USA

Nationwide

Wealth Management


Nationwide : AN INTRODUCTION

Contributed by Katten Muchin Rosenman LLP

Wealth management in the United States is an ongoing, ever-evolving practice. The complex problems confronting clients involve local, federal and international tax, estate planning, trust and estate administration, and dispute resolution laws and regulations. The wealth management process focuses on creating and implementing an integrated planning structure that will accomplish the client's objectives in a tax-efficient and predictable manner, with sufficient flexibility to address unanticipated change. High net worth individuals turn to professionals for unique, holistic solutions that respond to their personal and estate planning needs and family governance wishes.

Succession planning is a key component to wealth management for business owners and wealth creators. Moving beyond managerial succession, legal advice centers on restructuring business entities and other holdings in a manner that achieves efficient wealth transfer and cohesive management across generations.

The most pertinent developments in wealth management over the last 12 months include:

Same-Sex Marriage 

The US Supreme Court granted a major victory to the marriage equality movement by striking down Section 3 of the federal Defense of Marriage Act (DOMA) as unconstitutional in United States v Windsor. As a result, the federal government will recognize as “married” those couples that were lawfully married in any jurisdiction (domestic or foreign). At the state level, California, Delaware, Hawaii, Illinois, Maryland, Minnesota, New Jersey and Rhode Island decided to permit marriages between same-sex couples in 2013.

Federal Estate, Generation-Skipping Transfer (GST) and Gift Tax Rates

For 2013, the federal estate and gift tax exclusion amount was $5.25 million. For 2014, it is $5.34 million. The maximum rate for estate, gift and GST taxes remains at 40%.

Annual Gift Tax Exclusion 

The annual gift tax exemption amount remains at $14,000 per donee in 2014. Thus, a married couple together may gift $28,000 to each donee. However, gifts made to noncitizen spouses are limited to a different annual gift tax exemption amount, which increased from $143,000 to $145,000 in 2014.

President’s Budget Proposal for Fiscal Year 2015

The President’s budget proposal for fiscal year 2015 includes a number of transfer tax-related items, some of which have been proposed in prior years. In contrast to the President’s budget proposals in prior years, the 2015 proposal does not include a proposal to limit the availability of valuation discounts on family limited partnerships, limited liability companies and other family entities – a very favorable development for taxpayers.

Reset Exclusion Amounts and Tax Rate 

Just when we thought we could breathe a sigh of relief as to the new “permanent” applicable exclusion amounts and tax rates, the budget proposal provides for a permanent return of the estate, gift and GST tax regimes to their 2009 levels, i.e., a 45% top tax rate and $3.5 million exemption for estate and GST tax and $1 million for gift tax, beginning in 2018. Note that the proposal makes clear that there would be no “clawback” of transfer taxes for those who took advantage of higher applicable exclusion amounts prior to 2018.

Change the Treatment of Intentionally Defective Grantor Trusts (IDGTs)

The budget proposal contains a provision that would significantly undermine the utility of a highly effective planning technique. IDGTs are currently used as a central part of much tax planning, as they allow a grantor the ability to be taxed on all of the trust’s income, thus allowing the trust assets to grow undiminished by tax payments. Under the proposal, the assets in IDGTs would be included in the grantor’s estate and subject to estate tax. In addition, distributions from an IDGT would be subject to gift tax and if the trust ceases to be a grantor trust, the remaining assets would be subject to gift tax.

Require Consistency of Basis Valuation

The proposal to require consistency in value for transfer and income tax purposes requires that the basis for income tax purposes be the same as that determined for estate and gift tax purposes.

Impose New Requirements for Grantor Retained Annuity Trusts (GRATs)

The proposal adds three additional requirements that would be imposed on GRATs: (i) they must have a ten-year minimum term; (ii) they must have a remainder interest greater than zero; and (iii) the annuity amount cannot decrease in any year during the annuity term.

Limit the Duration of the GST Exemption 

Under the proposal, the exclusion from the imposition of GST tax would last only 90 years for additions to pre-existing trusts and trusts created after the date of enactment, regardless of whether the trust has a longer duration under the trust instrument and/or state law.

It is impossible to say which if any of these proposals may ever be enacted, but it is important, in reviewing one’s planning options, to note which devices are on the President’s radar screen for change.

