Luke Harriman

For high-net-worth individuals and families across Illinois, managing and preserving wealth for future generations requires more than just financial savvy; it demands sophisticated legal counsel rooted in a deep understanding of estate planning, tax implications, and trust administration. The complexities of wealth transfer can be daunting, often involving intricate legal structures, multi-jurisdictional considerations, and a careful balance of family objectives with financial realities. In this specialized field, having a dedicated and experienced attorney is not merely beneficial, but essential for peace of mind and strategic success.

Luke Harriman is a distinguished Partner at ArentFox Schiff, a prominent full-service international law firm with a significant presence in Chicago. Luke advises high-net-worth individuals and families on comprehensive estate planning and trust and estate matters. His expertise extends to counseling clients on the tax and other implications of changing residency, a critical consideration for many individuals with assets or homes in multiple states, including Illinois and Florida. He also works extensively with both individuals and corporate fiduciaries in all aspects of estate and trust administration.

Luke Harriman's practice is characterized by a meticulous approach to formulating and implementing sophisticated estate and gift tax planning strategies. His dedication to his clients' long-term financial well-being and his deep knowledge of relevant tax laws make him a trusted advisor for wealth preservation and transfer. This article will delve into the specific services, distinctive features, and convenient accessibility of Luke Harriman's practice within ArentFox Schiff, highlighting why he is a highly suitable choice for individuals and families in Illinois seeking expert guidance in estate planning and wealth management.

For individuals and families seeking specialized legal counsel in estate planning and wealth management, convenient access to their attorney is a practical necessity. Luke Harriman, as a Partner at ArentFox Schiff, operates from a highly accessible location in the heart of Chicago, making his expertise available to clients across Illinois.

The provided address for Luke Harriman is 191 N Wacker Dr STE 1800, Chicago, IL 60606, USA. This prestigious address places him within one of Chicago's premier business and legal districts, often referred to as the Loop. The building on North Wacker Drive is a well-recognized and professional edifice, offering a secure and conducive environment for confidential client meetings.

The strategic location of 191 N Wacker Drive ensures excellent connectivity via Chicago's comprehensive public transportation system. Numerous CTA 'L' train lines (including the Brown, Green, Orange, Pink, and Purple lines) and various city bus routes have stops within easy walking distance. This makes it highly convenient for clients commuting from different neighborhoods within Chicago and its surrounding suburbs. For those who prefer to drive, several public parking garages are available in the immediate vicinity, though it is always advisable for individuals to plan for downtown Chicago traffic and parking availability.

Beyond the physical office, as part of ArentFox Schiff, Luke Harriman benefits from and utilizes modern communication methods. While consultations at their central Chicago office are common, the firm's approach often includes flexibility for client meetings, ensuring that individuals across Illinois, and even those with residency in other states like Florida, can seamlessly connect with his expertise. This commitment to accessibility ensures that high-quality estate planning guidance is within reach for those who need it most.

Luke Harriman specializes in providing comprehensive legal services related to trusts, estates, and wealth management, particularly for high-net-worth individuals and families. His practice areas are highly focused, ensuring deep expertise in these complex fields. His services typically include:

• Comprehensive Estate Planning: Formulating and implementing sophisticated estate and gift tax planning strategies tailored to clients' specific financial situations and family objectives. This includes drafting wills, trusts (revocable and irrevocable), powers of attorney, and other essential estate documents to ensure orderly wealth transfer and minimize tax liabilities.

• Trust and Estate Administration: Representing individuals and corporate fiduciaries (such as banks or trust companies) in all aspects of estate and trust administration. This involves navigating the probate process, managing assets, addressing creditor claims, fulfilling fiduciary duties, and ensuring the efficient distribution of assets according to the decedent's wishes or trust terms.

• Tax Implications of Changing Residency: Counseling clients on the various tax and other legal implications associated with changing state residency, particularly between Illinois and Florida. This is crucial for individuals who split their time or consider relocating, as different states have distinct estate, inheritance, and income tax laws that can significantly impact wealth preservation.

• Private Foundation and Public Charity Advising: Working with private foundations and public charities on matters of corporate governance, federal tax exemption, and compliance with state attorney general oversight. This service assists philanthropic clients in establishing and managing their charitable endeavors effectively and legally.

• Generation-Skipping Transfer (GST) Tax Planning: Developing strategies to minimize or avoid the GST tax, which applies to transfers of wealth to grandchildren or other beneficiaries who are more than one generation younger than the donor.

• Succession Planning for Closely Held Businesses: Assisting owners of closely held businesses with developing comprehensive succession plans that ensure smooth transitions of leadership and ownership while addressing tax implications and preserving family wealth.

Luke Harriman's focused practice areas ensure that clients receive highly specialized and strategic advice tailored to their specific wealth management and estate planning goals.

Luke Harriman's practice at ArentFox Schiff offers several compelling features and highlights that make him a distinguished choice for individuals and families in Illinois seeking expert estate planning and wealth management counsel:

• Specialized Expertise in Trusts & Estates: Luke Harriman's practice is exclusively dedicated to advising high-net-worth individuals and families on trust and estate matters. This deep specialization ensures that clients benefit from an attorney who is entirely focused on the nuances, complexities, and evolving laws pertaining to wealth transfer and preservation. His expertise is further demonstrated by his publications in the Illinois State Bar Association's Real Property Newsletter and other financial publications.

