Practice Areas

Wealth Preservation Planning

What are some of the Complexities in Planning for High Net Worth families?

Families with significant assets face more difficult choices and considerations than less wealthy families. For example, those with a business may pass the ownership to one child, meaning that creative ways are needed to distribute wealth equitably to others. Other families may want to explore how to successfully leave their wealth to children rather than an ex-spouse in the event of a divorce. Still, others are balancing minimizing taxes and maximizing inheritances while still giving back to their communities. 

Michael Greenberg is experienced with sophisticated legal and planning tools for asset protection, while also mindful of the complex emotions and dynamics surrounding money in families. He will take as much time as needed to explore the complexities of your situation and devise a fair solution that takes into consideration the needs of all parties and the best options among the sophisticated wealth transfer tools available. He helps you balance socially responsible wealth transfer vs. wealth preservation and considerations during your life vs. afterward. He will also work closely with others on your advisory teams, such as financial planners and accountants.

Exploring Your Needs and Wishes

Wealth Preservation Services

Grey Building

Key elements of a Wealth Preservation solution often include:

  • Long-term dynasty trusts 

  • Spousal Lifetime Access Trusts (SLATs)

  • Grantor Retained Annuity Trusts (GRATs) and Grantor Retained UniTrusts (GRUTs) 

  • International estate planning

  • Creation of private foundations

  • Creation of a Family Limited Liability Partnerships (FLPs)

  • Charitable trusts, including Charitable Remainder Trusts and Charitable Lead Trusts 

  • Generation-skipping transfer tax planning

  • Business succession plans

  • Using life insurance as a planning tool 

  • Gifting and donation plans for art or other valuables

 

Would you like to talk with an attorney who is both expert and sensitive about asset protection issues? Contact Michael Greenberg, who will gladly meet with you in a complimentary 45-minute working session. 

Grandma and Grandchild in Embrace