Tax & Business Planning

Tax Planning & Business Planning is often a companion of estate planning. As a firm, we have numerous business and professional clients who need sound tax advice, along with the creation of business entities when things are going well, or the dissolution of those entities when things have not worked out. Also, passing a business on to the next generation involves careful consideration of the total structure of the plan which may include various forms of trusts and gifting of business interests in the form of family limited partnerships, limited liability companies, S corporations and/or C corporations. Our tax practice includes the creation of 501c(3) charitable foundations and planning with conservation easements, as well as dealing with foreign nationals and international tax planning.

Our recent cases have involved preparing an estate plan compliant with international treaties for a married couple with children, one a U.S. Citizen and the other a German citizen relocating from professional jobs in Europe to new positions in Southeast Asia; completing a complex estate, tax, and asset protection plan for clients with a $15 million estate; creating a business succession plan for clients with a major regional auto collision and classic car restoration business; working with a client’s trustee and business partners to secure and restructure $14 million in business debt for a major commercial real estate project; completing a $2.1 million sale and gift of a conservation easement for a cranberry bog; completing the sale and gift of a $1.1 million conservation easement in Touisset, Rhode Island; completing a gift of a conservation easement and a subdivision and sale of land in Assonet, Massachusetts along with tax planning for family property dating to the American Revolution; securing tree farm status and conducting tax planning and estate planning with a family limited partnership and irrevocable trusts for a client owning a major homestead in Plymouth County, Massachusetts dating back to the Pilgrims; completing estate tax plans for a dozen lottery winners with $1 million to $75 million in winnings; obtaining 501c(3) tax exempt status for various charitable organizations including scholarship funds and volunteer fire departments; and completing an estate tax plan and assisting with a 1031 tax exchange for clients restructuring their retirement income stream.