McGuireWoods’ private wealth services team represents five of the wealthiest families in America. Our clients also include international entertainers, professional athletes, banks and other businesses, executors and trustees, and nonprofits. That depth and breadth of experience has led to repeated recognition in Chambers’ High Net Worth Guide as a top firm for wealth management, with 11 of the firm’s lawyers singled out for honors.
Our presence in strategic domestic and international markets and dedication to shaping the wealth services landscape allow us to serve clients efficiently, effectively and globally. The PWS team:
Our lawyers contribute to the formation of U.S. tax policy by developing legislation and regulations. We serve local and national needs involving effective planning, advice to individual and corporate fiduciaries, aggressive prosecution of tax and fiduciary controversies, and resolution of policy matters at all levels. We represent clients in groundbreaking tax and fiduciary rulings and our global private client team provides families, family offices and the financial institutions that serve these groups access to a broad spectrum of legal services tailored to their unique needs.
McGuireWoods’ PWS partners are sought-after thought leaders and frequently serve in leadership roles for pre-eminent organizations, such as the American College of Trust and Estate Counsel (ACTEC), the International Academy of Estate and Trust Law, and the American Bar Association’s Section of Taxation.
“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’ High Net Worth Guide
Representation of unitrust beneficiaries in the commutation of charitable remainder trusts and IRS filings associated with acts of self-dealing resulting from overpayment.
Obtained favorable private letter ruling on behalf of trustee to facilitate a settlement among feuding beneficiaries.
Represented public charitable organizations and fiduciaries in connection with suit to construe bequest or trust provisions for the benefit of the charitable organizations.
Represented personal representatives against claim in improper sale of business valued at more than $500 million.
Defended personal representative against claims of undue influence and fraud.
Recent Cases of Interest to Fiduciaries
August 12, 2019
State Death Tax Chart
July 2019 (revised)
Special Care for Special Dollars: Endowments and Restricted Funds
July 18, 2019
North Carolina Revenue Department Sets Deadline to Claim Refunds Under Kaestner
July 9, 2019
Connecticut Adopts Self-Settled Asset Protection Trust Legislation
June 25, 2019