Planning Opportunities to Consider Immediately 

• Review and revise your estate plan to ensure it remains appropriate
• Consider trust income tax planning, now that estate tax exemptions are so high
• Make gifts to take advantage of the increased applicable exclusion amount
• Create grantor retained annuity trusts (GRATs) while hurdle rates are at historic lows
• Make sales to “defective” grantor trusts while the applicable federal interest rates are at historic lows
• Create charitable lead annuity trusts (CLATs) while hurdle rates are at historic lows
• Gift residences or vacation homes using qualified personal residence trusts and other trusts while real estate valuations are depressed
• Consider buy-back of appreciated low basis assets from grantor trusts
• Make intra-family loans, including to purchase life insurance, while interest rates are at historic lows
• Consider creating or amending existing family limited partnerships consistent with the latest case law developments this year
• Consider the use of life insurance for income and transfer tax mitigation

Offshore Voluntary Disclosure Initiative

In August 2013, the US Department of Justice (DOJ) announced a new voluntary disclosure program for Swiss financial institutions whereby eligible Swiss banks that are not already under investigation by the DOJ may avoid criminal prosecution in the United States by disclosing detailed information on US-held accounts and, in some cases, paying significant penalties.

Foreign Account Tax Compliance Act of 2009

On January 18, 2013, the US Department of the Treasury (Treasury) issued the long-awaited final regulations (the “FATCA Regulations”) promulgated under the Foreign Account Tax Compliance Act (FATCA). FATCA imposes a new withholding tax on foreign entities, unless such entities comply with new information reporting requirements. The FATCA Regulations provide detailed guidance on complying with FATCA.

Relatedly, the Treasury continues to negotiate so-called “inter-governmental agreements” (IGAs) with other countries pursuant to FATCA. Under such IGAs, foreign financial institutions report tax-related information about accounts held by US customers to the foreign government, which relays that information to the Internal Revenue Service (IRS). In exchange, the IRS provides similar information to the foreign government with assistance from US financial institutions. To date, the Treasury has entered into IGAs with ten countries: Denmark, France, Germany, Ireland, Japan, Mexico, Norway, Spain, Switzerland and the United Kingdom. The Treasury is close to entering into final IGAs with Bermuda, the Cayman Islands, Italy and Malta. In addition, final negotiations are underway with the following jurisdictions: Australia, Belgium, British Virgin Islands, Canada, Czech Republic, Finland, Guernsey, Isle of Man, Israel, Jersey, Luxembourg, Netherlands, New Zealand, Singapore and Sweden.

Wealth Management - Nationwide

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第一等 |

Basic facts about the department
Key offices include New York, Chicago, Los Angeles and Silicon Valley.

What the team is known for Exceptional wealth management practice with one of the largest and most enviable benches of lawyers across the country. Peers are full of admiration, while big-name clients regularly seek out its expertise in domestic and international trust and estate planning. Also well equipped to handle complex trust and probate litigation.

Strengths (Quotes mainly from clients)
"A very significant practice nationally with heavy-hitters - an amazing team, incredibly deep bench and one of the leading trust and estate firms in the country."

"Always available and responsive – they deliver on their promises."

Work highlights Assisting the founders of a Fortune 500 company with estate planning matters, including rolling grantor retained annuity trusts (GRATs) and perpetuity trusts.

Advising a UK and US family on its US tax and investments held through non-US entities and trusts.

Notable practitioners

Carlyn McCaffrey is widely recognized as a "legend in the field" and "a great leader in the profession." She co-heads the New York private client practice.

Henry Christensen co-heads the practice in New York and leads the international private client department. He is described by sources as "one of the best New York trust and estate lawyers."

Chicago-based Carol Harrington is global head of the firm's private client practice. "She was excellent - in addition to having a legal mind, she brings warmth when dealing with clients," said an interviewee. Harrington is highly sought after for her expertise in generation-skipping tax.

Jonathan Lurie moves up the rankings having earned tremendous praise from interviewees: "He's a great lawyer; I have nothing but praise for him," said one. Lurie is based in the Los Angeles office.

David Baker is the firm's expert on trust and estate litigation and leads the estate, trust and guardianship controversy group. He is based in Chicago.  

