dcsimg Private Wealth Services

Private Wealth Services

McGuireWoods LLP’s private wealth services team is focused on the unique needs of high net worth clients, providing comprehensive service to private clients across the globe. The depth and breadth of our experience, our presence in strategic domestic and international markets, and our dedication to shaping the wealth services landscape allow us to serve clients efficiently and effectively.

Private Wealth Services Team Overview

Our Private Wealth Services experience includes the following:

  • Tailoring estate plans to the needs of family members in all generations
  • Developing creative and effective techniques to transfer wealth on a tax-efficient basis even as the laws change
  • Advising clients on succession issues in family businesses
  • Drafting pre-nuptial and post-nuptial agreements and assisting in all aspects of marital dissolutions
  • Helping clients with asset-protection strategies, both onshore and offshore
  • Advising on cross-border tax issues
  • Assisting corporate executives in minimizing taxes
  • Creating charitable foundations
  • Helping clients establish and operate family offices and private trust companies

Members of the private wealth services group are active in developing and analyzing the estate planning, tax, family law, and probate issues affecting clients. At the national level, our lawyers contribute to the formation of tax policy by participating in the development of legislation, regulations and groundbreaking rulings, and often publish articles concerning trends and changes in the law. We are well positioned to serve local and national needs involving effective planning, aggressive prosecution of tax and fiduciary controversies, and resolution of policy matters at all levels.

Chambers, the international rating service for attorneys, has ranked the Private Wealth Services Group as one of the top wealth management legal practices in the United States for several years, and has specifically highlighted the capabilities of Ronald D. Aucutt, Dennis I. Belcher, Charles D. "Skip" Fox IV and John B. O’Grady. According to Chambers:

“This firm is much admired for the depth and breadth of its private client practice. Clients truly appreciate the firm's particular attention to client service as well as the extensive knowledge offered by its superb team.”

Chambers’ rankings are based on thousands of interviews of clients and legal peers conducted by a team of more than 50 full-time researchers. The greatest weight in the interviewing process is placed on the views of clients. The qualities on which law firms and individual practitioners are assessed include technical legal ability, professional conduct, client service, commercial astuteness, diligence, commitment, and other attributes most valued by the client.

See the following practice areas for more information:

  • Estate Planning
  • Family Businesses and Family Offices
  • Fiduciary Advisory Services
  • Fiduciary Litigation
  • International Wealth Management and Tax
  • Nonprofit and Charitable Advisory Services
  • Tax Policy Counseling
  • Trust and Estate Administration

CONTACTS

Ronald D. Aucutt Partner T: +1 703 712 5497
Dennis I. Belcher Partner T: +1 804 775 4304
Charles D. Fox IV Partner T: +1 434 977 2597
Results 1-20 of 91
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RESULTS DEPEND ON A VARIETY OF FACTORS UNIQUE TO EACH CASE. PRIOR RESULTS DO NOT GUARANTEE OR PREDICT A SIMILAR OUTCOME.

Representative Matter

Lawyers and accountants

Assisted lawyers and accountants nationwide in obtaining difficult rulings, audit results, or other favorable outcomes from the Internal Revenue Service.
Representative Matter

Major trade organization

Represented major trade organization in a variety of projects including teaching at national trust and graduate trust schools, preparing and updating instructional books and on-line instructional materials, conducting monthly teleconferences for trust professionals for over ten years, conducting webinars, and presenting on different topics at national meetings.
Representative Matter

Major trade organization

Advised major trade organizations on tax issues affecting banks and trust companies in the fiduciary income tax and estate, gift, and generation-skipping tax areas.
Representative Matter

Four generations of family members

Represented four generations of family members in estate planning, estate administration, trust administration, investment management, construction projects, real estate issues, alternative energy issues, family business succession, charitable giving and other matters for over 30 years.
Representative Matter

Trustee

Obtained permission from the IRS to file a Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent, after its January 17, 2012, due date.
Representative Matter

High net worth individuals

Assisted in the formation of private trust companies despite the lack of Treasury-IRS guidance.
Representative Matter

Bankers association

Presentation of annual seminar for regional bank association on estate and gift tax issues
Representative Matter

Privately owned bank

Provide advice on appropriateness of investments in particular private equity funds
Representative Matter

Trust operations of a mid-size bank

Performed a variety of services for trust operations of a mid-size bank in the mid-Atlantic Region.
Representative Matter

Diversified financial services provider

Advice on environmental compliance policies of corporate trust department
Representative Matter

Provider of asset administration and trust and fiduciary services

Contributed to the prevention of the issuance of overly burdensome Treasury or IRS guidance through public and private participation in the comment process.
Representative Matter

High net worth individuals

Obtained an IRS letter ruling allowing a conversion of a marital trust to a “unitrust” measuring the annual payout by a graduated scale of percentages of value, elaborating the standard in the regulations.
Representative Matter

High net worth individuals

Obtained an IRS letter ruling favorably addressing the overlap between the charitable and marital estate tax deductions in a sophisticated flexible estate plan.
Case Study

McGuireWoods obtains denial of injunction in asian carp case

McGuireWoods recently represented a coalition of Illinois business trade associations in challenging the efforts of other Great Lakes states to obtain an injunction to force the U.S. Army Corps of Engineers to close the Chicago locks as a means to halt the migration of Asian carp into the Great Lakes.

