Wealth Transfer & Business Succession Planning

Wealth Transfer

The transfer of wealth is an important component of every estate plan. Clark Hill has a unique team of estate planners, tax planners and litigators that can guide you through the division of your assets in the way you envisioned. Our attorneys provide the knowledge to advise on the protection and management of your assets and are equipped to resolve any disputes that may arise.

Areas of focus:

  • Trust & Estate Administration
  • Tax Planning
  • Guardianship & Conservatorship Administration
  • Probate
  • Wills
  • Charitable Planning
  • Litigation

Business Succession Planning

We provide sophisticated tax and succession planning. Our strategies include planning for closely-held businesses, estate and gift tax valuation discounts, use of family limited partnerships, family limited liability companies, and irrevocable life insurance trusts; charitable giving strategies such as foundations, charitable remainder unitrusts, charitable remainder annuity trusts, charitable lead annuity trusts, charitable lead unitrusts; use of qualified personal residence trusts, creditor protection devices, grantor retained annuity trusts and sales to intentionally defective grantor trusts among others. These techniques can provide tax savings and a stream of income, among other benefits. You may know about some of these ideas by their acronyms: FLP, LLC, LP, ILIT, CRAT, CLAT, GRAT, GRUT, QPRT, IDIT.