Wealth planning for
Inverness families.

Yes. Inverness is one of roughly thirty Cook County and Lake County communities we serve from its Evanston office at 909 Davis Street. The firm has been planning retirements for Cook County families since 1977, and meets Inverness clients in the Evanston office, at their home, or by video call.

Inverness attracts business owners and senior executives who value large lots, privacy, and proximity to Barrington's equestrian community without the Cook County property tax burden of the lakefront North Shore. The retirement planning conversation in Inverness typically involves complex compensation histories, business equity, executive retirement plans, stock-based compensation, and the transition to investment-based income that follows a business sale or retirement from a senior corporate role. we coordinate Social Security claiming, retirement account withdrawals, annuity and life insurance placements, long-term care funding, and estate decisions into one written plan tailored to the Inverness cost of living.

Inverness clients are typically business owners or senior executives with above-average wealth and complex financial situations, including business interests, executive compensation plans, and significant real estate holdings. Our work here often centers on business exit planning, deferred compensation strategy, and estate planning with both Cook County and multi-generational considerations. Inverness's median home value of $680,000 and median household income of $165,000 mean planning here's shaped by local cost-of-living realities, not a national average. Roughly 32% of Inverness residents are over 55, and many have spent decades building equity that now needs to be coordinated with retirement income, healthcare, and estate decisions.

Cook County's property tax rates, averaging 1.8-2.3% of assessed value, among the highest in the nation, are the single largest variable in most North Shore retirement budgets. A home assessed at $900,000 in Northbrook, Glenview, or Wilmette can carry an annual tax obligation of $16,000-$22,000 that persists through retirement unless the home is sold or downsized. Illinois partially offsets this with one of the most retirement-friendly income tax structures in the country: Social Security, IRA distributions, and pension income are entirely exempt from state income tax, leaving the property tax burden as the primary financial challenge to plan around. For Inverness retirees specifically, this means treating property taxes as a non-negotiable fixed expense and building a guaranteed income floor, typically from Social Security and, where appropriate, an annuity, that covers them regardless of market conditions.

Tax strategy for Inverness clients is centered on the two defining tax challenges: managing the income tax burden on large portfolios and deferred compensation payouts, and minimizing the Illinois estate tax on estates that frequently exceed the $4 million threshold. We implement coordinated multi-year strategies that address both concerns while maintaining the lifestyle flexibility that characterizes an Inverness retirement.