Today, managing wealth is more complex than ever. It requires special legal advice to navigate through various laws, taxes, and rules. This need is even greater for rich families and family offices. At Wiggin and Dana, we have guided successful families for years. We help them with their legal needs, focusing on each family’s aspirations, aims, and principles.1
Our knowledge spans across corporate law, real estate, taxes, and trust management. This breadth lets us offer top-notch legal guidance. We consider every detail of your financial, business, and personal matters. We’re experts in inheritance laws, wills, asset sharing, and tax strategies. We also excel in planning for incapacity, charitable acts, resolving family matters, and dealing with estate disputes.2
Key Takeaways
- Specialized legal counsel is essential for high-net-worth families and family offices to navigate complex financial, tax, and regulatory landscapes.
- Wiggin and Dana has been a trusted advisor to successful families for decades, providing tailored legal solutions and strategic guidance.
- The firm’s expertise spans a wide range of practice areas, including corporate law, real estate, tax, and trust management.
- Wiggin and Dana is committed to understanding each client’s unique priorities, goals, and values to deliver personalized legal services.
- The firm’s comprehensive knowledge of inheritance laws, wills and trusts, and other estate planning matters ensures the protection of clients’ wealth and legacy.
Introduction to High-Net-Worth Estate Planning
Wiggin and Dana is more than a law firm to high-net-worth clients. We see our work as a partnership paved with trust. Our goal is to build strong, enduring relationships. This is how we help protect and carry wealth across generations.3 Trust and teamwork are at the core of what we do, supported by deep legal know-how.4
The Complexities of Wealth Preservation
For those with a lot of assets, managing and safeguarding them can seem overwhelming.3 That’s why we offer specialized advice, covering all aspects of their financial world. This includes investments and giving back to the community.4
The Need for Specialized Legal Counsel
Managing wealth today requires legally sound strategies. Wiggin and Dana is ready to help with top-notch legal skills.3 We serve high-net-worth families and family offices with tailored services. Our expertise is on par with the biggest firms, but our approach is personal.4
Our Approach: Building Trust and Collaboration
Our clients at Wiggin and Dana get strategies that are made just for them. These strategies protect and increase their wealth. They also secure their family’s future.3 Our legal team is highly skilled in estate planning and more. This lets us guide our clients through the complex world of taxes and wealth transfer. We do it with care and expertise.
Law for Estate Planning: Our Suite of Services
Wiggin and Dana is your top choice for expert help in estate planning. Our lawyers know these legal areas well and use their vast knowledge to work through tough tax rules. They look after your assets and help with passing wealth down to future generations.5
Besides estate planning, we support in managing your investments too. We help in handling fund and direct investments, whether it’s starting with friends and family or moving up to bigger rounds.5
Investment Management
Our investment team partners closely with you to meet your financial targets and risk comfort. If you want to broaden your investment horizons or look at new options, our skilled advisors give help at every stage.
Commercial Real Estate and High-end Residential Real Estate
At Wiggin and Dana, we understand the special needs of6 commercial and luxury homes. Our team gives smart advice that fits your unique needs and challenges. We rely on our strong ties and deep market understanding.6
We guide you through buying and developing properties, solving legal issues, and more. Our team is ready to manage even the trickiest real estate issues. We aim to give you the best support at every turn.
Succession Planning: Protecting Your Legacy
Wiggin and Dana really understand passing on wealth between generations. They have the right skill and tools to manage family and financial issues closely.7 This firm has been creating detailed succession plans for many years. These plans make sure wealth and the way it’s managed are smoothly handed down to later generations.7
Crafting Comprehensive Succession Plans
Each family is different. Wiggin and Dana tailor their services to fit the unique goals and dreams of their clients. They create plans that keep the family’s wealth safe and growing, ensuring their legacy lasts for many years.8
Addressing Family Dynamics and Financial Stewardship
They expertly handle unique challenges too. This includes blending Sharia law with the needs of non-Muslim expatriates. They also assist with complex family situations and making sure family businesses transition smoothly.8 Their knowledge in estate planning that crosses borders means they can effectively deal with the legal and tax sides of wealth held worldwide.
Private Wealth Disputes: Strategic Resolution
Wiggin and Dana help people in private wealth disputes with care and unique solutions. Their team understands the legal and emotional sides of these issues. They aim to solve disputes that mix family and money in smart and caring ways.9
Navigating Complex Financial and Familial Dynamics
Private wealth disputes often come from family issues.10 Wiggin and Dana use their experience to solve tough and personal disputes. They look into trust, wills, estates, and personal assets.9 This team also knows ways to stop arguments before they get worse. Effective talking, clear plans for the future, and strong leadership can help keep the peace.10
Protecting Your Interests and Assets
The law firm helps with personal estate conflicts, including arguments over wills and inheritances.9 They deal with many kinds of wealth disputes. This includes disputes over personal assets or family assets, plus issues with trusts because of poor leadership or disinterest.10 They protect what their clients own and their rights carefully.
Matrimonial Matters: Safeguarding Your Wealth
Wiggin and Dana offer advanced legal help for high-net-worth families. We understand the unique challenges in their financial and emotional lives. This includes dealing with complex assets, property, support, and prenups.
