Family Wealth Succession — Durable Governance, Compliant Structures

Design long‑term holding, management, and intergenerational transfer via wills, trusts, entities, and insurance to define who inherits, when, and how—with governance, risk segregation, and tax compliance to reduce disputes and protect privacy.

View Services & Process

Overview

Start with an asset/liability inventory (real estate, accounts, business interests, IP, insurance, retirement), map family structure and goals (education, entrepreneurship, philanthropy, pacing), and design a framework effective in life, incapacity, and death.

Baseline includes: will, Revocable Living Trust, financial power of attorney, and healthcare proxy/directive; then layer asset protection, tax, and philanthropy modules as needed.

Core Value: Efficiency, Privacy, Sustainability

Use trusts and beneficiary designations to reduce or bypass public probate; ensure seamless succession through successor trustees; and adopt purpose‑driven distributions (education/medical, staged/triggered) to align wealth with values.

Typical Tools and Scenarios

Revocable Living Trust (RLT): flexible during life; efficient, private transfer at death; ideal for multi‑state real estate or faster administration.
Special/Supplemental Needs Trust (SNT): protects vulnerable beneficiaries while preserving eligibility for benefits where possible.
Insurance Trust (ILIT) and SLAT: liquidity planning, risk segregation, and tax‑aligned cash‑flow design.
Family Entity (FLP/FLLC): centralized holding, governance optimization, entry/exit and gifting mechanics.
Philanthropic Vehicles (DAF/CRTs): align public‑good goals with incentives to extend family values.

Family Governance and Roles

Beyond who gets what, define who manages and how decisions are made. Consider a family charter, meetings/education, and successor development; clarify disclosures, major‑matter voting, conflict rules, and accountability.

Where business equity exists, align corporate bylaws, shareholder agreements, and board rules with trust terms for enforceability.

Tax and Asset Protection Notes

RLTs emphasize efficiency/privacy and typically do not reduce taxes or block creditors. Combine irrevocable trusts, marital agreements, insurance, and family entities for tax/asset goals—subject to federal/state rules and cross‑border differences.

Thresholds and exemptions change over time and may decrease; review regularly.

Interstate and Cross‑Border Considerations

Multi‑state real estate requires state‑specific transfer/probate paths; cross‑border families must consider tax residency, community vs. common law, reporting of foreign accounts/interests, and currency/foreign‑investment controls. Coordinate a local/international team.

How We Help

We start with goals and inventories to build a blueprint and role matrix; draft core documents (will, trust, powers), entity/shareholder points, insurance and philanthropy; provide funding checklists and templates; support deeds/notarization and banking; and deliver annual reviews and rapid updates.

Process & Timeline

1) Design; 2) Draft; 3) Execute; 4) Transfer/retitle/beneficiaries; 5) Maintain and review at life/tax changes.

FAQs

If I already have a family plan, do I still need a will?

Yes—keep a Pour‑Over Will to sweep small assets into the trust/family structure and avoid scattered probate.

How do we include real estate, bank, and brokerage accounts?

Real property by deed/transfer to trust/family entity; accounts by ownership change or beneficiary updates. We provide standard language and guidance.

How can we balance tax planning and asset protection?

Combine irrevocable trusts, family entities, insurance, and charitable tools; RLT alone is not a tax or creditor‑shield tool.

This page is general information, not legal advice; tailor to facts and state law.

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