Our sophisticated wealth planning practice offers customized legal solutions and outstanding service. We represent individuals and families in a broad range of estate planning matters, from straightforward estate plans to complex family office matters. In addition, our attorneys offer sound advice and counsel to clients in the areas of probate, trust and guardianship administrations, and disputes.
We help clients with the protection of their assets from unforeseen claims that may arise from accident or malpractice judgments or from marital dissolution.
Family Office Services
We know the legal considerations that come with significant family wealth are diverse and complex, which is why we provide trusted counsel to some of the most affluent families in Texas. Our attorneys strive to build an in-depth relationship with each client that includes all of the members of their family, tailoring our services to each client’s unique needs, culture, and family dynamics.
Probate, Guardianship and Trust Administration
We possess the knowledge necessary to help individual and institutional executors, guardians and trustees fulfill their fiduciary obligations, properly administer estates and trusts, plan for asset distributions, and determine and plan for income and transfer taxes. We also represent clients in litigation associated with estate or trust administration, including will contests and breaches of fiduciary duty.
We focus on the special needs of tax-exempt organizations, whether helping get new organizations off to a healthy start, staying with them as they grow and develop, or representing some of the largest private foundations, associations, and healthcare and educational institutions in Texas. We have encountered and undertaken many of the challenges that affect exempt organizations, such as governance issues, tax compliance, and management of their activities according to their mission.
Our attorneys use their talent and experience to help clients translate their desires into a clear and understandable disposition of their property, which often includes the minimization of taxes, protection of assets from creditors, and misuse by family members. Drawing from a depth of experience that stems from our diverse clientele, our attorneys are able to develop customized, efficient solutions for the various issues that our clients face. We ensure that our clients fully understand how the plan will work, both during life and at death, and we provide guidance to future generations regarding the implementation of the plan when desired by our clients.
Basic Estate Planning
- Revocable Living Trusts
- Powers of Attorney for Asset Management
- Powers of Attorney for Healthcare Management
- Advanced Directives (Living Wills)
- Other Ancillary Documents, as needed
Business Succession Planning
- Buy-sell and Stock Restriction Agreements
- Family Business Planning Arrangements
- Voting Trusts and Other Key Shareholder Arrangements
- Investment Limited Partnerships
- State Exemption Planning
- Asset Protection Trusts
- Pre- and Post-Marital Agreements
- Partition and Community Property Agreements
- Formation and Operation of Private Foundations, Support Organizations, and Public Charities
- Charitable Remainder Trusts (“CRTs”)
- Charitable Lead Trusts (“CLTs”)
- Charitable Bargain Sales and Other Techniques
Estate and Gift Planning Vehicles
- Generation Skipping Tax Exempt Trusts
- Dynasty Trusts
- Irrevocable Life Insurance Trusts (“ILITs”)
- Family Limited Partnerships And Family Limited Liability Companies
- Grantor Retained Annuity Trusts (“GRATs”)
- Grantor Trusts
- Sales to Grantor Trusts
- Qualified Personal Residence Trusts (“QPRTs”)
Tax Exempt Planning
- Consider and resolve issues related to application of unrelated business income tax
- Structure and analyze joint ventures between entities
- Address and resolve issues related to prohibited private inurement and private benefit
- Prepare and update governing documents
- Analyze and address the character of the entity
- Analyze revenue and activities and the impact on exempt status
- Prepare and file exemption applications, IRS Forms 1023 or 1024
- Consider issues related to board makeup, structure and operation; facilitate operation
- Assist with maintaining tax exempt status, including representation before the IRS and other regulatory agencies
- Assist entities in issuing bonds and other financing options
- Assist private foundations with termination of public charity status