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Tax and Estate Planning

Tax

Our Tax Department blends expertise in both estate planning and transactional tax planning. Our broad based expertise enables us to advise our clients in a wide range of tax and related business matters.

Estate Planning and Wealth Transfer Planning
As part of our representation to individuals and business owners, we provide comprehensive estate planning, wealth transfer planning and administration. We offer estate planning services that focus on the use of revocable living trusts as the primary tool to provide for the orderly and tax-efficient transfer of assets to designated beneficiaries. We pride ourselves on drafting plans that accomplish our clients’ goals while minimizing or eliminating potential conflicts or disputes. We offer sophisticated estate tax services utilizing a variety of techniques and strategies designed to reduce the cost of transferring assets to designated beneficiaries and, in some cases, achieving charitable goals. These include:

  • Family Limited Partnerships (FLPs) and Limited Liability Companies (LLCs) 
  • Qualified Personal Residence Trusts (QPRTs) 
  • Sales to Grantor Trusts 
  • Insurance Trusts (ILITs) 
  • Grantor Retained Annuity Trusts (GRATs)

Deals
Tax consequences are often an extremely important component of many deals. We frequently play the lead role in negotiating and drafting transactional documents, partnership agreements, LLC operating agreements, shareholder agreements and buy-sell agreements. We also advise on the tax consequences of mergers, acquisitions and dispositions.

Choice of Entity
The choice of the appropriate entity for conducting a business is often made in light of the resulting tax consequences. We advise whether a business should operate as a partnership, limited liability company or corporation.

Real Estate
Ownership of real estate is a significant component of wealth for many of our clients. We advise on the tax aspects of structuring the acquisition, holding and disposing of real property, including property tax reassessment, 1031 exchanges and special allocations and carried interests.

State and Local Tax
We assist our clients with all state personal and corporate income tax issues, real property tax assessments, state sales and use taxes and employment taxes.

Tax Controversy
We appear before the Internal Revenue Service and the Franchise Tax Board in connection with audits of federal and state income taxes.