FRANK SALERNO, ESQ., CPA
Admitted in: Illinois & Massachusetts
Frank Salerno is the founder of Salerno
Law Group, P.C., a full service firm concentrating on
Estate Planning, Probate and Estate Administration, Elder Law, Business
Formation, Corporate & Commercial Transactions, Income Tax Planning
and Real Estate.
Frank was born and raised in the suburbs of Chicago and attended
Fenwick High School, the University of Notre Dame (BBA, Accounting)
and Boston College Law School. From 1990-1992, Frank was employed
as an Accountant for the international accounting firm of Arthur Andersen
where he was able to attain his Certified Public Accountant designation.
His initial concentration was in the preparation of estate plans,
including the use of revocable trusts, irrevocable life insurance
trusts, grantor retained annuity trust, family limited partnerships
and charitable remainder unitrusts, all used as techniques to pass
wealth, protect assets, maintain control over your assets and reduce
the estate tax burden. He expanded his practice to include business
planning through the use of cross purchase agreements, stock redemption
agreements, majority shareholder split dollar life insurance agreements
and Deferred Compensation agreements. He has further expanded his
practice to include tax and financial planning for the elderly,
which covers the ins and outs of obtaining governmental long term
care assistance, Medicaid planning and preservation of assets through
the use of fair hearings. In addition, he has worked with numerous
families in settling estates through the probate court and preparing
estate tax returns for filing with the Internal Revenue Service
and the Department of Revenue. Finally, he regularly advises and
represents clients in business matters, business formations, leases
and mergers and acquisitions.
Frank has also given numerous seminars on such topics as ”Estate
Planning Essentials”, “Fiduciary Income Tax Returns
for Estates and Trusts”, “2001 Proposed Regulations
for Qualified Plans and IRAs and What They Mean To You”, “Income
Tax Refresher” and “Business and Succession Planning”.
He also co-hosts in the spring and fall each year a lecture on “How
To Complete Estate Tax Returns” for the Foundation for
Continuing Education. In addition, he was a contributor to
the Continuing Legal Education's recent publication, "How
to Prepare Federal and State Estate Tax Returns". |