Private Client

Practice Areas
Team
Representative Clients
  • Individuals

  • Business Owners

  • Professionals

  • HNW Individuals and Families (U.S. and International)

  • Family Offices

  • Trust Companies

  • Private Banks

  • Law Firms

  • Accounting Firms

The Private Client Group draws upon the resources of the Tax Group and International Group and provides a range of services among several Practice Areas including Domestic Estate Planning, International Estate Planning, Private Client Tax, Estate & Gift Tax, Probate and Trust Administration, and Citizenship and Residency Planning. The Firm’s dedication to these disciplines embodies its focus on serving individuals and families for their estate planning requirements by delivering tailored solutions to challenging issues and situations.
 
Within the Private Client Group, we provide a range of services tailored to our clients’ objectives and needs. On Tax matters involving the Practice Group, the Firm’s attorneys approach tax cases with a vast array of experience in both the underlying legal concepts and the application of our knowledge and expertise in the context of advising HNW individuals and families. For those clients with international assets and/or planning requirements, our International Estate Planning Practice is skilled at advising on a wide range of complex cases and issues impacting both U.S. and international clients.


At its core, estate planning involves three fundamental elements: (i) the efficient transfer of assets, (ii) to the desired recipient, (iii) pursuant to the stated terms and conditions defined by the client.  Working from this “core” our services expand outward to build on these fundamental elements and meld the client’s specific goals with other business, family, economic, and jurisdictional concerns.

Individual Clients

For individual and families where estate taxation is less relevant, important planning considerations are addressed including:

  • planning to avoid probate,

  • planning for the transfer of wealth to desired recipients,

  • planning for the care and maintenance of minor children,

  • designating agents to act when there is an event or disability resulting in the incapacity of a client, and

  • ensuring that important charitable and philanthropic bequests are coordinated and properly funded.

For individual and families with larger and more complex cases, the basic foundational issues in estate planning are simply one part of a much larger process that generally involves significant analysis of detailed financial data and the delivery of comprehensive tax and strategic advice. Given our expertise and experience in working with high-net worth individuals and families we deploy a range of strategies to address the vast demands and requirements of these discerning clients including:

 

  • strategies in mitigating and planning for estate tax implications,

  • advice on addressing income tax concerns on a state and/or country level,

  • counseling on the design, implementation and administration of family governance structures,

  • advice on gifting strategies for substantial philanthropic purposes,

  • planning for the ownership and tax management of high-value assets and,

  • participation on global advisory teams overseeing the administration and management of expansive fortunes.

Institutional Clients

For institutional clients, our work is tailored to:

  • advice on particular trust structures, holding company issues and tax planning,

  • providing opinion letters on estate planning and income, estate and gift tax matters,

  • advice on best practices and protocols and the development of standardized procedures applicable to a broader client base,

  • case-specific diligence and opinions as to structures and transactions and,

  • educational programs for institutions, their staff and clients, on key U.S. income tax, estate tax, and estate planning knowledge points.

 

The professionals within our Private Client Group approach our work in these challenging practice areas armed with experience, enthusiasm and a command of a complex matrix of laws, cutting edge planning techniques and a profound understanding of the various issues facing individuals and families of wealth.

Representative Matters

Representative Matters Include:

  • Represented a HNW family on the design, implementation and management of a trust and entity structure for the ownership and succession planning for a $100+ million real estate portfolio.

  • Represented an individual tax resident and citizen of Japan regarding U.S. estate tax implications of her U.S. situs assets. The Firm’s work included an analysis of the U.S. – Japan Estate Tax Treaty, retention of and coordination with local Japanese counsel and creation, and execution of a comprehensive multi-jurisdictional estate plan to minimize estate and gift tax implications in both countries.

 

  • Represented a UHNW family based in Hong Kong in reviewing and updating an existing foreign trust structure comprised of discretionary beneficiaries including a U.S. Person. The Firm worked with local advisors on the tax planning, design, and implementation of a high-value private placement life insurance policy aimed at reducing U.S. income and estate tax on the death of the foreign grantor.

 

  • Advised the principals of a closely held business in a +$50 million asset sale through the design, implementation, and oversight of charitable trusts, resulting in a substantially reduced federal and state income tax liability on the closing of the transaction.

  • Advised a trustee on issues related to a potential conflict of interest and self-dealing matter involving a personal loan. The Firm coordinated accountings for the trust and worked with outside counsel to administer and close the trust to the satisfaction of its charitable beneficiaries without litigation or challenges.

 

  • Advised a professional trustee on matters regarding the recovery of assets from an Irish bank within the context of a California trust administration proceeding. The Firm coordinated with the bank and ultimately recovered the assets without litigation or the necessity initiate probate proceedings in the foreign country.

 

  • Advised the family of a prominent scientist and scholar on a sizable charitable donation to their long-time sponsor institute. The Firm also advised on the creation of an endowed chair in their name that was funded with a combination of the families’ financial commitment, the creation of a giving platform, and through the use of life insurance to ensure the success of the family’s long-term for the institute.

>>   

Teeple Hall, LLP understands the multi-faceted and multi-dimensional requirements of U.S. and International
high-net-worth individuals and families.

<<