Read Moore recently relocated from Chicago to the Silicon Valley office. "Read stands out as an excellent lawyer," said a client. "He has great up-to-date knowledge and we value his straightforward approach to things."

In the Chicago office, David Herpe is an esteemed lawyer with extensive experience handling complex wealth transfer and estate planning matters.

Richard Lang splits his time between the Chicago and Silicon Valley offices. Clients describe him as "a very calm and thoughtful orchestrator."

Amy Erenrich Heller is establishing a strong reputation in New York. She earns plaudits from peers, who say: "She's just terrific - incredibly bright and hard-working."  

Julie Miraglia Kwon is a "really wonderful young lawyer" based in the Silicon Valley office. She specializes in generation-skipping, estate and gift taxes, trust administration and charitable planning.

Young partner Nicole Pearl works closely alongside Jonathan Lurie in Los Angeles and comes highly recommended by peers and clients, especially for intergeneration wealth transfers.

第一等 |

Basic facts about the department
Key office is Richmond.

What the team is known for Outstanding private client group home to some of the country's best-known practitioners. Offers a wealth of experience in estate and tax planning, and is increasingly focused on building its litigation and nonprofit and tax-exempt organization practices.

Strengths (Quotes mainly from clients)
"They really are amazing - they are responsive and professional, they work hard and the hours they put in are endless."

Notable practitioners

Ronald Aucutt co-heads McGuireWoods' practice and earns widespread admiration from peers and clients, who describe him as a "very smart and excellent technical lawyer."

Dennis Belcher earns high praise from clients, who say he has "vast knowledge of everything to do with estates and a willingness to listen and continue to learn, which makes him an incredible attorney."

Charles Fox is co-head of the wealth management practice and a "very solid lawyer," according to sources. He offers a wealth of experience in estate planning and administration, as well as charitable foundations.

John O'Grady is "one of the top estate planning attorneys in the region," according to sources, who appreciate in particular his "cutting-edge advice and recommendations."  

Michele McKinnon is best known for her specialization in tax-exempt and charitable organizations, and works closely with major colleges and universities, charitable trusts and private foundations.

第二等 |

Basic facts about the department
Key offices include Miami, New York, Los Angeles and McLean, Virginia.

What the team is known for Well-regarded trusts and estates group with highly experienced lawyers based across its many offices. Routinely advises its strong roster of clients on matters such as wealth transfer planning, trust administration, business succession and charitable foundations.

Strengths (Quotes mainly from clients)
"We're extremely happy with the firm - overall it's a very good, solid relationship and we get value for the dollars we spend."

Notable practitioners

Diana Zeydel chairs the firm's trusts and estates practice from the Miami office. She represents an impressive stable of clients in business succession and family wealth transfer planning.

Linda Hirschson leads the New York estate planning practice and has wide-ranging experience, including in charitable trust and private foundations.

Los Angeles-based Lawrence Heller is best recognized for his international tax and estate planning expertise. He is "extremely capable with clients all over the globe," say interviewees. 

Norman Benford is a longstanding market player with a wealth of experience handling complex estate planning and tax matters.

Virginia-based Jonathan Forster is chair of the national wealth management group. Clients note: "His biggest attribute is that he can take a complex strategy and give you a quick overview then go to the details." He is especially adept in life insurance matters.

第二等 |

Basic facts about the department
Key offices include Tampa, New York, Tysons Corner and Boston.

What the team is known for Broad bench of lawyers with significant experience representing corporate executives, private equity and hedge fund principals, investors and successful entrepreneurs. Trust and estate litigation is a core strength of the practice, as is international planning.

Strengths (Quotes mainly from clients)
"They are just top level - extremely knowledgeable, thoughtful and great with clients." 

Notable practitioners

Los Angeles-based Bruce Ross is an esteemed trust and estate litigator and leads the firm's private wealth dispute resolution practice.

Edward Koren is a leading figure in the wealth management practice. "His technical ability is amazing and he has a way of dealing with very wealthy clients and bringing their issues into a manageable space - he understands the business issues, which adds value," said one client.

"Very talented" Leigh-Alexandra Basha is singled out for her expertise in international estate planning. Clients seek out her "very deep understanding of the situations of clients who live abroad and great planning for Americans living overseas." 

