Overview

As a junior lawyer, Dave Hodgman knew he wanted his practice to involve complex issues of taxation. A trusts and estates practice offered this variety, but also required knowledge of many other legal areas including fiduciary law, real estate, corporate law and litigation.

When Dave started practice, most young lawyers had to try their hands at a wide range of disciplines, and doing so gave him a broad background in these and related areas. Over the years he has concentrated in the areas of estate planning, probate, trust litigation, private companies and charitable foundations.

Clients often call upon Dave in potential conflict situations due to his non-confrontational manner and ability to find creative solutions. His 40 years of experience afford a broad perspective which helps him identify compromise solutions, and his collegial approach minimizes the risk of litigation.

Dave works with many corporate fiduciaries with regard to risk management and complex trust administration. He has represented numerous corporate and individual fiduciaries with respect tax and non-tax matters including fiduciary liability litigation.

  • Credentials

    Education

    • Yale Law School, J.D., 1974
    • Grinnell College, B.A., 1969

    Bar Admissions

    • Illinois
    • U.S. Court of Appeals for the Seventh Circuit
    • U.S. District Court for the Northern District of Illinois
    • U.S. Tax Court

      Professional Memberships

      • American Bar Association
      • American College of Trust and Estate Counsel (ACTEC), Fellow
      • Chicago Bar Association, Probate Practice — Legislative Committee, Former Chair
      • Chicago Estate Planning Council
      • Estate Planning magazine, Member of the Editorial Board
      • Illinois State Bar Association
    • Insights

      TITLE
      News Release

      Schiff Attorneys Recognized in The Best Lawyers in America 2022

      Schiff Hardin LLP is pleased to announce that 51 attorneys have been listed in The Best Lawyers in America 2022.

      News Release

      Eighty-One Attorneys Named to 2021 Leading Lawyers

      Schiff Hardin LLP is pleased to have 81 attorneys named to the 2021 Leading Lawyers list.

      News Release

      Best Lawyers Recognizes 59 Schiff Attorneys, Six “Lawyers of the Year,” and 21 Ones to Watch

      Schiff Hardin LLP is pleased to announce that 59 attorneys have been listed in the 2021 edition of The Best Lawyers in America, with six attorneys also being named a “Lawyer of the Year” in their respective areas of practice and location.

      News Release

      Schiff Trusts and Estates Group and Attorneys Recognized in 2020 Chambers High Net Worth

      Schiff Hardin LLP is pleased to announce that the firm was ranked for its work in Private Wealth in Illinois and nationwide in the 2020 edition of Chambers High Net Worth, a legal industry ranking focused on the private wealth market.

      News Release

      Eighty-Eight Attorneys Named to 2020 Leading Lawyers

      Schiff Hardin LLP is pleased to announce that 88 attorneys have been named to the 2020 Leading Lawyers list.

      News Release

      Thirty-Two Attorneys Named to 2020 Super Lawyers and Rising Stars Lists

      We are pleased to announce that 32 Schiff Hardin attorneys have been recognized on the 2020 Illinois Super Lawyers and Rising Stars lists.

      News Release

      2020 Best Lawyers in America Lists Recognizes 63 Attorneys, Three “Lawyers of the Year”

      Schiff Hardin LLP is pleased to announce that 63 attorneys have been included in the 2020 edition of The Best Lawyers in America, with three attorneys also being named a “Lawyer of the Year” in their respective areas of practice.

      News Release

      Schiff Trusts and Estates Group and Attorneys Recognized in 2019 Chambers High Net Worth

      Schiff Hardin LLP is pleased to announce that the firm was ranked for its work in Private Wealth in Illinois and nationwide in the 2019 edition of Chambers High Net Worth, a legal industry ranking focused on the private wealth market.

      News Release

      2019 Leading Lawyers Lists Recognize 95 Schiff Attorneys

      Schiff Hardin LLP is pleased to have 95 attorneys named to the 2019 Leading Lawyers list.

      News Release

      Super Lawyers Names 39 Schiff Attorneys to 2019 Illinois Super Lawyers, Rising Stars Lists

