Katten’s private clients include US and international personal investment companies, trusts, corporate entities and executives of publicly traded companies. Our attorneys also offer planning for individuals in special industries, including real estate developers, hedge fund managers, retailers, manufacturers, taxi and livery fleet owners, artists, art collectors, actors and musicians.
Our Private Client Services attorneys work side by side with other Katten industry and practice teams to provide private clients creative and comprehensive representation in all areas including personal and tax-driven estate planning. We advise on the formation and implementation of captive insurance companies to address property and casualty self-insurance risks in an economically tax-efficient manner. We counsel on the creation of charitable lead trusts and charitable remainder trusts to leverage the tax benefits from charitable gifts and to support and effectuate both personal and tax-driven estate planning objectives.
Our team consults with clients regarding tax-efficient structuring of corporate entities, including C corporations, S corporations, limited liability companies, limited partnerships and hybrid-type entities. We integrate estate and trust planning into the overall corporate enterprise, including a determination of the appropriate taxation for income and estate and gift tax purposes. Executives of publicly traded companies seek our advice on effective tax planning for the exercise of stock options and for structuring distributions from retirement plans. Acting as liaisons, our attorneys coordinate all legal and non-legal services provided by other attorneys in different disciplines and by financial, insurance and corporate consultants. We employ buy-sell agreements, voting trusts, limited liability companies, corporate recapitalizations and employee stock ownership plans to effectuate a client’s wishes regarding the control and succession of private and publicly held businesses. We structure domestic and offshore personal family investment companies to act as holding companies for trade businesses or investment vehicles, and to integrate those entities with overall estate and trust planning. In succession planning, we develop mechanisms to shift the future growth in a client’s business to younger-generation family members on a tax-efficient basis.
We advise on life insurance planning, including the use of irrevocable life insurance trusts, offshore life insurance techniques, split-dollar life insurance and the purchase of life insurance within profit sharing plans. We design trusts to shift the future growth of a client’s net worth out of the client’s estate, thereby minimizing exposure to income and gift tax on the sale and transfer of assets. By providing private clients with the same resources and services available to our largest institutional clients, the Private Client Services team offers a comprehensive approach to meet our clients’ needs.