RICHARD A. SUGAR
concentrates his practice on dealing with the financial, tax,
and humanistic aspects of business transactions; the creation,
combination, and division of enterprises; and the preservation
of wealth for current and future generations. With the benefit
of more than 30 years of legal experience, Richard approaches
every client engagement searching for fresh, innovative ideas
to solve his clients’ most pressing problems quickly.
Richard advises clients in many industries,
including professional practices, service businesses, technology
companies, non-profit charitable organizations, and manufacturing
and wholesale businesses.
Richard’s forte is in counseling
clients to preserve wealth and afford security to the current
generation while planning to pass that wealth to future generations
in ways that maximize benefits, minimize costs, and avoid corrupting
future generations. Richard is most gratified that he has been
able to advise a number of client families over a span of three
generations.
Richard has been repeatedly honored
over several years as an Illinois “Super Lawyer”
in several practice areas of Tax, Estate Planning, and Business
Law.
Richard is President Emeritus (having
previously served as president and a member of the Board of
Directors) of Midwest Young Artists.
Richard also has previously served
on the Board of Governors of the Chicago Society of Clubs, including
as Chairman of its Community Public School Improvement Committee;
as a member of the Small Business Division Editorial Board of
Commerce magazine, published by Chicagoland Chamber of Commerce;
as a board member of the Illinois Small Business Growth Corporation,
having been nominated to that position by Gov. Thompson; and
as an Executive Vice President and Board member of the Independent
Business Association of Illinois.
Richard has written a number of articles
including:
“Choosing Among The Mechanisms for Succession Planning
for the Family Business Owner,”
“Death of a Lawyer - Duty to Client, Heirs, and Country”
“Buy-Sell Agreements: A Short Treatise for Shareholders
and Partners”
“Cross Purchase Agreements Now Are Often More Beneficial
Than Redemption Agreements”
“The Revolution in Employee Benefits, What It Means and
What To Do About It”
“Eliminating Cumulative Voting Rights for Illinois Corporations”
“Social Security - An Integrated View of Public and Private
Retirement”
“Charitable Treatment of Charitable Gifts”
“How New Section 2040(c) Alters the Estate Tax Burden
on Jointly Owned Property” “Employee Contributions
to Qualified Plans - A Frontier for Tax Planning”
“Power of Appointment - Electing To Save Death Taxes in
Illinois”
“Small Businessman's Loss of Privacy under ERISA”
Richard received his J.D. from the
University of Chicago. He holds a B.S. degree, with distinction,
in Business Economics and Public Policy from Indiana University.
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