Private Clients
![Private Clients](https://ksandk.com/wp-content/uploads/vwchrczcqwm.jpg)
King Stubb & Kasiva (KSK) is a premier law firm renowned for its comprehensive and personalized legal services tailored to meet the unique needs of high-net-worth individuals, families, and business owners. Our Private Clients Practice is dedicated to providing exceptional legal counsel with a personal touch, ensuring that our clients’ wealth and assets are meticulously managed and protected.
Our Services
- Estate Planning: involves drafting legally binding wills to ensure that a client’s assets are distributed according to their wishes upon death, creating various types of trusts—such as revocable, irrevocable, and charitable trusts—to manage and protect assets during a client’s lifetime and beyond, and establishing financial and medical powers of attorney to designate individuals who can make decisions on behalf of the client if they become incapacitated. Additionally, it includes preparing living wills and advance directives, which outline a client’s preferences for medical care if they are unable to communicate their decisions.
- Trusts and Foundations: Setting up and managing trusts to achieve specific financial, tax, and estate planning objectives. Establishing charitable trusts and private foundations to facilitate philanthropic activities and provide tax benefits.
- Tax Planning: Advising on strategies to minimize income taxes through deductions, credits, and other tax-efficient practices. Developing strategies to minimize estate and gift taxes, including lifetime gifting programs and the use of trusts. Assisting clients with tax planning for cross-border assets and income, including compliance with international tax laws and treaties.
- Family Law: Providing legal representation and advice during divorce and separation proceedings, including property division, spousal support, and child custody. Assisting with the negotiation and enforcement of child custody and support agreements. Drafting and reviewing agreements to protect individual assets and define financial arrangements in the event of a divorce.
- Succession Planning: Developing plans for the transfer of business ownership and management to the next generation or new owners. Establishing family governance structures and agreements to ensure smooth decision-making and conflict resolution within family-owned businesses.
Key Highlights
- Wealth Management; Collaborating with financial advisors to provide comprehensive investment strategies and portfolio management.
- Financial Planning: Offering holistic financial planning services, including retirement planning, education funding, and risk management
- Philanthropy: Advising on the structuring of charitable donations, including the use of donor-advised funds, charitable trusts, and private foundations.
- Nonprofit Organizations: Assisting with the formation and management of nonprofit organizations, including compliance with regulatory requirements.
- Elder Law: Advising on strategies for funding long-term care, including Medicaid planning and long-term care insurance.
- Special Needs Planning: Creating special needs trusts to provide for the care of individuals with disabilities without affecting their eligibility for government benefits.
- Art and Cultural Property: Advising on the acquisition, sale, and donation of art and cultural property, including tax and estate planning considerations.
- International Private Client Services: Providing estate planning advice for clients with assets or family members in multiple jurisdictions.
- Insurance Planning: Advising on the use of life insurance in estate planning and wealth transfer strategies. Ensuring adequate coverage for real estate, personal property, and liability risks.
Key Professionals
Related Practice Areas
FAQs
What are the key legal considerations when engaging in private aircraft or yacht transactions?
Key legal considerations include ensuring proper registration, understanding tax implications, securing financing, and adhering to both local and international regulations. Due diligence is critical to mitigate risks associated with ownership, operation, and cross-border transactions.
What is involved in managing luxury assets like real estate or high-value collectibles?
Managing luxury assets involves legal processes such as acquisition contracts, proper documentation for ownership, and compliance with regulatory standards. It also includes valuation, authentication, and strategic planning for the sale or transfer of these assets to maximize value and minimize liabilities.
What factors influence residency and citizenship planning for high-net-worth individuals?
Residency and citizenship planning is influenced by factors such as tax laws, lifestyle preferences, and business opportunities in different jurisdictions. Strategic planning involves evaluating the benefits and obligations of potential countries, including tax implications, legal residency requirements, and the impact on global mobility and financial privacy.