Our Private Clients practice is dedicated to assisting high-net-worth individuals and families with the accumulation, management and transfer of personal wealth, as well as advising the financial institutions that serve these clients. Our services include management and succession planning for closely-held businesses, domestic and international tax planning, corporate finance and restructuring, estate planning and transfer of wealth, estate administration, compensation and retirement planning, fiduciary litigation, and a wide range of services to fiduciaries and charitable organizations.
Tax and Estate Planning: We develop estate plans to ensure the orderly and tax-efficient transfer of assets, including advising multigenerational family situations. Working closely with clients' professional advisors—trust officers, investment advisors, accountants and insurance planners—our lawyers manage and transfer assets. We also provide estate and trust administration services and advise on post-mortem tax planning.
Closely-Held Business Tax Planning: Providing domestic and international tax planning for closely-held businesses, we help owners navigate the complex tax issues endemic to these entities. Our clients include families who control many of the world’s largest multinational companies in Europe, Latin America and Asia, whom we advise on income and estate tax issues that characterize these entities and help with plans for the orderly and tax-efficient disposition of such assets to succeeding generations.
Domestic and Offshore Tax and Estate Planning: Our lawyers represent US and non-US individuals on domestic and offshore tax and estate planning, setting up domestic and offshore trust vehicles and working with banking institutions in Bermuda, the British Virgin Islands, the Cayman Islands, the Bahamas and the Island of Jersey, among others. The Firm also represents individual clients on audits of their tax returns on issues involving domestic income, gift, and estate taxes.
Trust and Estate Administration and Dispute Resolution: We undertake the administration of complex trusts and estates, preparing probate documents, fiduciary accountings, and estate and fiduciary income tax returns for our clients and, when necessary, handling related litigations such as Will contests, contested accountings and/or tax controversy matters. Representative matters include a case of first impression involving the inheritance rights of children conceived by in vitro fertilization and the defense of a large estate against multiple claims from the decedent’s spouse and children.
Business Counseling: Because business considerations are closely linked to personal tax and estate planning for owners of closely-held businesses and families who control substantial assets, White & Case advises on a broad range of management issues including succession planning, corporate finance, stock holdings, restructuring and ongoing management.
Compensation and Retirement Planning: We assist senior executives with employment contracts, compensation arrangements and agreements, golden parachutes and stock option plans, as well as on retirement planning. We also advise on compensation issues in the context of corporate transactions.
Charitable Organizations: The Firm advises foundations, endowments and tax-exempt organizations on their operations, including investment transactions. We have worked with over 100 foundations on such issues as investments, grants, financing transactions, tax, and operations. We also help charities to structure innovative planned-giving arrangements.
Fiduciary Services: We provide a variety of advisory, compliance, and dispute resolution services to both the institutional and private-client areas of bank trust departments and trust companies. We also advise our institutional clients that are ERISA plan sponsors on employee retirement plans. In addition to supporting their day-to-day fiduciary activities, we also work with our institutional clients to develop new products and services for their private client customers.