Wealth Transfer Planning For High Net Worth Families

High net worth families generally require a sophisticated and comprehensive approach in transferring wealth to succeeding generations in order to maintain a positive family dynamic in a tax effective manner.

We use planning devices including irrevocable life insurance trusts, family limited partnerships, qualified personal residence trusts, generation skipping trusts, dynasty trusts, grantor retained annuity trusts, installment sales to grantor trusts and split interest charitable gifts. These techniques allow for a tax efficient transfer of assets to beneficiaries in accordance with the clients’ wishes. Limited Partnerships, Limited Liability Companies and other corporate entities are also especially helpful in managing family compounds.

An important component of such planning is our ability to understand the unique characteristics of our clients and their extended families. This allows us to design, implement and maintain a comprehensive plan to achieve our clients’ goals.