Trusts and Estates
Becker Glynn has particular strength in domestic and international estate planning. We develop comprehensive estate plans that address the complex tax issues that can arise when working to meet the particular personal, family, and business objectives and concerns of our clients. For our clients with U.S. citizenship, Becker Glynn routinely develops and implements sophisticated estate plans, succession plans, and asset protection plans for high net worth individuals. These plans are designed to accommodate complex family requirements and resolve intricate estate, gift, income, and generation-skipping transfer tax issues. Among the arrangements we use are: family partnerships, LLCs, all forms of family trusts, testamentary dispositions, charitable trusts, and private foundations, with the purpose of facilitating the transfer of assets and closely-held businesses among family members in a tax efficient manner. Our tax and estate attorneys also handle the probate of wills, estate and trust administrations, and estate, gift and income tax audits. We become involved in matters concerning elder law as well as specialized estate planning for families with members who are disabled, and also handle the ancillary administration and estate tax filings for the American estates of non-resident aliens who, at the time of death, hold assets in the United States. Furthermore, we are thoroughly familiar with the scope and impact of income and estate tax treaties between the United States and many important foreign jurisdictions. On behalf of non-resident clients who are citizens of countries outside the U.S., we establish transnational arrangements for the confidential ownership, management and transfer of personal assets that minimize potential United States and worldwide estate, gift, and income tax liabilities, using foundations and similar devices. We work extensively with the private banking departments of major foreign banks, as well as domestic financial institutions and registered financial advisors, to assist them in handling the legal problems faced by their clientele. Our attorneys routinely deal with the legal, fiscal and inheritance issues that accrue to successful foreign businessmen and women and other high net worth individuals who, due to unstable local economies, weak national currencies, inflation, and arbitrary or erratic governmental policies, are forced to hold substantial investments outside their home countries. In confronting these issues, we frequently engage in global income, estate, and gift tax planning. In doing so, we draw on our knowledge of the relevant laws of various foreign countries, and also work with specialized correspondent counsel in those nations.