In Boston, David Scott Sloan is especially active assisting private equity and hedge fund principals, as well as entrepreneurs, with wealth and succession planning matters.

John Dadakis chairs the New York wealth management practice and focuses on representing fund managers and investors, private entrepreneurs and major corporate executives.

Significant clients MB Financial Bank, Northern Trust, Fiduciary Trust International of California.

第二等 |

Basic facts about the department
Key offices include New York, Chicago and Los Angeles.

What the team is known for Strong in international estate planning, frequently representing very high net worth individuals and families with assets overseas or non-US nationals setting up in the USA. Also highly experienced in domestic trust and estate planning and administration, and in work with charitable trusts and private foundations.

Strengths (Quotes mainly from clients)
"They have a very practical approach to solving problems."  

"Very high-quality firm with particular expertise in international estate planning."  

Notable practitioners

Joshua Rubenstein is a well-known name in the estate planning field and is "very able technically and very user-friendly," according to interviewees. One added: "He is very good at getting down to the essence of what needs to be resolved and getting it done." Rubenstein leads the practice from the New York office.

Los Angeles-based Carol Johnston joins the rankings this year thanks to widespread recognition of her contribution to the practice. She handles an array of trust and estate administration and planning matters.

Significant clients Rodgers & Hammerstein Organization, Francis Newton Souza, Vladimir Horowitz, Stephen Floersheimer, Igor Stravinsky estate.

第二等 |

Basic facts about the department
Key offices include New York, DC and Los Angeles.

What the team is known for Going from strength to strength following the addition of highly regarded practitioners to its New York office, with significant experience representing corporate and investment fund clients. Fields additional specialists in areas such as art law, life insurance, business succession and charitable organizations.

Strengths (Quotes mainly from clients)
"They are just very effective and have a lot of experience and a lot of lawyers."

"Good balance between technical expertise and sensitivity to how families operate, and a pleasure to deal with." 

Notable practitioners

Leah Bishop is highly recommended by the market and particularly experienced in tax-exempt organization and charitable giving work. She is based in the Los Angeles office.

Los Angeles-based Paul Frimmer is a seasoned practitioner with distinct expertise in art law. He is also active in a wide range of estate planning and charitable foundation work.

Jonathan Rikoon joined the team in New York, having previously led the practice at Debevoise & Plimpton. He has significant experience representing clients in the private equity and hedge fund space.

Stuart Tobisman is a highly respected attorney offering vast experience, especially in business succession planning. He is based in Los Angeles.

In the DC office, Mary Ann Mancini offers a wealth of experience in life insurance matters, such as life settlements, insurance trusts and compensation agreements.

Rachel Harris "is dynamic and knows her subject area very well," according to sources. She continues to build a respected practice advising domestic and international clients on estate planning and related issues.

第二等 |

Basic facts about the department 
Key office is New York.

What the team is known for Provides excellent understanding of the needs of high net worth clients and is therefore a top choice for some of the wealthiest individuals and families. In addition to excellent estate planning capabilities, the team is well positioned to advise on charitable giving.

Strengths (Quotes mainly from clients)
"They've been effective and easy to work with, and they've done an excellent job."  

Notable practitioners

Georgiana Slade leads the firm's trust and estate practice and enjoys a strong reputation in the market. "She's just terrific - very hard-working and very smart. It's comforting to have her working with me," said a source.

David Stoll has extensive experience in assisting fund principals and owners of closely-held businesses with their sophisticated estate planning. "He has wonderful judgment and handles personal relationships very thoughtfully - he also has a great analytical mind and is an effective negotiator," enthused a client.

Significant clients Katharine Hepburn estate, Brandywine Trust Company, Jacqueline Kennedy Onassis estate, Estate of Huguette Clark, Rockefeller family.

第二等 |

Basic facts about the department
Key office is New York.

What the team is known for Provides counsel to a longstanding client base, offering extensive trust and estate experience and technical ability. Supported by a top-rated litigation team.

Strengths (Quotes mainly from clients)
"They think through situations, they are analytical, they apply their knowledge of my needs and think up solutions - it's all tailored to me."

Notable practitioners

Renowned expert Alan Halperin cochairs the firm's private wealth group. He has established a strong following of clients, who note his "reputation as one of the smartest lawyers around - he's truly extraordinary, responsive to his clients, and can address very difficult technical issues like no-one else can." 