Case Study

McGuireWoods represents the Civil War Preservation Trust in partition suit

McGuireWoods tried a partition suit in Amelia County, Va., Circuit Court for the Civil War Preservation Trust. The trust sought to acquire outstanding interests in property it had purchased in Amelia County. The entire tract will be donated to the Commonwealth of Virginia to enlarge the Sailor's Creek Battlefield Historical State Park. The firm represented the trust on a pro bono basis.

Representative Matter

Trustee

Obtained letter rulings from the Internal Revenue Service to facilitate the division, reformation, or early termination of long-term trusts with assets valued in excess of $100 million.
Representative Matter

Individual Estate

Obtained a series of favorable letter rulings from the Internal Revenue Service to facilitate the termination of a long-term trust and its succession by a limited liability company, in order to continue intact a business with assets valued in excess of $1 billion.
Representative Matter

High net worth individuals

Obtained an IRS letter ruling elaborating the exception in the regulations from the special valuation rules applicable to stock repurchase agreements when less than half of the stock is owned by family members.
Representative Matter

Public charitable organizations and fiduciaries

Represented public charitable organizations and fiduciaries in connection with suit to construe bequest or trust provisions for the benefit of the charitable organizations.
Representative Matter

Personal representatives

Represented personal representatives against claim in improper sale of business valued at more than $500 million.
Results 1-20 of 91
Results 1-25 of 38
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Hed Amitai Hed Amitai
Partner
11 Pilgrim Street
London EC4V 6RN
United Kingdom

T: +44 20 7632 1609
F: +44 20 7632 1638
vCard
Ronald D Aucutt Ronald D. Aucutt
Partner
1750 Tysons Boulevard
Suite 1800
Tysons Corner, VA 22102-4215

T: +1 703 712 5497
F: +1 703 712 5286
vCard
Michael H Barker Michael H. Barker
Associate
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 1679
F: +1 804 698 4675
vCard
Dennis I Belcher Dennis I. Belcher
Partner
One James Center
901 East Cary Street
Richmond, VA 23219-4030

1750 Tysons Boulevard
Suite 1800
Tysons Corner, VA 22102-4215

T: +1 804 775 4304
F: +1 804 698 2012
vCard

T:+1 703 712 5324
F: +1 703 712 5050

Lucius H Bracey Jr. Lucius H. Bracey Jr.
Counsel
Court Square Building
310 Fourth Street, N.E.
Suite 300
Charlottesville, VA 22902-1288

T: +1 434 977 2515
F: +1 434 980 2252
vCard
William F Branch William F. Branch
Attorney
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 7869
F: +1 804 775 1061
vCard
Herbert H Browne Jr. Herbert H. Browne Jr.
Counsel
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 343 2043
F: +1 704 444 8713
vCard
Benjamin S Candland Benjamin S. Candland
Associate
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 1047
F: +1 804 225 5341
vCard
Keonna Carter Keonna D. Carter
Associate
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 7848
F: +1 804 698 2227
vCard
Anitra T Cassas Anitra T. Cassas
Partner
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 4727
F: +1 804 698 2000
vCard
Caroline C Cecchini Zonabend Caroline C. Cecchini Zonabend
Associate, Advokat (Sweden)
11 Pilgrim Street
London EC4V 6RN
United Kingdom

T: +44 20 7632 1610
F: +44 20 7632 1638
vCard
Milt Cerney Milton Cerny
Counsel
2001 K Street N.W.
Suite 400
Washington, DC 20006-1040

T: +1 202 857 1711
F: +1 804 698 2278
vCard
Douglas W Charnas Douglas W. Charnas
Partner
2001 K Street N.W.
Suite 400
Washington, DC 20006-1040

T: +1 202 857 1757
F: +1 202 828 2980
vCard
Adam M Damerow Adam M. Damerow
Associate
77 West Wacker Drive
Suite 4100
Chicago, IL 60601-1818

T: +1 312 849 3681
F: +1 312 698 4553
vCard
W. Birch Douglass III W. Birch Douglass III
Counsel
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 4315
F: +1 804 698 2043
vCard
Charles D Fox IV Charles D. Fox IV
Partner
Court Square Building
310 Fourth Street, N.E.
Suite 300
Charlottesville, VA 22902-1288

