Private Wealth Lawyers Guide Family in Establishing a Family Foundation
In the case of a family with significant wealth, we advised them about the pros and cons of establishing a family foundation, drafted the documents, applied to the IRS for tax-exempt status, worked with the family accountant to maximize the income tax advantages of contributions to the foundation, and oversaw the development of a congenial family plan regarding the ongoing administration of the foundation, including the handling of grant requests from family members.