      Two partners were recognized among “best of the best” on 2019 Illinois Top Lists

      Other Publications

      • “State Court Upholds Mandatory Arbitration of Trust Disputes,” Estate Planning (Jan. 2014)
      • “IDGT On Steroids – Current Conditions Strengthen Benefits,” Estate Planning (Jul. 2011)
      • “Designating the Application of Another State’s Laws in a Trust,” (co-author) The Practical Practitioner, Estate Planning, Vol. 38, No. 4 (Apr. 2011)
      • “Solutions for Cash Flow Problems of a GRAT,” Estate Planning (Nov. 2010)
      • “Non-Qualified Charitable Trusts,” (co-author) Trusts & Estates: Charitable Giving Supplement (Oct. 2010)
      • “Scratching Your Head Over 2010 Estate Plans?,” Trusts & Estates (Aug. 2010)
      • “Terminating a NIMCRUT: What Are the Tax Consequences and Other Issues?” Estate Planning (Oct. 2009)
      • “Using a Contract to Make A Will to Protect Children's Inheritance,” Estate Planning (Sep. 2009)
      • “Planning with Grantor Charitable Lead Annuity Trusts,” Estate Planning (Aug. 2006)
      • “The Kindest Cut of All — Proposed Regulations For Making Qualified GST Severances,” Estate Planning (Mar. 2005)
      • “Practical Solutions for PHCs and C Corporation Investment Companies,” Estate Planning (Sep. 2004)
      • “Judicial Reformation of Trusts: The Last Chance to Change a Trust,” Trusts & Investments (Nov./Dec. 2003)
      • “IRS Rulings Provide Guidance on Early Termination of CRUT's,” Estate Planning (Jan. 2003)
      • “Private Foundations: Maintaining Donor Control,” Estate Planning Studies, Harris Bank (Apr. 2002)
      • “Carryover Basis: Planning and Drafting Issue,” Estate Planning (Dec. 2001)
      • “Judicial Reformation of Trusts — The Drafting Tool of Last Resort,” Estate Planning (Jun. 2001)
      • “Can Incentive Trust Encourage Children to Behave Responsibly?” Estate Planning (Dec. 2000)
      • “New Proposed Regulations Explain Permitted Changes to GST Grandfathered Trusts,” Estate Planning (Mar./Apr. 2000)
      • “Final Regulations Offer Guidance and Opportunities for CRTs,” Estate Planning (May 1999)
      • “Designing Private Foundations — Avoid the Cookie-Cutter Approach” Estate Planning (Dec. 1998)
      • “Drafting for the Marital Deduction in Light of the New Family-Owned Business Exclusion,” Estate Planning (Jun. 1998)
      • “Drafting Flexible Irrevocable Trusts,” Estate Planning (Jun. 1996)
      • “The ‘Double-Skip’ Trust — A Valuable GST Tax Planning Tool,” Estate Planning (Sep./Oct. 1995)
      • “Qualified Personal Residence Trusts Yield Tax Savings,” Estate Planning (Jul./Aug. 1995)
      • “Analyzing GRATS: Does the Emperor Have Any Clothes?” Trusts and Estates (May 1995)
      • “Grantor Retained Annuity Trusts and S Corporation Stock,” Trusts and Estates (Dec. 1993)
      • “Fiduciary Problems with Insurance Trusts,” ACTEC Notes (Winter 1992)

      Speeches & Presentations

      He is a frequent speaker and member of the planning committees for numerous seminars conducted by groups, such as the Illinois Institute for Continuing Legal Education (IICLE), the Chicago Bar Association, and the American College of Trust and Estate Counsel in the areas of probate and estate planning.

    • Citizenship

      Civic and Charitable Memberships

      • Evanston Parks Foundation, President
      • Evanston Recreation Board, Former President
    • Awards & Honors

      • The Best Lawyers in America, Best Lawyers (2007-2010, 2012-2022)
      • Chambers High Net Worth – Private Wealth Law, Illinois (2016, 2018-2020); Private Wealth Law: Central Region, USA (2016, 2018)
      • Illinois Leading Lawyer, Law Bulletin’s Illinois Leading Lawyers Network (2007-2021)
      • Illinois Super Lawyers, Thomson Reuters (2006-2009, 2011-2020)
      • Chambers USA – Wealth Management: Central Region, Nationwide (2010-2016); Wealth Management, Illinois (2010-2012)
      • Lawyer of the Year – Chicago Litigation – Trusts & Estates, Best Lawyers in America (2016)
      • Top 10 Trust, Will & Estate Lawyers, Law Bulletin’s Illinois Leading Lawyer’s Network (2013)
      • Top 100 Consumer Lawyers, Law Bulletin’s Illinois Leading Lawyer’s Network (2013)
      • Schiff Hardin Partner David R. Hodgman Honored in Worth Magazine’s ‘Top 100 Attorneys’ Issue
      • Worth Magazine’s Top 100 Attorneys List Honors Schiff Hardin LLP Partner David R. Hodgman
      • Leading Lawyer, Law Bulletin’s Illinois Leading Lawyers Network (2006)
      • Fellow, American College of Trust and Estate Counsel, ACTEC (1989)
      • Peer Reviewed AV® Preeminent™, Martindale-Hubbell (Since 1989)