Our attorneys work with clients and their other professional advisors to develop customized estate plans that reduce taxes, preserve assets, and carry out legacies. We are experienced in preparing:
Business Succession Planning
For many estate planning clients, their family business is their most valuable asset. McNees has a long history of representing business owners and entrepreneurs. Our firm has spanned generations, and so too has our succession planning practice.
Recognizing that succession planning is a complex process involving tax planning, legacy planning, and family dynamics, we believe that a team approach delivers the best result to the client. Our attorneys therefore work with members of the firm’s other practice groups as well as the client’s other professional advisors to deliver a superior planning result. Our work in this area includes:
Estate and Trust Administration
McNees has significant experience in estate and trust administration matters. Our team of attorneys and paralegals provide efficient and cost-effective representation to executors. We work with the executor and the executor’s other professional advisors to gather and value assets, pay debts, and prepare federal estate tax returns and Pennsylvania inheritance tax returns.
Many estate plans involve trusts, and our attorneys work with corporate and individual trustees and beneficiaries to advise them on their rights and responsibilities. These services include interpreting trust agreements, income tax planning, and the preparation of Non-Judicial Settlement Agreements.
Our attorneys represent a wide variety public charities and private foundations, including educational institutions, hospitals, social welfare organizations, community foundations, and trade associations. We provide advice on formation, obtaining and maintaining tax-exempt status, joint ventures with for-profit entities, and governance issues. We are experienced in representing charities in fundamental transactions, such as mergers and asset sales, that involve the complex interaction of federal tax laws and state laws governing non-profit entities.
We represent executors, trustees, and beneficiaries in all facets of litigation, including trials, injunction proceedings, arbitrations, and mediations. Our experience includes defending and prosecuting surcharge actions, Will contests, elective share claims, guardianships, cy pres matters for charitable organizations, and proceedings to interpret and reform Wills and trust agreements.