Thompson Hine’s Personal and Succession Planning practice provides services to clients in four specific areas: personal estate planning, business succession planning, fiduciary services and philanthropy. Our work in these areas often involves matters that are sensitive, highly personal and extremely confidential.
We believe the starting point for personal estate planning is to understand a client’s concerns, goals and vision for his or her family. We listen to each client so that we understand any family dynamics and other matters that must be addressed in the transfer and management of the client’s wealth.
We understand that planning the succession of a business includes operational as well as tax and other legal concerns. We look to understand each business before using our knowledge of tax laws and legal structures so that the succession plan fits the unique characteristics of the business.
We know that fiduciaries often confront complex laws that apply to the administration of trusts and estates. We help fiduciaries navigate these complexities and prudently carry out their duties. When necessary, we help to resolve issues through private settlement agreements or judicial procedures in a cost effective manner. We look for solutions to legal issues to minimize legal complications.
We encourage philanthropy and know it is an important objective for many of our individual and business clients. Our clients seek our experience in matters of governance of nonprofit organizations and our knowledge of tax and other laws that apply to the administration and use of charitable resources.
Thompson Hine is committed to deliver client service excellence at every opportunity throughout an engagement, and we will plan our engagement with you to accomplish your objectives.
Our services in these areas are comprehensive and include:
- Creating wills and trusts of all kinds to carry out the tax efficient transfer and management of wealth, and other instruments that affect financial and health concerns.
- Designing and implementing strategies for the tax efficient transfer of business interests, and advising on other matters related to governance and management succession.
- Advising financial institutions and private fiduciaries in all matters that involve trust and estate administration and when necessary seeking recourse to our nation's courts to resolve disputes.
- Forming private nonprofit organizations for families and businesses, and advising on all legal matters concerning operations, governance and carrying out charitable objectives.
Treasury Department Proposes New Rules for Family Controlled Business Valuations - Personal & Succession Planning Update
August 10, 2016
July 28, 2015
January 03, 2013
December 17, 2010
Changes to the “Bright-Line” Residency Test - Tax Update
May 29, 2007