Accomplished practitioner John O'Neil offers a wealth of experience in this sector. "He's amazing - always accessible, tireless and his judgment is really unique as he's got the experience and technical ability," said a client.

Loretta Ippolito joined the team from Willkie Farr & Gallagher in July 2013, bringing extensive experience in tax and estate planning and tax-exempt organizations.

第二等 |

Basic facts about the department
Key offices include New York, Boca Raton and Los Angeles.

What the team is known for Offers expertise across the board, including in fiduciary litigation, international estate planning, estate administration and same-sex marriage matters. Its strong corporate practice attracts a significant number of private equity principals and companies.

Strengths (Quotes mainly from clients)
"We're very happy with the quality of the work." 

Notable practitioners

Andrew Katzenstein is "a great lawyer - really smart, collegial and a good collaborator," say peers. He is based in Los Angeles and noted for his expertise in tax planning.

David Pratt heads the Boca Raton office and has established a strong reputation in the market for his tax and estate planning and asset protection practice.

New York-based Jay Waxenberg is head of the firm's personal planning group. Sources say he is "practical, technically strong and strategically strong."

Significant clients Estate of Keith Haring and the Keith Haring Foundation, U.S. Trust, Bessemer, George Balanchine Trust and Foundation, Northern Trust.

Band 3 | Day Pitney LLP

第三等 |

Basic facts about the department
Key offices include New York and Boston.

What the team is known for Deep bench of lawyers providing a wealth of experience in tax and wealth transfer planning. Popular choice for non-US citizens thanks to its pre-immigration tax and international estate planning capabilities.

Strengths (Quotes mainly from clients)
"I always enjoy working with them and my clients are always very happy." 

Notable practitioners

Warren Whitaker "knows his field very well and his advice is precise and helpful," according to clients. He is sought out for his international tax and estate planning expertise.

Clients are full of praise for Dina Kapur Sanna, who specializes in cross-border tax planning. "She is at the top of her game, she has very good judgment when something is not black and white, and she's very good at explaining stuff in plain English," said a source.

Leiha Macauley handles a wide range of trust and estate matters, including probate and fiduciary litigation. "Leiha is extremely reasonable, thoughtful, rational, well mannered and personable," said a client.

第三等 |

Basic facts about the department 
Key offices include New York, DC and Silicon Valley.

What the team is known for Great breadth of coverage, with practitioners on both coasts offering clients first-rate counsel on trust and estate planning matters. Counts numerous well-known families and international charitable foundations among its clients.

Strengths (Quotes mainly from clients)
"They are fantastic - our clients have 110% confidence in what they say."

Notable practitioners

Sources describe DC-based Ellen Harrison as "an absolute genius" and "an expert at what she does." She brings comfort to clients because "she's familiar with every single detail in the estate plan as well as being a big-picture thinker." 

Jennifer Jordan McCall chairs the firm's estates, trusts and tax planning practice, splitting her time between the New York and Silicon Valley offices. She handles the full spectrum of issues.

第三等 |

Basic facts about the department
Key offices include Chicago, New York and San Francisco.

What the team is known for Bolstered national offering following mergers with firms in New York and San Francisco, with several experienced lawyers joining this robust practice. Notable strength in trust and estate planning, and in probate and fiduciary litigation.

Strengths (Quotes mainly from clients)
"They have the expertise, are easy to work with and provide timely service."

What's new? Merged with Mazur Carp and Leibovitz Goodwin Law Group in July and September 2013, respectively.  

Notable practitioners

Thomas Abendroth leads the firm's practice in this field and has established an excellent reputation. "He's savvy technically and is able to keep clients one step ahead with planning," enthused an interviewee.

David Hodgman is adept in estate planning and probate and trust litigation. Sources say: "He has the ability to explain complicated concepts simply and efficiently, and is extremely knowledgeable of the many issues we have to deal with." 

第三等 |

Basic facts about the department
Key offices include Chicago, New York and San Francisco.

What the team is known for Strong across the board in trusts and estates, including business succession planning, wealth transferring, charitable giving and private foundations. Also assists prominent US and foreign families on US tax planning and wealth management matters.

Strengths (Quotes mainly from clients)
"I like the way they work and their depth of knowledge, judgment and client commitment." 

