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.
Education:
LL.M., Taxation, George Washington University
M.B.A., American University
LL.B., University of Pennsylvania
B.A., Colgate University
Bloomberg BNA Tax Management Portfolios:
473 T.M., Private Foundations - Excess Business Holdings (co-author)
813: Estate Planning for the Unmarried Adult (co-author)
857 T.M., Managing Litigation Risks of Fiduciaries (co-author)