• Dual State Licensure (Illinois & Florida): Luke is licensed to practice law in both Illinois and Florida. This is a significant advantage for clients who may have residences or assets in both states, or who are considering changing their residency. He can provide comprehensive counsel on the distinct tax and legal implications of estate planning across these two important jurisdictions.

• Top Academic Credentials: Luke Harriman graduated as the valedictorian of his class (rank 1/272) from Chicago-Kent College of Law in 2013, after earning honors in Economics from the University of Chicago. This strong academic background underscores his analytical rigor and foundational understanding of complex financial and legal concepts.

• Respected in the Estate Planning Community: He is an active member of key professional organizations such as the Chicago Estate Planning Council and the Chicago Bar Association Trust Law Committee. His involvement in these groups and his regular presentations on topics like the "Illinois Trust Code" and "Estate, Gift and Generation-Skipping Transfer Tax" signify his standing as a thought leader and trusted voice in the field.

• Holistic Approach to Wealth Transfer: Beyond merely drafting documents, Luke focuses on formulating and implementing sophisticated estate and gift tax planning strategies. He considers the broader financial and family goals, working to optimize wealth transfer while minimizing tax burdens and ensuring smooth administration.

• Experience with Private Foundations and Public Charities: His work with private foundations and public charities on governance and tax exemption matters is a valuable asset for philanthropic clients, allowing them to integrate charitable giving seamlessly into their overall estate plans.

These features collectively position Luke Harriman as a highly capable, knowledgeable, and reliable attorney for complex estate planning needs, making him an excellent choice for individuals and families in Illinois.

In the realm of highly specialized legal services like estate planning for high-net-worth individuals, traditional "promotions" or "special offers" are not typically used. However, Luke Harriman, through ArentFox Schiff, provides several key benefits that are essentially value-added services for potential clients in Illinois:

• Initial Consultations: While specific details on complimentary consultations may vary depending on the complexity of the client's needs, it is standard practice for attorneys in this field to offer an initial discussion to understand a prospective client's situation and outline how their services can help. This allows individuals to explore potential strategies and evaluate whether Luke Harriman's expertise aligns with their objectives without an immediate financial commitment.

• Expertise to Mitigate Future Tax Burdens: One of the most significant "offers" in estate planning is the strategic advice provided to minimize estate, gift, and generation-skipping transfer taxes. By implementing sophisticated planning strategies, Luke Harriman aims to save clients substantial amounts of money in future tax liabilities, which far outweighs any superficial discount.

• Comprehensive Legal Insights and Resources: As a Partner at a large firm like ArentFox Schiff, Luke Harriman contributes to and has access to extensive legal insights, publications, and resources. His own published articles and presentations on topics like the Illinois Trust Code and estate tax planning serve as valuable, freely accessible educational resources for individuals seeking to understand complex wealth management issues.

• Peace of Mind and Structured Planning: While intangible, the peace of mind derived from knowing that one's wealth and legacy are meticulously planned and legally sound is an invaluable benefit. This structured approach helps avoid future family disputes, ensures loved ones are provided for, and navigates complex legal processes efficiently.

These value propositions serve as the core "benefits" of engaging a sophisticated estate planning attorney like Luke Harriman, providing long-term financial security and strategic advantage for Illinois residents.

For those in Illinois seeking specialized legal guidance in estate planning, trusts, and wealth management from Luke Harriman at ArentFox Schiff, here is the relevant contact information:

• Address: 191 N Wacker Dr STE 1800, Chicago, IL 60606, USA

• Phone: (312) 258-5540 (This is the direct office number for Luke E. Harriman as listed on his firm's website).

When contacting Luke Harriman's office, it is advisable to be prepared with a brief overview of your estate planning needs or specific questions regarding wealth transfer or trust administration. This will help facilitate an efficient initial discussion and determine how his expertise can best serve you.

For high-net-worth individuals and families across Illinois, navigating the intricate world of estate planning, wealth transfer, and trust administration demands the expertise of a highly skilled and specialized attorney. Luke Harriman, a Partner at ArentFox Schiff in Chicago, is exceptionally suitable for locals due to his specific focus, impressive credentials, and practical approach to complex wealth management challenges.

Firstly, Luke's exclusive dedication to trusts and estates ensures that Illinois clients receive deeply specialized knowledge and strategic advice. His expertise extends beyond basic estate planning to include sophisticated gift and estate tax strategies, crucial for minimizing liabilities and preserving wealth for future generations. For families with significant assets, this specialized focus directly addresses their most pressing concerns regarding legacy and financial security within the Illinois legal framework.

Secondly, his dual licensure in both Illinois and Florida is a particularly salient feature for many Illinois residents who may have second homes, investments, or family ties in Florida. This unique capability allows him to provide seamless and comprehensive advice on the distinct tax and legal implications of wealth management across these two states, offering invaluable cross-jurisdictional guidance that many other local attorneys might not be equipped to provide. His deep involvement with organizations like the Chicago Estate Planning Council further solidifies his connection and commitment to the local legal and financial community.

Finally, Luke's strong academic background, coupled with his active role as a thought leader through publications and presentations on key estate planning topics, positions him as a highly credible and insightful advisor. For locals, this means access to cutting-edge legal strategies and an attorney who is at the forefront of his field. His presence in a convenient downtown Chicago location also ensures easy accessibility for meetings, while his firm's broader resources support comprehensive client service. For anyone in Illinois seeking to meticulously plan their legacy, optimize wealth transfer, and ensure peace of mind for their loved ones, Luke Harriman offers a highly effective and trustworthy partnership.