Notable practitioners

Chicago-based Susan Bart offers in-depth knowledge on sophisticated trust and estate administration, gift tax planning and charitable foundations. She is also adept in advising same-sex couples on tax implications of marriage and civil unions.

Jordan Klein is highly recommended by clients, who say: "His technical expertise is outstanding; he's extremely bright and he's responsive and practical." He heads the firm's private client group out of Chicago.

Susan Harrington leads the New York private client practice and is highly experienced in advising US and non-US clients on their domestic and cross-border tax and estate planning matters.

第三等 |

Basic facts about the department 
Key office is New York.

What the team is known for Strong in international estate planning, with additional support from the recently launched private client practice in London. Works alongside the firm's first-rate corporate team on major transactions for high net worth individuals and international families.

Notable practitioners

James Black leads the firm's estates and personal group, and handles a range of estate planning and charitable giving work. He also offers significant real estate expertise.

Clients say Charles Dowling "has a wonderful mind and a wonderful manner, and is really good at making people feel at ease discussing extremely private matters." He frequently assists high net worth individuals and families with estate planning and structuring investment vehicles and private businesses.  

第三等 |

Basic facts about the department 
Key offices include New York and New Haven.

What the team is known for Good choice for international planning thanks to the firm's network of offices across the world and dedicated Latin American planning practice. Also well placed to advise clients on the structuring of investment vehicles and closely-held businesses on tax planning.

Strengths (Quotes mainly from clients)
"Brilliant people of the very highest level and ability, extremely pleasant to work with and extremely responsive."

"They are excellent and have a real ability to handle planning issues, especially multijurisdictional matters."

Notable practitioners

In July 2013, Ivan Sacks was appointed as Withers Bergman's global chairman and is also head of the Latin American planning practice. He is highly sought after for cross-border planning, and for his ability to "make astute business judgments and make recommendations based on that." 

David Stein leads the US wealth planning department and specializes in tax planning for closely-held businesses and structuring investment vehicles. He is also adept in charitable foundations work.

James Brockway co-heads the global wealth planning practice and focuses on assisting non-US clients with matters such as offshore trusts, foreign assets and investment transactions. "He's just flat-out brilliant, very smart and his recall of matters is unbelievable," said a client.

Louis Mezzullo recently joined the team from McKenna Long & Aldridge. He is a "very well-known and great planner," and has "one of the best reputations," say market sources.

第四等 |

Basic facts about the department 
Key offices include DC and Silicon Valley.

What the team is known for Represents high net worth individuals and wealthy families in relation to major real estate portfolios. Also well positioned to advise these clients on multi-generational wealth transfer and estate planning.

Strengths (Quotes mainly from clients)
"The team does exceptional work."  

Work highlights Assisting with the administration of the estate of Frank Pearl, which involves probate, litigation, business succession, SEC and art valuation matters.

Notable practitioners

Thomas Richardson leads the firm's private client services group and is highly recommended by clients: "He's extremely knowledgeable, his bedside manner is excellent and he goes straight to the point in a very delicate and nice way."  

Significant clients Patricia Miller (trustee of Miller Children's Trust), Lillian Martin (beneficiary of the estate of James Martin), Gould Properties.

第四等 |

Basic facts about the department 
Key office is DC.

What the team is known for Has extensive experience working with the US government and is therefore a popular choice for tax and IRS-related matters, including private letter rulings. Also sought for advice on US regulations on expatriation and foreign trusts.

Strengths (Quotes mainly from clients)
"A tremendously strong group with complementary skills." 

Notable practitioners

Beth Shapiro Kaufman enjoys an excellent reputation as an "absolutely brilliant" trust and estate expert. "She deals with very complicated matters but is very practical and breaks things down in a way that the client will be able to understand," said one interviewee. 

Well-established practitioner Anne O'Brien recently joined the team from Arnold & Porter. Sources describe her as an "amazing international lawyer."

Michael Pfeifer is "a well-known expert in US compliance for foreign trusts and the foreign rules for expatriation," said a source. "Clients are very grateful working with him because of his experience." 

第四等 |

Basic facts about the department 
Key office is New York.

What the team is known for Longstanding market player with a strong reputation for tax matters and domestic trust and estate planning and administration. Also well placed to act on estate sales and art and collectibles auctions.

