Chad W. Makuch

Associate

Cleveland
T +1.216.861.7535
F +1.216.696.0740

Overview

Chad Makuch is an estate planning and tax lawyer who focuses on counseling wealthy families, institutional trustees, other fiduciaries and tax-exempt organizations. Driven to efficiently achieve his clients' goals, he helps families transfer assets and business interests to children, grandchildren and charities while minimizing or eliminating transfer taxes; counsels fiduciaries in connection with their responsibilities under complex trusts and applicable laws; and guides public charities and private foundations through the tax laws and regulations that govern them.

Select Experience

Individuals and Families 
  • Represents high-net-worth individuals and families in estate planning matters and advises them with their testamentary planning (wills and revocable trusts), lifetime planning and gifting, business succession planning, and charitable giving. 
Trusts and Estates 
  • Represents trustees and executors, whether individuals or institutions, in the administration of large trusts and estates. 
Public Charities, Private Foundations and Other Exempt Organizations 
  • Represents public charities, private family foundations, hospitals, health plans and healthcare organizations with respect to their tax exemptions. Brings his experience with tax-exempt organization matters to his work with clients, and uses it to help them with applications for tax-exempt status recognition, unrelated business income taxes, restricted gift issues, charitable giving requirements, fundraising and more general counseling of exempt organizations in their day-to-day operations.
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Experience

Individuals and Families 
  • Represents high-net-worth individuals and families in estate planning matters and advises them with their testamentary planning (wills and revocable trusts), lifetime planning and gifting, business succession planning, and charitable giving. 
  • Meets clients' objectives by employing vehicles such as installment sales, dynasty trusts, insurance trusts, grantor trusts, grantor retained annuity trusts, family limited partnerships and limited liability companies. 
  • Transfers assets while minimizing or eliminating costly gift, estate and generation-skipping transfer taxes. In several such matters, designed estate plans that preserved hundreds of thousands and, in some cases, millions of dollars for the benefit of his clients' families and charities (which otherwise would have been paid in transfer taxes).
  • Designs estate plans to protect his clients' assets from future creditors' claims and to maintain his clients' privacy where the law might otherwise make his clients' concerns a matter of public record.
Trusts and Estates 
  • Represents trustees and executors, whether individuals or institutions, in the administration of large trusts and estates. 
  • Guides clients through the formal and often complex process of preparing estate tax returns, inventories, accountings, fiduciary tax reports and more. 
  • Regularly fields questions regarding fiduciary duties and responsibilities under multimillion- and multibillion-dollar trusts and the proper investment of those assets. 
  • Provides litigation and pre-litigation support to BakerHostetler’s probate and fiduciary litigation practice. By gaining and formalizing consensus under private settlement agreements or declaratory judgment actions, helps clients avoid litigation or, where litigation becomes unavoidable, provides support to litigators.
Public Charities, Private Foundations and Other Exempt Organizations 
  • Represents public charities, private family foundations, hospitals, health plans and healthcare organizations with respect to their tax exemptions. Brings his experience with tax-exempt organization matters to his work with clients, and uses it to help them with applications for tax-exempt status recognition, unrelated business income taxes, restricted gift issues, charitable giving requirements, fundraising and more general counseling of exempt organizations in their day-to-day operations.

Recognitions and Memberships

Memberships

  • American Bar Association 
  • Ohio State Bar Association 
  • Cleveland Metropolitan Bar Association 
  • Tax Club of Cleveland 
  • Estate Planning Counsel of Cleveland (2012 to present)
    • Programming Committee (2013 to 2014)
  • Cleveland's Annual Tax Institute: Executive Committee (2011, 2012)

Community

  • University Hospitals
    • Diamond Advisory Group (2012 to present)
    • Ride the Rainbow Gala: Planning Committee (2014)
  • A Kid Again: Volunteer member of a charity striving to foster hope, happiness and healing for families raising kids with life-threatening illnesses (2013 to present)
  • Princeton Association of Northern Ohio (2009 to present)
  • St. Joseph Church of Strongsville, Ohio (2009 to present)

Prior Positions

  • City of Cleveland’s Law Department: Special Assistant to the Director 
  • Franklin County Court of Common Pleas: Extern for Judge Guy L. Reece II

Admissions

  • Ohio

Education

  • J.D., The Ohio State University Michael E. Moritz College of Law, 2009, cum laude; Moritz scholarship recipient; Articles Editor, Ohio State Law Journal
  • A.B., Princeton University Woodrow Wilson School of Public and International Affairs, 2006

Blog

In The Blogs

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WealthDirector
Tax Season Is in Full Swing: Beware of the W-2 Spear Phishing Scam
January 27, 2017
By Patrick H. Haggerty Editor’s Note: This blog post is a joint submission with BakerHostetler’s Data Privacy Monitor blog. Last year we saw an unprecedented number of companies of all sizes fall victim to a W-2 spear phishing scam. The...
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WealthDirector
Same-Sex Spouses Authorized to Recalculate Transfer Tax Treatment of Prior Gifts and Bequests
January 20, 2017
The IRS recently issued Notice 2017-15 to provide same-sex spouses relief to recalculate the federal estate, gift and generation-skipping transfer (GST) tax treatment of gifts and bequests made before the Defense of Marriage Act (DOMA) was...
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WealthDirector
The Impending Death of the Stretch IRA?
November 10, 2016
It can, at times, seem like a fool’s errand to focus too closely on specific provisions contained in proposed legislation. As any casual observer of Congress can attest, committee proposals frequently die unenacted or undergo significant...
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WealthDirector
IRS Revenue Procedure Confirms IRS Will Respect QTIP Elections When Portability Elections Also Made
By Amanda K. Baker
October 24, 2016
The IRS resolved an important issue when it issued Revenue Procedure 2016-49, effective September 27, 2016, clarifying that the IRS would not disregard qualified terminable interest property (QTIP) elections for estates that also made a...
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WealthDirector
IRS Regulations Clarify Definition of Spouse for Federal Tax Purposes in Light of Obergefell v. Hodges
By Amanda K. Baker
October 18, 2016
The IRS has issued final regulations clarifying the definitions of “spouse,” “husband,” “wife,” and “husband and wife” for federal tax purposes. The final regulations now define “spouse,” “husband” and “wife” as any individual lawfully...
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