dcsimg Family Business and Family Office Services

Family Business and Family Office Services

Many of McGuireWoods’ individual and family clients have sophisticated financial and personal interests that require special skills and focused attention by experienced legal advisors. Client holdings often include complex asset portfolios consisting of one or more private businesses, large blocks of public company stock, real estate (including personal residences and other assets often located in more than one country), aircraft, yachts, art and other property, the value of which they would like to maintain, maximize and ensure is being passed to subsequent generations in the most efficient manner possible.

No matter the needs and goals under consideration, our firm devises and implements practical and flexible plans to help ensure such needs and goals are met. We provide straightforward guidance to family businesses and family offices that helps them comply with the complex web of state, federal and international laws governing the taxation, management and transfer of private assets.

Family Businesses

A particular concern for most proprietors is the transfer of ownership and control of the family business from one generation to the next. Our firm assists in the formulation of arrangements to keep the business in the family. We take advantage of the latest technologies to help us more efficiently analyze alternatives and design the best plan for our clients.

In addition, our lawyers help with minimizing taxes through the integration of strategies such as valuation discounts and estate freezes. We also consider the impact of income, gift, estate and generation-skipping taxes, and help clients plan for immediate and long-term cash needs. We have substantial experience in designing techniques to withdraw cash from businesses to meet the family's requirements during the principal owner's life as well as at death.

Family Office Services

In today’s global economic environment, international investments are of special interest to family offices. These investments require careful attention and frequently are best made through special purpose entities formed by the family to acquire and own them. This type of ownership is particularly advantageous for assets located in a foreign country.

McGuireWoods’ family office practice offers advice relevant to specialized legal needs such as compliance with U.S. and foreign securities and immigration laws. With team members in our London, Brussels and U.S. offices, we have substantial experience working with families, family offices, and their various advisors throughout the world.

We assist numerous clients in establishing and maintaining cost-effective relationships with their advisors, and help family offices manage and minimize a range of legal and business risks. In addition, we advise our clients on mission statements and strategies, charitable foundations, and education of younger generations, as well as providing second opinions and legal audits.

CONTACTS

Ronald D. Aucutt Partner T: +1 703 712 5497
Dennis I. Belcher Partner T: +1 804 775 4304
Lucius H. Bracey Jr. Counsel T: +1 434 977 2515
William M. Long Partner T: +1 312 750 8916
Results 1-10 of 10

RESULTS DEPEND ON A VARIETY OF FACTORS UNIQUE TO EACH CASE. PRIOR RESULTS DO NOT GUARANTEE OR PREDICT A SIMILAR OUTCOME.

Representative Matter

Family businesses and family offices

Assisted client with gift and sale transactions to shift ownership of family business in a tax-efficient manner to a younger generation.
Representative Matter

Family businesses and family offices

Provided estate planning and tax advice to client to perpetuate the family’s control of an international business through the use of multigenerational trusts.
Representative Matter

Family businesses and family offices

Planned the sale of a business by the senior family member to a generation-skipping trust structured as a “grantor trust” to avoid gain on the sale.
Representative Matter

Family businesses and family offices

Drafted shareholder buy-sell agreements for siblings with restrictive transfer provisions to assure that stock in family business given by parents would not end up in outside hands.
Representative Matter

Family businesses and family offices

Assisted younger generation siblings in determining their future roles in a family business
Representative Matter

Family businesses and family offices

Assisted client and family business in acquisition and ownership of life insurance to provide liquidity for death taxes.
Representative Matter

Family businesses and family offices

Assisted client in structuring a family limited partnership to take advantage of valuation discounts for estate and gift tax purposes.
Representative Matter

Family businesses and family offices

Created a private family trust company to serve as the core component of a family’s family office.
Representative Matter

Family businesses and family offices

Assisted client in using family business assets and income to fund and support the family’s private charitable foundation.
Representative Matter

Family businesses and family offices

Formed a private family trust company to serve as the fiduciary for trusts for various family members living in several states.
Results 1-10 of 10
Hed Amitai Hed Amitai
Partner
11 Pilgrim Street
London EC4V 6RN
United Kingdom

T: +44 20 7632 1609
F: +44 20 7632 1638
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
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
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
Taylor Wedge French Taylor Wedge French
Partner
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 373 8037
F: +1 704 373 8838
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
Steven J Keeler Steven J. Keeler
Partner
Court Square Building
310 Fourth Street, N.E.
Suite 300
Charlottesville, VA 22902-1288

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

T: +1 434 977 2512
F: +1 434 980 2259
vCard

T:+1 703 712 5138
F: +1 434 980 2259

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
Philip J Newhouse Philip J. Newhouse
Partner
11 Pilgrim Street
London EC4V 6RN
United Kingdom

T: +44 20 7632 1677
F: +44 20 7632 1638
vCard
Richard Risino Richard LM Risino
Associate
11 Pilgrim Street
London EC4V 6RN
United Kingdom

T: +44 20 7632 1708
F: +44 20 7632 1638
vCard
William I Sanderson William I. Sanderson
Associate
2001 K Street N.W.
Suite 400
Washington, DC 20006-1040

One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 202 857 1743
F: +1 202 828 2961
vCard

T:+1 804 775 4717
F: +1 804 698 2212

Gino Zaccardelli Gino Zaccardelli
Partner
1750 Tysons Boulevard
Suite 1800
Tysons Corner, VA 22102-4215

T: +1 703 712 5347
F: +1 703 712 5241
vCard