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Wealth Management & Taxation

Wealth Management & Taxation


Overview

In the wealth transfer planning area, personal, practical, and confidential representation of clients and their families throughout the Southeast is a longstanding and successful tradition at Smith Moore Leatherwood.  We maintain a sophisticated wealth transfer planning practice that strives to accomplish the efficient transfer of wealth to the next generation in a way that ensures privacy, minimizes probate and taxes, and maximizes family harmony.  While we focus on the gift, estate, and generation skipping tax issues, we also focus on planning opportunities that minimize the income tax burden during life and at death.

Our attorneys listen to our clients' goals and help them structure their plan for transfers during life and at death through the implementation of wills, revocable trusts, qualified personal residence trusts, grantor retained annuity trusts, installment sales to intentionally defective grantor trusts, generation skipping trusts, family limited partnerships, limited liability companies, shareholders' agreements, and the like.  In addition, since a large portion of an individual's estate may consist of life insurance, qualified retirement plans, and IRAs, our attorneys advise our clients on designating the proper owner and beneficiaries of these assets to minimize the tax burden.

Smith Moore Leatherwood has a special focus on representing owners of family businesses and other closely held businesses.  Our attorneys are experienced with the unique tax and nontax planning opportunities available to these businesses and their owners.  Since statistics show a relatively low success rate for the transfer of the family or closely held business to the next generation, the family or closely held business owner should have a comprehensive business succession plan.  Our attorneys have significant experience in this area and are very involved with the family and closely held business owner in developing a practical and comprehensive business succession plan.

Part of the wealth transfer planning process involves the consideration of charitable planning.  Many of our clients are charitably inclined, and we help structure their charitable gifts to maximize the tax benefits.  Our experience includes the organization and operation of private foundations as well as the establishment and implementation of charitable trusts and donor advised funds.

The wealth transfer planning area requires a close relationship between the client and the attorney, and our attorneys serve as the "trusted advisor." Smith Moore Leatherwood is committed to continuing to serve this need, as we have for generations, and to apply the same creative problem-solving skills and client focus we use throughout our practice.

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Each of our lawyer's e-mail address is provided with his or her biography. If you are not a current client of our firm, you should not e-mail our lawyers with any confidential information or any information about a specific legal matter, given that our firm may presently represent persons or companies who have interests that are adverse to you. If you are not a current client and you e-mail any lawyer in our firm, you do so without any expectation of confidentiality. We will not establish a professional relationship with you via e-mail. Instead, you should contact our firm by telephone so that we can determine whether we are in a position to consult with you about any legal matters before you share any confidential or sensitive information with us.