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Stuart K. Taussig
Of Counsel

STUART K. TAUSSIG practices primarily in the areas of corporate, business, tax, estate planning, conflict resolution, and succession planning. Much of his work in these areas emphasizes representation of, and planning for, family and other closely held businesses.

Stuart, who passed the CPA exam, acts as an advisor and counselor as well as an attorney to family business clients, dealing with all of their varied legal problems. He has extensive experience in helping clients solve their succession and related estate tax and liquidity problems. Stuart has served on the board of directors of closely held businesses and understands how to help them deal effectively with challenges and opportunities.

Stuart received his B.B.A. from the University of Wisconsin and his J.D. from the University of Wisconsin Law School. During law school, he was a member of the Wisconsin Law Review and the Vice Chair of the Madison Legal Aid Society. Stuart received a Doctor of Humane Letters, Honoris Causa from Spertus College of Judaica.

Stuart has been awarded an AV® Peer Review Rating from Martindale-Hubbell, its highest rating for ethical standards and legal ability. He is also a member of the Leading Lawyers Network and was named to the Illinois Super Lawyers list.

Professional and Civic Affiliations

  • American Bar Association
  • Chicago Bar Association
  • Chicago Council of Lawyers
  • Chicagoland Jewish High School
    • Former Member, Board of Trustees
    • Member, Endowment Board
  • American Jewish Committee
    • Former Member, National Board of Governors
    • Past President, Chicago Chapter
  • Tau Epsilon Rho Law Society
    • Former National Supreme Chancellor
  • Chicago Action for Soviet Jewry
    • Former Member, Advisory Committee
  • Soviet Jewry Legal Advocacy Center
    • Former Member, Board of Directors
  • Spertus College of Judaica
    • Former Chair, Board of Trustees
  • Daughters of Charity Marillac Settlement House
    • Former Member, Board of Directors
  • Hubbard Street Dance Company
    • Former Member, Board of Directors
  • Jewish Federation of Metropolitan Chicago
    • Former Member, Board of Directors
  • Jewish United Fund/Metropolitan Chicago
    • Former Member, Board of Directors
  • National Jewish Medical Research Center
    • Former Member, Council of National Trustees

Recent Representations

  • Represented a family of companies—located in two states in America and two states in Mexico—in a sale of their assets.
  • Restructured stock ownership in a family corporation for succession purposes and created a plan to separate the children in the business from the children not in the business where the vast majority of the senior generation's assets was the business and life insurance was not an option.
  • Restructured stock ownership in a closely held corporation among family members and related entities, resulting in significant income and estate tax savings upon the subsequent sale of the company. Stuart represented the company in the sale negotiations and was a director of the company.
  • Resolved a family dispute involving a widow and her stepchildren in an amicable manner. The tax structure Stuart devised helped facilitate the resolution.
  • Realized a significant settlement, without the necessity of litigation, for the benefit of a trust because of mismanagement by the corporate trustee.
  • Restructured the stock ownership of a corporation by transferring the vast majority of equity ownership to descendants and trusts for descendants with no gift tax implications while the donors/parents retained voting control. The structure will save significant death taxes upon the death of the donors/parents.