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Kenneth M. Bloom

icon-phone312.667.1355
icon-email kbloom@llflegal.com

Kenneth M. Bloom is a partner of Latimer LeVay Fyock LLC. Mr. Bloom, a CPA as well as an attorney, is rated among the top six percent of Illinois estate planning and elder law attorneys, as selected by his peers and the American Research Corporation, and has received the highest rating of distinction by the Martindale-Hubbell Legal Directory. Ken is listed in the Who’s Who in American Law as well as the National Register of Who’s Who in Executives and Professionals and since 2015 he has been recognized by his peers in the publication The Best Lawyers of America for his work in the practice areas of Elder Law and Trusts and Estates. In addition, Ken has been named to the exclusive roll of 2007-2017 Illinois Super Lawyers as well as Law and Leading Attorneys for several years. Ken lectures extensively to both attorneys and consumers and has been published in several journals including the American Bar Association and the Chicago Bar Association, as well as the Chicago Tribune. Ken has also served as a consultant to local newscasts. In addition, Ken is a regular attendee of the Stetson University Law School’s Annual Special Needs Trust Conference and is an active member of the Special Needs Alliance, an invitation-only national group of attorneys dedicated to meeting the estate and benefits planning needs of the disabled.  Ken was honored to be selected as a featured lecturer/panelist at the 2016 Illinois Institute of Continuing Legal Education inaugural Special Needs Institute, educating fellow attorneys regarding special needs planning.

Summary of Professional Experience and Representative Clients:

  • Practice areas include: estate planning and administration; wills; trusts; special needs planning; probate; asset protection; powers of attorney; and business succession planning.
  • Assists families with planning for disabled adults and children through creating special needs trusts, asset planning and coordination of private and public resources. Ken helps families to maximize resources and enhance quality of life for loved ones.
  • Collaborates with personal injury attorneys, structured settlement professionals, corporate trustees and financial advisors to help develop and implement a comprehensive approach to protecting damage recoveries and/or public benefits for plaintiffs with and without disabilities.
  • Counsels clients with guidance that will protect their assets during their lifetime and for their family after the client’s death.
  • Provides tax law services including estate, gift, trust and income tax planning. Ken works with clients to minimize taxes utilizing installment sales, private annuities, deferred payment arrangements, tax-deferred exchanges, qualified personal residence trusts and advanced charitable planning.
  • Additional practice areas include real estate, general corporate and business transactional matters. Provides services including: choosing the proper corporate entity; formation of the corporate entity; drafting and filing articles of incorporation; drafting partnership agreements, LLC operating agreements and corporate by-laws; buying and selling existing businesses; purchasing and leasing assets and real property in conjunction with your business; negotiating, drafting, and executing business contracts; and planning as it relates to tax issues.

Bar and Court Admissions

Illinois, 1988

Education

IIT Chicago Kent, College of Law, J.D., cum laude, 1988
University of Illinois, B.A., cum laude, 1985

Professional Affiliations

American Association of Attorney-Certified Public Accountants
American Institute of Certified Public Accountants
American Technion Society
Chicago Bar Association
Chicago Estate Planning Council
Illinois State Bar Association
Special Needs Alliance

 

 

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