Managing the transfer of wealth to others and balancing the needs of different beneficiaries with the complexity of the tax system can be a challenging task. Ropes & Gray's Private Client Group has deep expertise with the planning and implementation of structures and strategies for passing wealth to successive generations and other beneficiaries in a tax efficient manner.
You have a variety of gifting strategies and wealth transfer tools that can help you distribute your assets to your family and other beneficiaries. Some of these strategies use valuation and leveraging techniques to shift future appreciation to other family members. Other strategies integrate charitable planning with the goal of providing income or transferring assets to your family. A third set of strategies focuses on efficient planning with specific assets such as life insurance and real estate. Other techniques focus on a particular objective such as the financing of your family’s higher education needs.