The Firm’s trusts and estates department handles trust and estate administration, domestic and international tax and estate planning, and dispute resolution. The following are illustrative of this practice:
- Drafting of numerous inter vivos qualified personal residence trusts, “Crummey” trusts, generation-skipping transfer trusts, and other irrevocable (and revocable) trusts designed to reduce estate and generation-skipping transfer taxes, and preparation of new and updated wills for numerous clients.
- Administration of an estate in excess of US$100 million, including preparation of U.S. Federal estate tax return, valuation of closely held businesses, fiduciary income tax planning and ancillary probates in two jurisdictions.
- Representation of trusts owning minority share of US$500 million family business, including advice concerning institution of litigation and analysis of financial documents regarding oil and gas interests and agribusiness.
- Reorganization of offshore family financial interests aggregating in excess of US$1 billion, including use of trusts, corporations and holding companies in various jurisdictions.
- Representation of fiduciaries and beneficiaries in estates owning artwork of significant value, including evidentiary hearings and contested accountings.
- Representation of estate including substantial property in Europe, involving negotiation with tax authorities and analysis of U.S. tax implications of foreign tax settlement.
- Administration of estate of U.S. citizen domiciled abroad with property in five foreign countries.
- Administration of estates in the U.S. Virgin Islands, with tax planning relating to special tax status thereof.
- Administration of approximately 150 continuing trusts, including maintenance of fiduciary accounting records and preparation of fiduciary income tax returns.
Partners & Counsel
The following partners and counsel practice in this area:
