Trusts and Estates
Reinhart Boerner Van Deuren’s Trusts and Estates Practice navigates the intersection between business and family to help our high-net-worth clients build and preserve wealth. We maintain a unique perspective advising high-net-worth clients whose wealth has been built from a successful business. Leveraging this understanding, we counsel individuals and corporations on matters across the continuum of trust law – from succession, estate and tax planning, to estate and trust administration. Throughout the process, we work with our clients to build wealth and preserve the legacy of the family and business.
Our attorneys are adept at working collaboratively with all parties involved in the planning and succession process, particularly multi-generational families. We understand and appreciate the human element involved in business decisions, whether the business maintains a successive family lineage or takes a different path.
Reinhart attorneys seamlessly partner with our clients’ other financial advisers – including accountants, financial advisors and insurance professionals – to develop a coordinated plan best suited for each individual client. We are able to assist our clients with the objective selection of investment providers – or, if our clients prefer, work seamlessly with the financial adviser they designate.
Our attorneys are accomplished at guiding our clients through the intricate stages of a business transition. We illustrate a clear path of succession or transition, distilling the complexity of the process for each client without losing sight of important considerations. We take the time to listen to and account for all of the client’s goals, and then execute the appropriate transactions and techniques for each individual circumstance.
Along the way, Reinhart’s Trusts and Estates attorneys leverage substantial experience and an approach grounded in active listening and flexible solutions to satisfy the needs of all individual stakeholders. We understand the sensitive nature of situations where business and family intersect, and we are skilled at navigating complex relationships.
Our attorneys frequently counsel on a broad range of trusts and estates law, and we have deep experience in the following matters:
- Counseling owners of closely held businesses on succession planning and related matters
- Drafting trust agreements, marital property agreements and other estate planning documents
- Advising individuals and trustees on estate, gift and tax planning and asset protection planning
- Forming and advising charities, both public and private
- Representing trustees on matters of routine trust administration, as well as contested matters
Advanced Business Succession Planning
Develop and implement a gifting program to transfer nonvoting S corporation stock via grantor retained annuity trusts and installment sales to intentionally “defective” trusts in order to minimize estate tax exposure upon the death of the senior generation and retain ownership of the business in the family.
Represent Trustees in many actions including: against a beneficiary who alleged breach of fiduciary duty; petitioning the Court to interpret the terms of a trust agreement and the administration of the same; termination of trusts and approval of accounts.
Individual Charitable Planning
Create charitable trusts and private foundation to assist client in maximizing the value of assets transferred to charities and the tax deductions available for the same.
Representing Charitable Entities
Work with public and private charities to help them best fulfill their charitable objectives, including preparation of fiduciary accountings and tax returns and assistance with other gift administration services.
U.S. News – Best Lawyers® highly ranks Reinhart Boerner Van Deuren s.c. (Reinhart) in numerous practice areas within Wisconsin and nationally in the recently released 2017 “Best Law Firms” listings.
The people who run Madison businesses should draft a tailored POA for health care when they discuss business succession planning, says Reinhart’s Greg Monday.
Five Star Professional has named John Herbers and Wendy Rusch as Five Star Estate Planning Attorneys.
We live in a digital world where technology is constantly advancing in an effort to make our lives easier; however, our increasing reliance upon digital property such as email, data stored in smart devices, online purchasing and storage accounts, blogs, and various social networking accounts makes it harder for fiduciaries to access the information they need to perform their duties after a loved one has died or become incapacitated. In 2016, the Wisconsin Digital Property Act was enacted to address the unique issues relating to a fiduciary’s access to digital property.
If we can predict nothing else, 2017 will be a year of change for our country with Tax Code revisions high on the agenda of the Trump administration. A significantly different tax landscape is anticipated, and this article reviews some of the most relevant Trump proposals as well as a few year-end tax strategies to consider.
The proposed regulations limit the ability to take valuation discounts in connection with certain intra-family asset transfers.
This event will provide first-hand insights into the unique challenges and opportunities facing family-owned businesses. During the panel discussion, local family-owned business leaders will discuss the risks and rewards of leading a business.