High Net Worth Planning


High Net Worth Planning

For high net worth families and individuals, a traditional estate plan does not address all of the complex needs associated with managing large estates. At Rico, Murphy, Diamond & Bean, LLP, our attorneys work together with wealthy clients to explore additional tax reduction and protection strategies to ensure an efficient transfer of assets. We are able to craft solutions specific to the needs of each client, including:

  • business succession planning;
  • implementation of gift programs;
  • charitable trust planning, including the  design and establishment of charitable split interest trusts, private foundations and similar entities;
  • insurance trust planning;
  • establishment of dynasty and generation-skipping trusts;
  • establishment and maintenance of family limited partnerships and limited liability companies