Phillip J. Tortorich is head of the firm’s Captive Insurance practice. He advises wealthy individuals and closely held companies on the creation and management of captive insurance programs, as well as tax and estate planning matters. Phil has been working in the captive insurance space for well over a decade and is one of only a few attorneys who handle both the income tax and estate and gift tax aspects of captive insurance programs for closely held middle market businesses.
Clients seek Phil’s advice on captive insurance programs at all stages—from initial conceptualization and potential application to implementation, compliance review and restructuring. He works closely with clients to implement appropriate risk management structures that maximize both their income tax and wealth transfer benefits.
Much of Phil’s work involves consulting with clients on the tax-efficient structuring of corporate entities including C corporations, S corporations, limited liability companies, limited partnerships and hybrid-type entities. Phil also assists clients in designing onshore and offshore trusts that minimize their exposure to gift taxation and in structuring family investment companies that fit their specific circumstances and trust and estate plans.
Clients often rely on Phil to serve as a legal liaison, coordinating all of the services provided by attorneys of different disciplines, as well as financial and corporate consultants to ensure that the clients receive fully integrated advice that addresses both the personal and corporate aspects of their enterprise. He helps clients to achieve their philanthropic goals through the establishment of private foundations and public charities and the use of charitable remainder and lead trusts.