| Practice Description: |
The Peithmann Law Office was founded in 1948 by Ortheldo A. Peithmann and his CPA wife, Winona C. Peithmann, as a general practice law firm with a tilt toward municipal law, farm estate planning, and tax matters. Bill Peithmann joined the firm in 1985 after a stint as international corporate counsel in California. In May 2012, the firm relocated 15 miles east to Mahomet, Illinois, where Bill and his wife Lisa have lived since 2006.
Durable. Capable. Reliable.
Over time the firm has narrowed its practice to providing customized tax, wealth management and related services to select clients throughout Illinois and Colorado. The Peithmann Law Office is dedicated to providing only the highest quality legal services, equivalent or superior to that provided by larger firms in more urban venues, and proudly stands behind its work. As a result, The Peithmann Law Office is regularly cited by its peers as among the very best in Illinois. Referrals and requests for co-counsel are gladly accepted where appropriate and time constraints allow.
The Peithmann Law Office limits its practice to select matters involving wealth management and preservation; asset protection; basic, intermediate and advanced estate planning; trust and estate administration; fiduciary support; charitable organizations; contested estates; elder law; closely held businesses (especially, family farm operations); business succession planning; commercial and farm real estate; and gift, estate and income taxation of all types.
This limited practice may include any one or combination of the following planning, support or legal services:
The Peithmann Law Office is very selective in the new clients and referrals it accepts.
- Closely and privately held businesses – especially, family farm operations
- Creative ownership methods and organizations
- Customized estate and business succession planning, including appropriate asset protection and tax avoidance techniques, valuation discount strategies, and tailored multi-generation transfer and administrative provisions
- Wills, and trusts of almost every kind
- Powers of appointment
- Special needs, "elder law," guardianships and Medicaid planning
- Probate and post-mortem estate planning
- Trust and estate administration
- Contested estates
- Fiduciary accounting, tax and administrative support for non-professional family trustees
- Residential, commercial and farm real estate matters of all types
- Gift, estate, generation-skipping and income tax planning, compliance and audits
- Qualified expert case analysis on applicable law, methods and practice
- Retained to assist local counsel in all four Illinois downstate appellate districts
Farms and Farming
Bill Peithmann is a member of the DeWitt County and Piatt County Farm Bureaus and is a Commissioner of the Clintonia Union drainage district. He actively manages several small Central Illinois farm operations and also acts as trustee or trustee's agent on behalf of several charitable and non-charitable beneficiaries.
More than half of the firm's clients are engaged, directly or indirectly, in farming.
Notable Cases and Results:
No published decisions. Discretion is a hallmark.
United States Supreme Court, 1995
Varies by subject matter; flat fees are encouraged.
Generally not required.
Year of Birth: 1954
University of Illinois and University of Denver Sturm College of Law, J.D., 1978
DePauw University, 1971-1972
Loretto Heights College (now Regis University), 1972-1975, B.A., History and International Relations
Undergraduate School Honors/Involvement: At DePauw University: Varsity football, Delta Kappa Epsilon fraternity
Discrete high-net-worth individuals
Successful small businesses, especially closely owned farm operations
Newly appointed or nonprofessional family executors, trustees, and agents
Getty Oil Co.
Attorney, International Exploration & Production Division, Los Angeles, CA, 1980-1983
International Legal Counsel, Hayward, CA, 1983-1985
The Peithmann Law Office
Partner, Farmer City and Mahomet, IL, 1985-present
Bar/Professional Association Involvement:
American Bar Association
Real Property, Probate & Trust Law Section
B-1 Generation Skipping Transfers Committee, vice-chair, 1994-1998
Illinois State Bar Association
Board of Governors 1995-2001; Board of Governors Award, 1998
Countless committees and sections, including most notably:
Trusts & Estates Section Council (1988-2001; chair, 1994-95)
Special Committee on Living Trusts (1993-94)
Task Force on the Protection of the Public from Unauthorized Practice of Law (chair, 1995-97)
DeWitt County (Illinois) Bar Association (president, 1986 - 1992)
Colorado Bar Association
Trust and Estate Section
Illinois Bar Foundation
Director, 1997-1998; 2000-2003; 2015-present
Awards; Honors; Distinctions:
U.S. News & World Report, America's Best Law Firms, Tier 1 Ranking in Trusts and Estates Law, 2011-present
Top Ten "Trust, Will and Estate Planning" lawyers in Illinois, Leading Lawyers Magazine — Consumer Edition, 2013-present
Top Ten "Agriculture" lawyers in Illinois, Leading Lawyers Magazine — Real Estate Edition, 2013-2015
Top Ten Downstate "Real Estate-Related" Lawyers in Illinois, Leading Lawyers Magazine — Real Estate Edition, 2015
Best Lawyers in America, Lawyer of the Year Trusts and Estates Law, Springfield/Downstate Illinois Metropolitan Area, 2013
Best Lawyers in America, Lawyer of the Year Trusts and Estates Law, Springfield/Downstate Illinois Metropolitan Area, 2016
Who's Who in American Law, 2002-present
Martindale-Hubbell AV® Peer Review Rating, 1994-present
Best Lawyers in America, 1999-present, "Trust and Estate" matters; 2003-present, "Tax" matters
Illinois Super Lawyer, 2006-present
Advisory Board, Leading Lawyers, 2002-present
American College of Trust and Estate Counsel, 1994
Published Legal Writing:
Mr. Peithmann is a frequent contributor to legal publications and lecturer on various tax and estate planning matters for the American Bar Association, the Illinois Institute for Continuing Legal Education, the Illinois State Bar Association, the Colorado Bar Association, the University of Illinois College of Law, and other civic and law related groups. Subjects have included basic, intermediate and advanced estate planning, asset protection, qualified disclaimers, valuation discounts, powers of appointment, the practical use of revocable and irrevocable trusts, Sec. 2032A special use valuation, and the various features of the federal and Illinois gift, estate and generation skipping transfer tax schemes. Mr. Peithmann has also provided expert testimony before the Illinois Senate and General Assembly Judiciary Committees as well as in private litigation.