T: +1 434 977 2597
F: +1 434 980 2280
vCard
Kurt A Friesen Kurt A. Friesen
Associate
Court Square Building
310 Fourth Street, N.E.
Suite 300
Charlottesville, VA 22902-1288

T: +1 434 977 2585
F: +1 434 980 2265
vCard
Meghan L Gehr Meghan L. Gehr
Associate
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 4714
F: +1 804 698 4676
vCard
Anders O V Grundberg Anders O. V. Grundberg
Senior Counsel
11 Pilgrim Street
London EC4V 6RN
United Kingdom

T: +44 20 7632 1604
F: +44 20 7632 1638
vCard
Kristen Frances Hager Kristen Frances Hager
Partner
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 1230
F: +1 804 698 2071
vCard
William M Long William M. Long
Partner
77 West Wacker Drive
Suite 4100
Chicago, IL 60601-1818

T: +1 312 750 8916
F: +1 312 920 6591
vCard
E Graham McGoogan Jr. E Graham McGoogan Jr.
Partner
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 343 2046
F: +1 704 444 8754
vCard
Michele A W McKinnon Michele A. W. McKinnon
Partner
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 1060
F: +1 804 698 2115
vCard
Leigh B Middleditch Jr. Leigh B. Middleditch Jr.
Counsel
Court Square Building
310 Fourth Street, N.E.
Suite 300
Charlottesville, VA 22902-1288

T: +1 434 977 2543
F: +1 434 980 2267
vCard
J'lene Mortimer J'lene C. Mortimer
Associate
1750 Tysons Boulevard
Suite 1800
Tysons Corner, VA 22102-4215

T: +1 703 712 5062
F: +1 703 712 5294
vCard
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Event

What You Do Not Know Can Hurt You

Issues Confronting Professional Fiduciaries

Tuesday, October 7, 2014
Chicago, IL
Event

12th Annual Nonprofit Seminar - Charities: More Change on the Horizon?

September 10 (Charlotte, NC), September 30 (Richmond, VA) and October 9 (Charlottesville, VA)
Speaking Engagement

IRS Trustee Fee Unbundling Rule: Will You Be in Compliance?

Tuesday, August 5, 2014
Event

Deficits, Debt and Deductions

Will You Be at the Table or on the Menu for the Tax Reform Debate?

September - December 2013
McGuireWoods Offices
Event

New Developments in Tax and Wealth Planning

Complimentary Program

Wednesday, October 30, 2013
Richmond, VA
Speaking Engagement

Colleges and Universities: Legal Issues in the Halls of Ivy

October 24-25, 2013
New York, NY
Speaking Engagement

Tax Issues for Health Care Organizations

October 20-22, 2013
Arlington, VA
Event

11th Annual Nonprofit Seminar: Best Practices in Nonprofit Management

September 18; October 15 and 29, 2013
Charlotte, NC; Richmond and Charlottesville, VA
Speaking Engagement

Charitable Planning in 2013

After the American Taxpayer Relief Act of 2012

February 6, 2013
Teleconference/Webinar
Speaking Engagement

The USC Gould School of Law Tax Institute

January 28-30, 2013
Los Angeles, CA
Speaking Engagement

16th Annual Charitable Planning Seminar

Mirror, Mirror on the Wall, What Is Happening to the Estate Tax in 2013 – If at All?

January 25, 2013
Dallas, TX
Event

Post-Election Teleconference

Estate and Gift Tax Planning for 2012 and 2013

November 7, 2012
Event

New Developments in Tax and Wealth Planning

October 24, 2012
Richmond, VA
Event

10th Annual Nonprofit Seminar: Regulatory and Legal Challenges Facing Nonprofits

September 25, October 9 & 16, 2012
Charlottesville, VA and Charlotte, NC
Event

9th Annual Nonprofit Seminar

The Impact of Tax and Economic Challenges on Nonprofits

October 2011
Richmond, VA, Charlottesville, VA, and Charlotte, NC
Results 1-20 of 28
Results 1-20 of 268
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Article

Application Blues and Lack of Timely Guidance

EO Tax Journal
June 11, 2014
Publication

Analysis and Recommendations Regarding Unrelated Business Income Tax Compliance of Colleges and Universities

2014 Report of Recommendations
June 11, 2014
Milton Cerny, IRS Advisory Committee on Tax Exempt and Government Entities (ACT)
Legal Alert

Recent Cases of Interest to Fiduciaries

June 4, 2014
Publication

State Death Tax Chart

June 2014 (revised)
Publication

Estate Tax Changes Past, Present and Future

McGuireWoods LLP
May 2014 (updated)
Legal Alert

Portability Election Made Easier for Estates of Decedents Who Died Before 2014

Executors of Decedents Who Die in 2014 or Later Are Still Subject to Stricter Time Limits

January 28, 2014
Legal Alert

A Nonprofit Buyer’s Guide to Cyber Insurance

December 13, 2013
Results 1-20 of 268