Dechert offers personal estate planning advice and financial and tax planning services to high net worth individuals as well as the corporate and individual trustees, executors, personal representatives, and other fiduciaries who serve them.
We advise executors and beneficiaries of estates on a wide array of tax and property issues related to estate administration. In addition, we represent executors and beneficiaries in family settlement agreements, will contests, and surcharge actions. Our services are highly professional, innovative, efficient, and sensitive to each client’s particular needs.
Tax and Estate Planning
At Dechert, we combine sophisticated estate planning skills with international resources to promote our clients’ interests in even the most complicated matters.
We design individual estate plans and lifetime gift programs utilizing wills, lifetime and testamentary trusts, living wills, and medical and general powers of attorney. We also help clients plan for family business succession, advising them on buy-sell agreements, family limited partnerships, limited liability companies, recapitalizations, and employee stock ownership plans.
Dechert lawyers are highly experienced in settling decedents’ estates, including U.S. and non-U.S. estates with multijurisdictional assets. We advise executors and beneficiaries of estates on tax planning and help them prepare family settlement agreements, will contests, and surcharge actions.
Setting Up Trusts
We help U.S. and non-U.S. trustees and beneficiaries transfer wealth efficiently through lifetime and testamentary trusts designed to minimize tax exposure. In addition, we set up trusts to manage the funds of minors or disabled persons, provide trust administration and accounting services, and represent clients in trust construction and surcharge actions.
Contributing to Charities
We structure charitable giving programs that serve our clients’ long-term tax and estate planning goals as well as important philanthropic objectives. Other services include advising on the formation and administration of private foundations and other nonprofit entities and on the trust, nonprofit corporation, and tax laws affecting charitable entities.
Our international private client practice encompasses matters in which one or more family members reside in or are nationals of a non-U.S. country or have significant assets abroad.
Dechert lawyers create offshore trusts for U.S. beneficiaries as well as specialized offshore charities and advise offshore corporate trustees on the challenges presented by recently enacted U.S. tax reporting rules relating to foreign trusts. We also have considerable experience settling estates with property in multiple jurisdictions.