Private Wealth Services
Our clients include closely-held and national business organizations; professional practices; and not-for-profit and religious entities.
THE SUCCESS OR FAILURE of most legal structures designed for high-net-worth individuals and families, including Family Limited Partnerships, Corporations, Trusts, Charitable Foundations and other entities, whether designed for tax savings, creditor protection or otherwise will depend not only on the original documents creating those structures, but more often than not, on the proper implementation of the entity's operations and respect for the formalities of the legal structure.
Vishnick McGovern Milizio's Private Wealth Services Group guides and assists wealthy families in employing necessary formalities. Among the services offered are quarterly "check-ups" to monitor the family's implementation of complex estate planning structures. Please contact us to learn more about how Vishnick McGovern Milizio can help your family continue to prosper and meet its various planning and compliance needs.
ESTATE PLANNING
- Documentation of Annual Gifts
- Monitor Family Loan Payments and Loan Forgiveness
- Monitor Timing of Annuity Payments for GRATs, and Private Annuities
- Allocate Generation Skipping Transfer Tax Exemptions
- Document Inter-Family Loans
- Monitor Activities to Ensure Qualification for Estate Tax Deferral Under Code 6166 and Other Estate Tax Relief Provisions
- Consider Change of Trust Domicile
- Prepare Crummey Notices
- Periodic Trust Accountings
- Prepare Post QPRT Leases and Monitor Lease Payments
PHILANTHROPIC PLANNING
- Monitor Timing of Annuity Payments for Charitable Remainder Trusts
- Monitor Timing of Charitable Lead Trust Payments
- Document Minutes, Resolutions and Meetings for Proper Governance of Charitable Foundations
- Monitor Required Annual Grants from Charitable Foundations
- Document Expenditure Responsibility Activity
- Document Grant Making Procedures
CORPORATE/PARTNERSHIP GOVERNANCE
- Monitor Succession Plans
- Monitor Shareholder and Partnership Agreements
- Update Buy-Out Valuations
- Monitor Adherence to Corporate/Partnership Structure
- Document Minutes, Resolutions and Meetings for Governance of Closely-Held Corporations, Family Limited Partnerships and LLCs
- Monitor Ownership and Use of Family Limited Partnership and LLC Assets
CREDITOR PROTECTION/LITIGATION AVOIDANCE
- Prepare and Monitor Compliance of Pre and Post Nuptial Agreements
- Issues related to divorce and privacy
- Review Employment Issues (e.g., Discrimination, Worker's Compensation, Employee Handbooks)
- Prepare and Monitor Compliance With Non-Disclosure Agreements
- Monitor Trust Governance
- Monitor Corporate, Limited Partnership and Limited Liability Company governance to Prevent "Veil Piercing"
Our attorneys who specialize in this area:
Morris Sabbagh, Esq.
516.437.4385, ext. 120
Msabbagh@vmmlegal.com
Bernard McGovern, Esq.
516.437.4385, ext. 113
Bmcgovern@vmmlegal.com
John P. Gordon
516.437.4385, ext. 143
JGordon@vmmlegal.com
Michael D. Humphrey, Esq.
516.437.4385, ext. 129
Mhumphrey@vmmlegal.com