Wealth Transfer Planning (Domestic)

Butler Snow’s Wealth Transfer Planning attorneys develop and implement well-designed, sophisticated plans to achieve an orderly transfer of our clients’ wealth, taking into consideration their personal philosophy, family goals, businesses and philanthropies. The final plan focuses on asset protection for future generations while minimizing transfer taxes.  The process covers more than the traditional preparation of last wills and testaments, and often involves innovative techniques to resolve problems.

Our team advises high-net-worth individuals, privately owned businesses and financial services firms, including family offices and private trust companies. Our attorneys provide advice in a broad range of areas, including asset protection, business succession planning, gifting, tax planning, charitable planning, family offices, long-term care planning, and family legacy planning.

Over time, as situations change, clients may wish to adjust their goals and plans. We counsel our clients in meeting these challenges as they arise, or in anticipating such changes. Representative wealth transfer planning services include:

Lifetime Planning

  • Durable powers of attorney for medical and financial decision-making authority
  • Special needs trust for disability purposes
  • Shareholder agreements
  • Limited partnerships
  • Limited liability companies
  • Asset protection
  • Planning for charitable gifts
  • Private foundations (formation and operations)
  • Lifetime gifts and generation-skipping transfers
  • Life insurance trust
  • Minors trust
  • Tax advantaged trust
  • Pre-nuptial and post-nuptial agreements
  • Planning for education obligations

Succession Planning

  • Basic planning documents (trust and wills)
  • Planning with retirement assets (trust)
  • Charitable gifts
  • Incentive trust
  • Use of items listed under lifetime planning
  • Disclaimers
  • Business succession issues
  • Gift techniques

Estate and Trust Administration

  • Advising fiduciaries on tax elections
  • Working with appraisers
  • Assisting in the preparation of the estate tax return
  • Post-mortem income and estate tax planning
  • IRS Estate tax examinations
  • Sale of items, if necessary
  • Marital deduction analysis
  • Estate controversies among beneficiaries
  • Probate proceedings
  • Coordinate ancillary administration

With families and businesses becoming more geographically diverse, expanding into multiple jurisdictions, our team has the knowledge and expertise to provide advice for planning beyond a client’s home state borders. Our international tax practice delivers sound tax and estate planning advice for clients who reside outside of the United States but who have U.S. immigration status, U.S. family members or U.S. investments. We work closely with local counsel in our clients’ home countries to provide solutions that meet our clients’ wealth transfer goals while minimizing their global tax exposure.

For clients who reside outside the United States but have U.S. business interests, the firm’s International Wealth Transfer Planning team works closely with local counsel in clients’ home countries to meet their economic goals.