Proper wealth planning helps individuals and their families reduce taxes and do a better job of providing for the long-term best interest of their families and favorite charities.
However, decision-making is not always easy when it comes to managing and planning for wealth. Some of the tax issues involved can be technical and complicated, and there can be serious consequences if assets pass in the wrong way to a beneficiary who is too young, or has too many problems, to receive it outright. Likewise, proper long-term charitable planning often involves private foundations and other charitable vehicles that may be subject to complicated tax and anti-abuse rules.
As U.S. News – Best Law Firms 2020 “Law Firm of the Year” in Tax Law, we can help you with this challenging process. We provide clear and practical advice, and we don’t speak “legalese.” We can help you understand the complex rules that come with this territory, and we listen so that we can properly understand your family and personal issues.
Our lawyers will work hand-in-hand with you to develop an effective long-term plan for your wealth and make sure that plan is properly implemented when the time comes. We also represent taxpayers in estate, gift, and fiduciary income tax audits and litigation, fiduciaries and beneficiaries in estate and trust disputes, and fiduciaries in actions brought by or against estates and trusts.
With our global network, we represent U.S. clients with foreign property or who have non-citizen spouses, citizens of foreign countries residing in the U.S., and foreign clients with property in the U.S. or U.S. citizen spouses. We also advise European clients (particularly in Switzerland and Germany) on the best way to structure U.S. undertakings and on other tax planning opportunities.
Your plans for the success you have achieved are too important to mismanage. The lawyers at Alston & Bird can help protect what you value.