About Tye J. Klooster
Tye Klooster counsels high-net-worth families and family offices on how best to preserve their legacies and transfer wealth to future generations. A fellow of the American College of Trusts and Estates Counsel, Tye serves clients who rely on him to design and implement sophisticated and personalized estate plans.
Estate planning and tax advice clients trust
Clients praise Tye for his “fantastic bedside manner” and as “one of the most creative and responsive attorneys” on the “cutting edge of high-level planning.” Chambers High Net Worth 2023 (Illinois, Private Wealth Law) survey responses.
Tye designs estate plans which allow high-net-worth individuals to leverage use of their gift, estate and generation-skipping transfer tax (GST) exemptions and to pass wealth to the next generation in a way that is both tax-efficient and creditor-protected. He implements sales to grantor trusts, grantor retained annuity trusts (GRATs), charitable lead and remainder trusts and business entities designed to achieve his clients' nontax and potentially tax objectives.
"Tye translates his exceptional technical ability and an ability to distil very complex estate and tax planning material into discernible advice. He has a stellar ability to help make impactful decisions. He is so passionate about what he does."
Chambers High Net Worth 2023
(Illinois, Private Wealth Law) survey response
Practice Focus
- Estate planning and wealth transfer
- Estate and generation-skipping tax exemptions
- Trust design and implementation
News
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August 15, 2024
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July 18, 2024
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January 25, 2024
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August 17, 2023
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July 20, 2023
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January 24, 2023
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August 18, 2022
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July 14, 2022
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January 28, 2022
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Publications
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November 20, 2023
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November 17, 2022
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November 22, 2021
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September 24, 2021
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January 15, 2021
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November 24, 2020
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March 23, 2020
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November 25, 2019
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December 4–7, 2018
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Presentations and Events
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April 16, 2024Panelist | Forming a Family Office
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November 13, 2023Speaker | Tax Residency Planning – Do's, Don'ts and Everything in Between
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October 11, 2023
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May 9, 2023Estate Planning and the Family Business | Lighthouse Peer Advisory Group, Loyola Family Business CenterPresenter
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March 23, 2023Panelist
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September 22, 2022
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December 7, 2021Presenter
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November 24, 2021Presenter | Estate Tax Returns
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June 22, 2021Panelist
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