Our Wealth Preservation Planning lawyers focus on the preservation of private wealth for individuals and their related entities, both in and outside of the United States. We advise on preservation techniques that result in a lower incidence of US income and estate taxation and protect private wealth from third party claimants. For US clients, such techniques include the use of family limited partnerships, limited liability companies, hybrid tax entities, premarital and postmarital agreements, domestic asset protection trusts, spousal lifetime access trusts, grantor retained annuity trusts, charitable lead trusts, charitable remainder trusts, intentionally defective grantor trusts, perpetual trusts, charitable foundations, private annuities, irrevocable insurance trusts, and numerous other devices which are tailored to meet the specific goals and objectives of a client’s planning situation. For non US clients or multinational clients with family in the US, such techniques involve non US trusts, non US foundations and non US corporations, generally organized in a low or no tax jurisdiction.
Wealth Preservation Planning combines both testamentary and lifetime planning on a multi-generational basis, and for most clients involves a continual interactive relationship between our lawyers and the client and among other planning professionals such as accountants, insurance agents, corporate trustees, and financial planners.