Tax Planning

Irrevocable trusts and other structures are often added to an estate plan in order to achieve tax savings, enhanced asset protection and management, or the benefit of more favorable laws in various jurisdictions. On the tax planning front, Stradling attorneys counsel clients on the overall optimization between wealth transfer taxes, including estate, gift, and generation skipping transfer taxes, and income taxes. Although we certainly advise clients when there are clear benefits to be achieved through any of these strategies, we also advise on the risks and benefits when tradeoffs would need to be made, and sometimes advise on why clients may or may not wish to pursue a particular strategy.

Special planning opportunities and tax rules may exist for business founders and for the managers of private equity, venture capital, real estate, and hedge funds. Stradling’s private wealth attorneys work alongside its corporate and fund attorneys to devise effective tax and wealth transfer strategies for clients in these roles, and with knowledge of the special laws and opportunities available.