1700 East Putnam Avenue
Suite 400, Greenwich
Tel: +1 203 974 0398
Fax: +1 203 285 1698
Todd co-heads the firm’s Private Client & Tax Group in the United States. His practice is focused on tax, trusts and estates, and business succession matters for affluent individuals and their families. He regularly advises domestic and international families and family offices with respect to creating trust and related business structures to preserve, protect and grow family wealth for multiple generations in a tax efficient manner.
Todd has significant experience working with clients to structure US and international wealth preservation vehicles such as Family Limited Partnerships, Grantor Retained Annuity Trusts, Sales to Intentionally “Defective” Grantor Trusts, Foreign Grantor Trusts, Qualified Personal Residence Trusts, Buy-Sell Agreements and Preferred Freeze Partnerships. He also advises clients on business succession matters, with a particular emphasis on navigating the various tax pitfalls under Chapter 14 of the Code. In addition, Todd’s practice also involves the preparation of estate planning documents for clients including “tax-sensitive” Wills and Revocable Trusts, Generation-Skipping Dynasty Trusts and Irrevocable Life Insurance Trusts. Todd also has experience in advising Hedge Fund and Private Equity Fund professionals with respect to transferring carried interests into multi-generational trusts for the benefit of younger family members in a tax-efficient manner.
Todd has been published in Trusts & Estates, Private Wealth, Estate Planning, ACTEC Journal, BNA Tax Management, Probate & Property, Private Asset Management and other publications. He is also the co-author of BNA/Tax Management Portfolio, No. 875, entitled “Wealth Planning With Hedge Fund and Private Equity Fund Interests and Related Section 2701 Issues.”
Todd is a frequent speaker on estate planning topics such as Family Limited Partnerships, Business Succession Planning and related Chapter 14 issues. He has given presentations, webinars and teleconferences for various organizations including the Heckerling Estate Planning Institute, the Federal Tax Institute of New England, the ABA Section of Real Property Trust & Estate Law (Spring Symposia, Fall Joint Meetings and Skills Training Programs), the Notre Dame Tax and Estate Planning Institute and the Seattle Estate Planning Seminar, as well as numerous estate planning councils, CPA societies and professional organizations. He has been rated AV Preeminent® by Martindale-Hubbell® Peer Review Ratings™ and has been listed in Who’s Who Legal: Private Client. Todd has been quoted in articles that have appeared in Barron’s, Bloomberg Businessweek, The Boston Globe, The Philadelphia Inquirer, The Chicago Tribune, The Miami Herald, Forbes, MSN Money and other publications.
Todd also serves as a member of the firm’s Pro-Bono Committee and its Diversity Committee.
The Estate & Trust Law Practice:
We have over 150 lawyers worldwide who concentrate on wills and succession planning for families. We advise on lifetime gifts, inter-vivos and post-mortem estate plans and issues related to the management and taxation of inter-generational transfer strategies.
We work to provide sophisticated advice to ensure that gift, estate, generation-skipping transfer taxes, wealth taxes and other forms of capital tax are minimized while endeavoring to maximize family flexibility when dealing with these issues. Structures may be designed to reduce future creditor risk, whether commercial or as a result of divorce or other family calamity.
While we tend to focus on issues related to the UK and US, we also undertake planning for international families, in particular from Russia and the CIS, and where appropriate, work with local experts in those jurisdictions where we may not be admitted.
We have qualified US, UK, Italian and Russian tax lawyers in Europe, English solicitors in the US, and UK, US and Hong Kong qualified lawyers in Hong Kong, so sophisticated advice from those jurisdictions can, in case of need, be rendered promptly and in the client’s home time zone.
Succession planning in every country differs enormously. As do perceptions around succession planning – for example around 70% of the British people don’t have a will. Whilst many people understand the importance of having a will and estate plan to safeguard their family’s future, more often than not, making a one remains on the ‘too difficult’ pile. When those individuals are living and working in a country they were not born in, this can often make the decision making process even harder.
Withers has been acting for successful individuals, families and institutions for over 100 years. We advise clients on their business and personal legal needs around the world.
We are the largest law firm in the world dedicated to the needs of successful people, their families, their businesses and their philanthropic work. With offices in Europe, Asia, the United States, Australia and the Caribbean we provide coverage that other law firms in this area cannot. In this fast moving and increasingly regulated world the need for integrated advice has never been more important and we continually look for opportunities to ensure we work in the same locations as our clients and their wealth.
We have represented 46% of The Sunday Times Rich List, 25% of The Forbes World’s Billionaires List in the US whilst in Asia we act for 30% of the top 20 Hong Kong billionaires of the Forbes World’s Billionaires List.