FRANK SALERNO, ESQ., CPA
Admitted in: Illinois & Massachusetts

Frank Salerno is the founder of Salerno Law Group, P.C., a full service firm concentrating on Estate Planning, Probate and Estate Administration, Elder Law, Business Formation, Corporate & Commercial Transactions, Income Tax Planning and Real Estate.

Frank was born and raised in the suburbs of Chicago and attended Fenwick High School, the University of Notre Dame (BBA, Accounting) and Boston College Law School. From 1990-1992, Frank was employed as an Accountant for the international accounting firm of Arthur Andersen where he was able to attain his Certified Public Accountant designation.

His initial concentration was in the preparation of estate plans, including the use of revocable trusts, irrevocable life insurance trusts, grantor retained annuity trust, family limited partnerships and charitable remainder unitrusts, all used as techniques to pass wealth, protect assets, maintain control over your assets and reduce the estate tax burden. He expanded his practice to include business planning through the use of cross purchase agreements, stock redemption agreements, majority shareholder split dollar life insurance agreements and Deferred Compensation agreements. He has further expanded his practice to include tax and financial planning for the elderly, which covers the ins and outs of obtaining governmental long term care assistance, Medicaid planning and preservation of assets through the use of fair hearings. In addition, he has worked with numerous families in settling estates through the probate court and preparing estate tax returns for filing with the Internal Revenue Service and the Department of Revenue. Finally, he regularly advises and represents clients in business matters, business formations, leases and mergers and acquisitions.

Frank has also given numerous seminars on such topics as ”Estate Planning Essentials”, “Fiduciary Income Tax Returns for Estates and Trusts”, “2001 Proposed Regulations for Qualified Plans and IRAs and What They Mean To You”, “Income Tax Refresher” and “Business and Succession Planning”. He also co-hosts in the spring and fall each year a lecture on “How To Complete Estate Tax Returns” for the Foundation for Continuing Education. In addition, he was a contributor to the Continuing Legal Education's recent publication, "How to Prepare Federal and State Estate Tax Returns".

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