.

At David A. Charous Law Offices, the philosophy is built on education, clarity, and client well-being. David believes that understanding the rules and implications of your estate planning decisions is vital. He strives to provide clear paths forward, helping clients navigate through what can often seem like a maze of legal terminology and regulations. This approach is rooted in the understanding that true well-being comes from a sense of readiness and control over your affairs. David A. Charous is not just a lawyer; he is a trusted advisor committed to guiding you through the intricacies of wills, trusts, probate, financial planning, and elder law. His extensive experience, coupled with his background as a licensed CPA, allows him to provide a holistic perspective that integrates both legal and tax considerations, making him an invaluable resource for anyone in Illinois seeking to secure their legacy.

David A. Charous Law Offices is conveniently located at 5 Revere Dr, Northbrook, IL 60062, USA. This accessible address places the firm in a highly convenient spot for residents throughout Northbrook and the surrounding communities in Illinois. Northbrook is a well-established and easily navigable suburb, and the firm’s office is situated within a professional environment designed for client comfort and privacy. For those traveling by car, the location offers straightforward access from major local roads, minimizing travel time and making visits stress-free. Ample parking is typically available, further enhancing the convenience for clients. This strategic location in Northbrook underscores the firm's dedication to serving the local Illinois community directly and efficiently, ensuring expert legal guidance is always within reach for your estate planning and elder law needs.

David A. Charous Law Offices specializes in comprehensive legal services focused on estate planning, elder law, and tax compliance, providing detailed guidance for individuals and families.

Services Offered:

• Wills, Trusts, and Estate Planning Services: The firm assists clients in creating robust estate plans tailored to their specific needs. This includes drafting and implementing various types of trusts, such as Family Trusts and spousal Marital Trusts, designed to effectively reduce or eliminate federal and state estate taxes. They also prepare Revocable Living Trusts for unmarried clients to ensure seamless succession of trustees in case of disability, and trusts for minor children or individuals with disabilities to protect inheritances. Furthermore, they facilitate Irrevocable Insurance Trusts to provide liquidity for estate tax liabilities.

• Elder Law Issues, Medicaid Planning, Guardianships, and Advanced Directives: David A. Charous Law Offices helps elderly clients and their families navigate the unique challenges of aging. This includes planning for incapacity through the use of advance directives like Powers of Attorney for Personal Property and Powers of Attorney for Health Care. They also guide clients through the complex process of qualifying for Medicaid and other medical assistance programs to finance long-term care, advise on choosing appropriate long-term care and residential living facilities, and establish Supplemental Needs Trusts for loved ones receiving government assistance due to a disability. Post-death planning and administration for Executors and Beneficiaries are also key services.

• Estate, Probate, and Trust Administration: The firm provides comprehensive guidance through the post-death administration of estates and trusts. They are known for a "hand-holding" approach, assisting clients step-by-step through the probate court process, including filing petitions for Letters of Office, appointing Executors, reviewing Last Wills and Testaments, and fulfilling statutory requirements. They also handle family disputes related to estate administration, prepare accountings for executors and beneficiaries, assist with retitling assets, and plan for the distribution of IRAs and other retirement plans.

• Tax Compliance Issues: Leveraging David Charous’s background as a licensed CPA, the firm offers extensive experience in the preparation and review of federal and state income tax returns for estates and trusts. They provide expert tax planning services to ensure timely and accurate distributions from retirement plans to trusts and estates, minimizing tax liabilities.

David A. Charous Law Offices is distinguished by several key features and highlights that underscore its commitment to client success and exceptional legal service in specialized areas of law.

Features / Highlights:

• Dual Expertise as Attorney and CPA: David A. Charous is not only a seasoned attorney with over 23 years of practice but also a licensed Certified Public Accountant (CPA) since 1985. This dual qualification provides a unique and invaluable advantage, allowing him to approach estate planning and elder law with a comprehensive understanding of both legal and complex tax implications. This integrated perspective ensures clients receive holistic advice that optimizes their financial and legal outcomes.

• Extensive Experience in Tax Compliance: With a Master's in Tax Law degree from DePaul University's College of Law, David possesses deep expertise in tax compliance issues affecting trusts and estates. He has extensive experience preparing both simple and complex federal estate and gift tax returns, as well as fiduciary income tax returns, which is crucial for maximizing tax efficiency in estate planning.

• Strategic Planning and Problem Solving: David is adept at structuring complex arrangements, as demonstrated by his success in helping families avoid further indebtedness by restructuring IRA payout terms and enabling rollovers to defer income taxes. He employs strategic estate planning techniques, such as leveraged gift giving, charitable planned giving, family limited partnerships, and life insurance programs, to help clients save on unnecessary federal and state estate taxes.

• "Hand-Holding" Approach to Administration: Especially during the sensitive period of post-death administration, the firm prides itself on taking a "hand-holding" approach. They guide families step-by-step through the entire process, ensuring clarity, understanding, and support through what can be a challenging time.

• Membership in Prestigious Legal and Financial Associations: David is a member of the Chicago Bar Association’s Probate Practice Committee, Estate and Trust Law Committee, and Federal Taxation Committee. He is also a member of the Lake County, Illinois, Estate Planning Council, demonstrating his active engagement and leadership within the legal and financial planning communities.

While David A. Charous Law Offices focuses on delivering highly personalized and expert legal services, information regarding specific ongoing promotions or special offers is typically provided during an initial consultation. For potential clients in Illinois considering estate planning, elder law, or probate administration services, it is highly recommended to contact the firm directly to inquire about their consultation process. This initial meeting offers a valuable opportunity to discuss your specific needs, understand the firm's approach, and learn more about how they can assist you in securing your financial and personal future. Connecting directly ensures you receive the most accurate and up-to-date information regarding their services and any applicable consultation policies. You can reach David A. Charous Law Offices using the contact details provided below.

Contact Information:

Address: 5 Revere Dr, Northbrook, IL 60062, USA

Phone: (847) 498-7305

Mobile Phone: +1 847-498-7305

For locals in Northbrook and throughout Illinois, David A. Charous Law Offices is an exceptionally suitable choice for legal guidance due to its unique combination of specialized expertise and client-focused service. The firm's convenient Northbrook location offers easy access for residents, ensuring that personalized legal advice is never far away. What truly sets them apart is Attorney David A. Charous's dual licensure as both an attorney and a CPA, providing an unparalleled depth of knowledge in navigating the complex interplay between legal and tax implications in estate planning and elder law.

This integrated expertise means that individuals and families in Illinois can receive comprehensive and strategic advice that addresses not just their legal needs but also their financial well-being, helping them to minimize taxes and preserve wealth for future generations. His meticulous approach to probate and trust administration, combined with a "hand-holding" philosophy, offers invaluable support during what can be emotionally challenging times. For anyone in Illinois seeking to secure their legacy, plan for long-term care, or navigate the intricacies of estate administration with confidence and clarity, David A. Charous Law Offices provides the expert and compassionate guidance they deserve.