Carleen L. Schreder
carleen@levinschreder.comCarleen focuses her practice on estate tax and income tax planning, working with both U.S. and international clients. She works extensively with families on multiple strategies for wealth transfer. She has experience in the formation of private trust companies to administer trusts for a client's family and is an officer of one such company. She handles all forms of charitable planning, including private foundations, charitable trusts and donor advised funds. Carleen has also handled tax controversies, including estate tax and income tax audits and litigation. Carleen works with many clients, particularly in the real estate area, to structure loans, investments and sales or exchanges in order to maximize the deductibility of available losses and defer income taxation as appropriate. She represents many family owned businesses and helps them with succession planning and implementation of techniques to minimize gift and estate tax on transferring interests to the next generation.
In addition to her legal work with clients, Carleen has been recognized by her peers for her community achievements. She was a recipient of the Chicago Bar Foundation's Maurice Weigle Award as an Outstanding Young Lawyer in Chicago. She is also active in several social service and support organizations which includes leadership positions with the Chicago Foundation for Women, Chicago Legal Advocacy for Incarcerated Mothers and Chicago Abused Women Coalition.
Publications:
"Even More Uncertainty About Estate-Tax Apportionment," Illinois Bar Journal, June 2007
Co-Author of a chapter, "Planning for Exempt Assets" in the 2007 edition of Asset Protection Planning, published by the Illinois Institute for Continuing Legal Education (IICLE), 2007
Recent Presentations:
“Illinois Estate Tax Apportionment Issues” presented for members of the Probate Practice Committee of the Chicago Bar Association on November 15, 2007
"Income Tax Planning," presented for members of the American Matrimonial Lawyer Association, November 2004
"Charitable Giving," sponsored by the Merit School of Music, September 2004
"Extreme Estate Plan Makeovers: How to Make the Most of Badly Drafted Documents," presented to attendees of the Illinois Institute of Continuing Legal Education (IICLE) Annual Estate Planning Short Course, May 2004
Education:
J.D., University of Chicago, 1982
B.A., Lake Forest College, 1979 - Phi Beta Kappa
Admitted:
Illinois, 1982
U.S. Tax Court
U.S. Court of Appeals for the Seventh Circuit, 2005
Professional Activities:
American Bar Association
Chicago Bar Association - Former Committee Chair and Director, Young
Lawyers Section
Chicago Estate Planning Council
Chicago Finance Exchange
Community Activities:
Chicago Foundation for Women - Vice-President and Member, Board of Directors
Chicago Legal Advocacy for Incarcerated Mothers - Former Member, Board
of Directors
Chicago Abused Women Coalition - Past President
Lake Forest College - Former Member, Planned Giving Committee
