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 estate planning documents, including:
Business Succession Planning
In formulating an estate plan, a family business is often the most valuable asset. McNees has a long history of representing business owners and entrepreneurs. Our firm has spanned generations, and so 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 coordinate 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 attorneys and paralegals provide efficient and cost-effective representation to executors and work with the executors’ other professional advisors to gather and value estate 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 income tax planning, interpretation of trust agreements, and 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, acquisition and maintenance of tax-exempt status, joint ventures with for-profit entities, and internal governance issues. We represent charities in fundamental transactions, such as mergers and asset sales, that involve the often-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.