A Partner with Horwood Marcus & Berk Chartered, Richard Horwood devotes his practice to business, financial and tax matters, including business law, art law, income/gift/estate taxation, as well as charitable, succession, and collection planning. His extensive experience allows him to develop the resources that make him an acknowledged authority in these areas. He advises business owners, non-profit organizations, donors and collectors on a variety of complex planning issues.
He advises collectors and their other advisors regarding key issues such as authentication, provenance, collection management, tax matters, disposition, charitable, museum and family gifting. As collector's counsel, he assists in enhancing the value of the collection by positioning exhibitions and cataloging as well as working with dealers, auction houses, family foundations, and museums. He has significant experience negotiating art loan agreements, gift acceptance agreements, dealer and auction agreements, and tax-efficient planning strategies during lifetime and at death.
Richard represents a wide range of clients throughout the country, including corporations and other business enterprises of all sizes, family groups and individuals. He has achieved recognition as a speaker, editor and author. He has been a frequent speaker at national conferences and seminars. In addition, he is the author of numerous articles concerning various aspects of business law.
He was chosen as one of the Nation's Top 100 Attorneys by Worth magazine and was recognized in the Trusts and Estates section of the 2017 editions of The Best Lawyers in America and Chicago's Best Lawyers.
Recently, he received the Austin Fleming Distinguished Service Award from the Chicago Estate Planning Council (CEPC) for his significant contribution to the improvement of estate planning practices.
LL.M., Taxation, George Washington University
M.B.A., American University
LL.B., University of Pennsylvania
B.A., Colgate University
Bloomberg Tax Management Portfolios
Private Foundations — Excess Business Holdings (Portfolio 473)
Private Foundations - Excess Business Holdings explains the application and operation of §4943 of the Internal Revenue Code, which imposes an excise tax on the excess business holdings of private foundations and certain supporting organizations.
Managing Litigation Risks of Fiduciaries (Portfolio 857)
This Portfolio discusses the risky business of serving as trustee and addresses common pitfall areas for fiduciaries and highlights their actions that may result in litigation.
Estate Planning for the Unmarried Adult (Portfolio 813)
This Portfolio analyzes tax and non-tax issues that face American adults who are either divorced, widowed, or by legal proscription, are not involved in a marital relationship.