Notable practitioners

Michael Frankel is one of the cochairs of the firm's trusts and estates practice. He is highly experienced advising US and non-US domiciled high net worth individuals and families on estate planning and administration matters.

第四等 |

Basic facts about the department 
Key office is Chicago.

What the team is known for Provides outstanding client service and a proactive approach to trust and estate planning. The client base is expanding, with various generations of wealthy families and an increasing number of private equity fund clients seeking its services.

Notable practitioners

David Handler is a very highly respected figure in the trusts and estates arena, and leads this practice from the Chicago office. He represents a large stable of clients, including closely-held business owners, wealthy families, corporate executives and fund principals.

第四等 |

Basic facts about the department 
Key office is Chicago.

What the team is known for Well-established trusts and estates group with extensive experience in planning and administration work. Also provides expertise in charities and tax-exempt organizations, advising on matters such as charitable giving and private foundations.

Notable practitioners

Donna Morgan leads Mayer Brown's practice in the field and has a strong reputation. She is especially well positioned to advise on complex issues relating to estate planning, charities and private foundations.

第四等 |

Basic facts about the department
Key office is Boston.

What the team is known for Strong relationships with leading private equity houses, attracting a significant amount of planning and investment work for funds and their principals. Growing focus on international estate planning, representing foreign nationals moving to the USA.

Work highlights Assists Harvard University with its charitable trust and planned giving matters.

Notable practitioners

Clients say Marc Bloostein "is very adept technically and helps us in an area that keeps changing." He often represents investment funds and their principals.

Martin Hall is a leading figure in the private client group. He has more than two decades' experience of representing clients in estate planning and charitable giving matters.

Significant clients Bain Capital, TPG Capital, Welsh Carson Anderson & Stowe, State Street Global Advisors, Harvard University.

第四等 |

Basic facts about the department 
Key office is New York.

What the team is known for Deep experience and devoted approach to client service. Clients include super high net worth individuals and families, professional trustees, beneficiaries and nonprofit organizations.

Notable practitioners

David McCabe chairs the firm's private client practice and has established a reputation as "an excellent lawyer." He has a wealth of experience assisting wealthy families and individuals with estate planning matters.

Other Ranked Lawyers 其他上榜律师

Houston-based John Porter of Baker Botts LLP is a "terrific lawyer" best known for his expertise in contentious tax and estate matters. He regularly represents taxpayers against the IRS in gift and estate tax controversies.

In DC, Edward Jay Beckwith leads the tax-exempt organization and charitable giving practice at Baker & Hostetler LLP. "We love him. He's very good, very thorough and has done a good job for us," said a client.  

Bryan Cave LLP's Lawrence Brody is considered by sources to be a great lawyer and is well-renowned for his handling of life insurance-related matters. He is based in the St Louis office.

Kurt Rademacher of Butler, Snow, O'Mara, Stevens & Cannada, PLLC focuses on US income, gift and estate tax matters for families and closely-held businesses. "Kurt is competent technically, flexible with time zone differences, and a pleasure to work with," said a client.  

Robert Lawrence is a highly respected figure in Cadwalader, Wickersham & Taft's private client practice in New York. He is sought out for his extensive experience in international tax and estate planning.

Myron Sugarman is head of the estate planning and personal representation department at Cooley LLP and is based in San Francisco. He has wide-ranging experience in the tax and estate planning domain.

Daniel Mosley of Cravath, Swaine & Moore LLP is highly recommended for gift and tax planning matters, particularly in relation to transactions and investments. He is based in New York.

Malcolm Moore of Davis Wright Tremaine LLP in Seattle is a well-regarded practitioner with vast experience in tax and estate planning matters. He is also well positioned to advise on charitable trust and foundation matters.

Dina Kapur Sanna of Day Pitney LLP 

G Warren Whitaker of Day Pitney LLP 

Lauren Detzel chairs the estate and succession planning practice at Dean, Mead, Egerton, Bloodworth, Capouano & Bozarth PA and is regarded by peers as an "important player in the field." She focuses on representing closely-held businesses and family offices.

Pam Schneider is one of the founding partners of Radnor, Pennsylvania firm Gadsden Schneider & Woodward LLP. She is a highly respected estate planning lawyer specializing in GRATs and generation-skipping taxes.

