All of us, at one time or another, need help planning for the future of our loved ones and our property. Yet, discussing personal information with a stranger, and trusting that person to provide guidance on private matters, can be unnerving. In addition, numerous questions surface, such as:
“How do I conserve my property for those I love?”
“How do I ensure the best outcome for my family?”
“How can I give my assets to my loved ones during my lifetime?”
“How can I make sure people and charities I care about receive what I intend to give?”
Finding a professional to speak with and trust, to help make certain your intentions will be honored both during your lifetime and after your death, provides tremendous relief.
Taft’s Private Client team provides peace of mind during the planning process.
We work closely and confidentially with our clients, forging lifelong relationships. Our clients depend on us, from birth to death, through marriage, family, and transitions in finances and businesses.
We support our clients, new and longstanding, with personalized counsel, comprehensive services, and care. Our services include:
- Estate Planning
Attorneys work with clients on a private and personal basis to help them pass their property to their families and to charities (private and public) both during lifetime and upon death. This personal planning takes into consideration estate, gift, generation-skipping transfer tax, and income tax issues, as well as non-tax planning issues, such as closely held businesses (including their succession), planning involving second marriages, and planning for special needs of children, and other heirs. For more information about our Estate Planning practice group, visit here.
- Business Succession Planning
Attorneys counsel owners of closely held businesses to establish organizational structures that satisfy their current and long-term needs. We also draw on the experience of our estate planning, tax, business and finance, real estate, labor, and employment attorneys to design and implement strategic succession plans for our clients. Attorneys help clients prepare for the transfer of their business to the next generation, and provide for liquidity for taxes, family members, or investors not active in the business. For more information about our Business Succession Planning practice group, visit here.
- Probate and Trust Administration
Attorneys guide executors and trustees through the process of administering property in estates and trusts. We handle court filings, tax analysis, and tax return preparation, creditor issues, retirement plans, IRAs, life insurance, and the many other aspects of making sure that the intentions of the individual who established the estate plan or trust are carried out. For more information about our Probate and Trust Administration practice group, visit here.
- Wealth Transfer Litigation
Our wealth transfer litigation attorneys are leaders in their field. We serve on local, regional, and national committees that drive trends. Our practice integrates business and commercial litigators with attorneys who have substantive experience in estate, trust, and fiduciary concepts. We advise and represent individual and institutional clients in matters and controversies. For more information about our Wealth Transfer Litigation practice group, visit here.
- Personal Tax Planning
Attorneys advise individual and small business clients on tax planning, tax return preparation, and audit issues. We also handle IRS inquiries for clients and advise clients on business and personal deductions, the timing of transactions, like-kind exchanges, the proper form of business entity, and the operation and administration of business and capital transactions. For more information about our Personal Tax Planning practice group, visit here.
- Family Office Practice
Many private family clients utilize family offices to manage the financial and personal business of individual families. Some of these offices include management of family wealth and trust operations. Taft’s private client attorneys represent a number of major family office clients. Families represented are typically the founders or descendants of the founders of significant companies. For more information about our Family Office Practice, visit here.
Recognized, Chambers USA High Net Worth Guide, Band 2, in Indiana, Minnesota, and Ohio (2019-2021)