The business law attorneys at The Tracy Firm, Ltd. are dedicated to providing full-service representation to business owners, corporate professionals, and entrepreneurs nationwide Contact us at 1.888.978.9901 or get in touch with us online. if you are in need for help in any aspect of your estate executive planning.

Call to Speak with one of our Executive Planning Lawyers

An executive planning lawyer can provide you with legal assistance and financial counsel in all types of estate planning matters. Contact us today to get effective representation with our experience in extensive probate, guardianship, conservatorship, estate and tax planning law practice.
The business law attorneys at The Tracy Firm, Ltd. are dedicated to providing full-service representation to business owners, corporate professionals, and entrepreneurs nationwide from their offices in Wheaton and Beverly Hills. We are The Entrepreneur’s Accelerator, and we can handle any executive planning need to ensure that your business and financial portfolio is prepared and effectively managed according to your unique needs, objectives, and business goals.
As experienced attorneys with a background in financial consulting, we are uniquely equipped to provide effective guidance for executive planning that can minimize legal conflicts, minimize tax liability, and maximize the potential for business growth even when you are no longer around to control your business or corporation.

Comprehensive Planning for Any Business or Portfolio

If you are in need of business estate planning or probate services for your business or corporation, your choice in legal representation can have a significant impact on the final outcome of the process. Our executive planning lawyers can assess any financial portfolio, including high-value assets or microcap stocks.

Our firm can provide legal assistance and financial counsel for many business or corporate executive estate planning matters, including the following:

  • Asset transfer and protection
  • Key man and key woman insurance
  • Minimizing tax liability for gift or estate taxes
  • Shareholder battles or partnership disputes
  • Tax planning
  • Trust, probate, and estate administration
  • Wills and trusts
  • Business succession planning

Executive planning requires the immediate attention of an attorney who not only has a deep understanding of the complex probate process in the state of Illinois but is also well versed in how business law applies to estate planning.

Rule 144 Matters

Rule 144 matters are among the issues that executives or directors (also called affiliates) in public companies sometimes find themselves dealing with. Corporate executives and directors tend to have restricted stock or control stock, which allows them to maintain significant ownership and controlling influence in their companies. Restricted securities and control securities can only be sold in the public marketplace when certain criteria under Rule 144 (a Securities and Exchange Commission rule) are met. Compliance with this rule allows for the shares to be sold without being registered with the SEC, which would normally be required. Here are the five conditions that must be met under Rule 144:

  1. Completion of the prescribed holding period
  2. Sufficient public information on the issuing company
  3. Compliance with a trading volume formula, which determines what percentage or volume of the shares can be sold within a certain period of time (for affiliates)
  4. Use of an ordinary brokerage transaction for the sale (for affiliates)
  5. Submission of a Notice of Proposed Sale to the SEC and completion of the sale within three months of the notice; notice only required when sale meets certain criteria (for affiliates)

If you are an executive or director who is planning on selling restricted or control stock under Rule 144, you can turn to our legal team for legal support!

If you are in need of assistance with any aspect of your estate plan, do not hesitate to contact our firm. As your full-service law firm, we can provide comprehensive legal services to remedy any legal dilemma.

Contact Us Today for Your Consultation

We are able to assist with many other types of asset protection, corporate and securities law issues. While our firm’s offices are located in Wheaton, Illinois and Beverly Hills, California, we serve clients throughout the United States. Call 1.888.978.9901 now or contact us online!


Adam S. Tracy, J.D., M.B.A.

Attorney Adam Tracy has a strong background in all facets of commercial law and extensive experience in litigating complex commercial disputes, and is able and willing to help. He is also a well-versed legal scholar in the United States copyright law. A former competitive rugby player and serial entrepreneur, Adam Tracy has a wealth of experience on both sides of the table. He has advised many companies with regards to legal issues, law compliance and capital markets matters.

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