Louis Harrison of Chicago firm Harrison & Held specializes in estate planning for closely-held businesses and partnerships, and in gifting and charitable giving.

Arlene Harris is a special counsel in Kaye Scholer LLP's private client practice in New York and offers a wealth of trust and estate experience, including litigation, administration and planning work.

DC's Donald Kozusko of Kozusko Harris Vetter Wareh LLP is highly esteemed for his robust practice in the wealth management arena. He represents domestic and international clients in estate planning, investments, trusts and charitable planning.

Sources say Cheryl Hader "works quickly, clients love her, she has cutting-edge ideas and we're very comfortable working with her." She is based in the New York office of Kramer Levin Naftalis & Frankel LLP and handles a range of domestic and international estate planning matters.

New York-based John Novogrod of Kramer Levin Naftalis & Frankel LLP is "very efficient, very knowledgeable and very practical," according to sources. His practice has an emphasis on trust and estate planning and administration.

Charlotte-based Neill McBryde leads Moore & Van Allen's wealth management practice. He specializes in tax, estate and business planning for closely-held businesses and high net worth individuals.

According to sources, New York-based Gideon Rothschild is "a very accomplished attorney" who is "preeminent in the trusts and estates field." He chairs the practice at Moses & Singer LLP.  

Chicago-based Lawrence Richman of Neal, Gerber & Eisenberg LLP is lauded by clients for his ability to "explain technical issues in very simple terms" and for his "encyclopedic knowledge of the subject matter." He advises a range of clients on gift, charitable planning and estate matters.

William Zabel of Schulte Roth & Zabel LLP "is a legend and a truly remarkable practitioner," according to sources. "What he brings to his client is so unique - from simple to sophisticated clients." He is noted for his particular expertise in representing investment fund principals.

Jones Perry of Shearman & Sterling LLP is a well-regarded practitioner handling cross-border and pre-immigration tax matters, trust and estate planning, and issues relating to charitable foundations.

Laura Twomey receives praise from clients, who enthuse: "She is excellent, very proactive and smart, always delivers excellent advice that is timely, and we can always count on her to come up with great solutions." She heads the personal planning practice at Simpson Thacher & Bartlett LLP.

St Louis-based Charles Redd of Stinson Leonard Street LLP is well regarded for his extensive experience in the field. He handles a broad range of planning and administration work as well as probate litigation.

Based in Atlanta, Nikola Djuric of Sutherland Asbill & Brennan LLP is appreciated by clients for his estate planning skills: "He is very quick, communicates very well to laymen and is very good about explaining the issues."

Douglas Siegler of Sutherland Asbill & Brennan LLP has "one of the strongest generation-skipping transfer tax practice," according to sources. He is also well equipped to advise clients living outside the USA, or clients who have family who are non-US citizens, on US tax planning.

Lawrence Katzenstein is based in Thompson Coburn LLP's St Louis office and specializes in estate planning and tax-exempt organizations. He has earned a solid reputation in the field.

Michael Kavoukjian chairs the global private client practice at White & Case LLP, splitting his time between New York and Miami. Clients seek him out for his international planning expertise and appreciate his "very business-savvy approach and business-friendly solutions."

Winthrop Rutherfurd is based in White & Case LLP's New York office and has more than 35 years of experience in trust and estate planning. His clients include wealthy individuals and families, trusts and charitable organizations.

Foreign Experts

Foreign Experts are individuals with expertise in a different jurisdiction to the one they are based in. These individuals are particularly highly regarded for international and cross-border work. Usually, they will be identified in the jurisdiction in which they are based and in their country of expertise.

Senior Statesman

A 'Senior Statesman' is a lawyer who no longer works hands-on with the same intensity but who, by virtue of close links with major clients, remains pivotal to the firm’s success.

Eminent Practitioners

'Eminent Practitioners' are highly influential lawyers in a particular practice area who, due to managerial or client relationship commitments, are less active in day-to-day work but remain key players in the team.

Other Noted Practitioners

Other Noted Practitioners are individuals who have not yet been ranked but are seen to be active and accomplished in this area of law.

Other Noted Firms

Other Noted Firms are firms that have not yet been ranked but are seen to be active and accomplished in this area of law.