Families & Wealth Management

We advise families on wealth management and succession matters, as well as on transmission of family values and strengthening of family bonds.

Specifically:

  • We advise families in connection with sales of their businesses to unrelated third parties. See Mergers and Acquisitions;
  • We negotiate and draft plans for related party succession transfers, using cross purchase, stock redemption and buy-in agreements, as well IDGTs, FLPs and, where appropriate, ESOPs;
  • We design and implement plans for lifetime transfers of assets by means of FLPs, GRATs, charitable trusts, private foundations and similar structures; and
  • Acting as the family‚Äôs overall confidential advisor, we develop and assist in managing bespoke multi-generational interaction processes, designed to resolve conflicts, facilitate implementation of succession plans and strengthen family bonds.

We have also had occasion to advise multi-family offices in connection with their internal structure and issues arising from their wealth management work and interactions with the families.

Notable recent transactions include:

  • Designing and implementing a series of transactions resulting in a restructuring of a $300 million real estate business with the use of carefully designed pass-through entities and trusts with a contemporaneous estate planning-motivated transition of a portion of the ultimate ownership of the business to the next generation;
  • Designing a $75 million transaction involving a loan to a large dynasty trust and entities controlled by the trust's settlor; and
  • Designing and implementing a sale of a controlling interest in a manufacturing business and significant real estate assets to an IDGT.