Business Details
Comprehensive Estate & Business Planning Services
At Mosteller & Holmberg, we specialize in providing comprehensive legal solutions tailored to the unique needs of our clients throughout the Chicagoland area. Our practice areas include Estate Planning, Business Planning, Asset Protection, Elder Law, and Real Estate, with a focus on delivering highly customized strategies that minimize taxes, reduce administrative costs, and protect families. We prioritize a collaborative approach, working alongside Certified Financial Planners, CPAs, and other professionals to ensure our clients receive sophisticated, holistic planning. With decades of combined experience, our attorneys are committed to building lasting relationships and guiding clients through critical life transitions. Our process begins with a complimentary initial consultation, followed by personalized design meetings where we develop tailored legal strategies aligned with each client's goals.We emphasize ongoing client care through our Client Care Program, which includes secure document storage, plan maintenance, and updates on legal changes affecting estate planning. Our team's expertise extends to business succession planning, helping owners transition their enterprises smoothly while minimizing tax liabilities. In real estate, we provide dedicated legal support for residential transactions, ensuring clients navigate complex processes with confidence. We measure success by our ability to exceed client expectations through transparent communication, ethical practices, and a deep understanding of the legal challenges our clients face.
Services
Estate Planning
Business Succession
Asset Protection
Elder Law
Real Estate Law
Highlights and features
- We offer customized estate plans tailored to individual family dynamics and financial situations
- Our attorneys hold advanced financial planning designations including ChFC and AIF
- We maintain a Client Care Program for ongoing plan maintenance and document security
- Our team approach integrates legal and financial professionals for comprehensive solutions
- We provide specialized business succession planning to minimize tax liabilities during transitions
Services
Estate Planning
Our estate planning services create customized legal frameworks to protect assets and ensure client wishes are honored. We develop comprehensive strategies that minimize tax liabilities, avoid probate, and provide for family members. Our process includes wills, living trusts, and advanced directives tailored to individual circumstances.
Business Succession
We help business owners transition their enterprises through strategic planning that maximizes value and minimizes tax exposure. Our services include developing transfer strategies to family members, employees, or external buyers while ensuring continued business operations and financial security for owners.
Asset Protection
Our asset protection strategies safeguard clients' wealth through irrevocable trusts and legal structures that shield assets from creditors while maintaining beneficiary access. We design customized solutions that balance protection needs with financial flexibility for individuals and families.
Elder Law
We provide specialized legal guidance for aging clients including long-term care planning, Medicaid qualification, and special needs trusts. Our elder law services coordinate healthcare directives with financial strategies to address senior care challenges and protect government benefits.
Real Estate Law
Our real estate legal services cover residential transactions, title disputes, and property agreements. We assist clients with purchase/sale contracts, deed transfers, and litigation while ensuring compliance with local regulations and protecting clients' property interests.
People
James A. Mosteller
Founding Partner
James Mosteller combines legal expertise with financial planning credentials as a ChFC and AIF designee. He focuses on estate planning, tax, and trust administration while maintaining insurance and investment advisory licenses. Author of 'If You Can't Beat 'em, Join 'em', he brings multidisciplinary perspective to client solutions.
Richard K. Holmberg
Partner
Richard Holmberg specializes in estate planning and asset management with recognition as a Five-Star Wealth Manager. He integrates legal and financial planning as both an attorney and investment adviser representative, providing comprehensive solutions for clients' long-term security needs.
Questions
What estate planning documents do I really need?
Every adult should have a will, healthcare power of attorney, and financial power of attorney. Depending on your situation, we may recommend living trusts, advanced directives, or specialized tax planning documents.
How does business succession planning work?
We analyze your business structure, ownership goals, and tax situation to create a transition plan. This may include buy-sell agreements, valuation strategies, and tax-efficient transfer mechanisms to family members or key employees.
Can I protect assets from nursing home costs?
Yes, through proper Medicaid planning that follows strict regulations. We help clients implement strategies that preserve assets while qualifying for necessary long-term care benefits without violating look-back periods.
Do I need a lawyer for real estate transactions?
While not legally required, an experienced real estate attorney protects your interests by reviewing contracts, resolving title issues, and ensuring proper documentation to prevent costly mistakes during property transfers.
How often should I update my estate plan?
We recommend reviewing your plan every 3-5 years or after major life events like marriage, divorce, births, or significant financial changes. Our Client Care Program helps track necessary updates.
What happens if I die without an estate plan?
Your assets will be distributed according to state intestacy laws, which may not align with your wishes. This can lead to family disputes, unnecessary taxes, and delays in transferring property to your loved ones.
