The Firm's Gift and Estate Tax planning practice for high net worth individuals and families covers all areas of planning for the preservation and disposition of family wealth. With a sound approach which utilizes legal, income tax and estate planning techniques, the Firm serves a national clientele and has earned a reputation for developing and implementing creative, yet understandable, planning strategies. Working alongside the client's other planning professionals, the Firm enjoys an active practice with client engagements around the country.
One of the more challenging aspects of designing family wealth preservation plans often entails the implementation of a strategic estate liquidity plan for the client and the surviving family members. The Firm's reputation in this complex area is widely recognized for delivering unique solutions in such funding engagements. For families choosing to evaluate life insurance funding as a component of their planning, the Firm has developed a comprehensive due diligence process that is most useful to the family and its other advisors. The Firm's streamlined approach to this topic is designed to enable the planning team to make intelligent decisions in this often confusing area.
Since many of the Firm's clients own substantial closely held companies, business succession planning is often an integral component of the family's planning. The Firm has significant experience in dealing with all aspects of this sensitive issue. Whether the transition involves multiple generations of family members, other key management personnel and employees, or a third party disposition, the Firm can utilize its considerable expertise to provide a solution that is properly integrated with the family's overall planning.
For many families with significant holdings, philanthropic and charitable planning play a key role. Here, again, the Firm has a long history of counseling clients on the merits of a wide variety of planning vehicles, such as private family foundations, public charitable organizations, community foundations, charitable supporting organizations, charitable remainder and lead trusts, and other planned giving strategies.