Complex Asset Valuation and Property Division
Our firm understands that maintaining wealth is crucial during big life changes. We aim to find fair solutions that protect our clients. Our knowledge of both family dynamics and financial structures guides us.
Preserving Family Wealth During Transitions
11 Many couples find that creating trusts is wise for managing their assets. Pre- or postnuptial agreements are also commonly used. They help decide how to split property if needed.
11 For protecting assets, Irrevocable Trusts are a popular choice. Family Limited Partnerships (FLPs) are often used to give control over assets to family members. We work with these strategies to help your wealth last.
11 A smart way to manage taxes is by using both spouses’ estate tax exemptions together. Giving yearly gifts and supporting charities can also lower tax burdens. This means more wealth can pass to your heirs.
Cybersecurity and Data Privacy: Safeguarding Sensitive Information
Wiggin and Dana is a trusted guide for wealthy families and their offices. They understand the need to keep sensitive info safe online. Their cybersecurity team specializes in fighting cyber threats to protect client data.
Incident Response and Breach Preparedness
The firm offers a range of services to handle cyber incidents. This includes planning how to respond to data leaks and attacks. They help clients set up strong policies, train their teams, and prepare for emergencies to keep their data safe.
Risk Assessment and Compliance
Keeping up with privacy and security laws is key. The team helps clients figure out their risks and stay on top of changing laws. They help install security measures, check for compliance, and offer advice for legal issues.
Cyber-Liability Insurance Options
For any business handling important data, putting data privacy first is a must. Wiggin and Dana also advise on cyber-insurance. They help clients choose the right policy to deal with cyber threats financially.
Wiggin and Dana are dedicated to top-notch cybersecurity and data privacy for their clients. They aim to offer peace of mind in the complex online world.
Real Estate Development: Unmatched Expertise
At Wiggin and Dana, we know a lot about dealing with commercial real estate and high-end residential real estate. Our team understands the special challenges and chances in these areas. We use our deep knowledge and strong links to give advice that fits each client’s unique needs and worries.13
We have a big group of developers, investors, and others on our side. This helps us be on top of what’s new and what’s changing in the industry. We make sure our clients have an advantage. Whether it’s helping with design, building luxury real estate, or handling the big financial parts, we’re there for them every step, making sure our clients get the best legal support.14
Tailoring Property Purchase to Your Lifestyle
Buying a property is about more than just money at Wiggin and Dana. It’s about finding a place that fits your life and dreams. We work closely with you to get what you really want. This makes sure buying a place is in line with your big plans.15
Interior Designing & Property Management
After the buying part, we can help with making the property your own inside and managing everything. We use our connections to find top pros in design to make your place truly yours. We also know how to take care of your place well. This means you can enjoy owning it with no stress.15
Charitable Giving: Leaving a Legacy
Wiggin and Dana help rich families give back intelligently. They know how important it is to do charity the right way. Their experts guide families to donate in ways that match their values and long-term goals.
Strategic Philanthropic Planning
The firm’s lawyers team up with clients to plan their charity work. They make sure donations make a big difference. They focus on what their clients care deeply about, so their giving can truly matter.
Maximizing Tax Benefits
Wiggin and Dana also helps families make the most of tax breaks for giving. They use smart strategies, like CRTs and CLTs, to increase the benefits of giving. This helps the charities and the family’s estate.
Expert in inheritance laws, wills and trusts, and tax planning, Wiggin and Dana guides its clients well. They help families leave behind great legacies through smart charitable giving.
Blended Families: Navigating Complexities
We, at Wiggin and Dana, understand the challenges of estate planning in blended families. Our lawyers are skilled at creating detailed plans. These plans meet the unique needs of blended families. We make sure everyone’s interests are protected.18
Estate Planning for Blended Family Structures
We bring our vast knowledge and a customized approach to every case. More than half of Americans will join a blended family at some point. This can happen due to divorce or the death of a spouse.19Our goal is to make estate plans that keep our clients’ wealth safe for their families. This includes looking after today and the future.
Protecting Interests of All Family Members
Blended families mix stepchildren and children from different families. Texas has special laws for estate planning. These laws can protect surviving spouses a lot. They impact how an estate is divided.18 To handle these laws, we use trusts. Tructs offer safety for assets. They help make sure everyone gets a fair share of the inheritance. This includes kids from all parts of the family tree.18
Good, clear communication is vital in estate planning for blended families. We help families talk to each other. This makes sure that everyone understands the plan. A trust is often a key part of the estate plan. It helps prevent problems like accidentally leaving someone out.19QTIP trusts, for example, look after the surviving spouse. They also make sure that assets go to chosen beneficiaries later. This is one way to prevent hardship later on.19
Estate Litigation: Resolving Disputes
At Wiggin and Dana, we’re ready to tackle tough issues in estate cases. We help when wills and trusts spark arguments, or when legal action is needed.20 Some folks don’t plan well for what happens after they’re gone, which can cause debt problems or family fights.20 Such fights can get very heated, especially when money is at stake.20 Our lawyers use their deep knowledge and close eye for details to look out for our clients and get good results, even in very tough cases.
Contested Wills and Trusts
Cases can drag out if there’s doubt about a will’s accuracy, fraud, or if it’s hard to read because of mistakes.20 If someone was forced to change their will or wasn’t mentally able to make a good one, beneficiaries can challenge it.20 We help sort through the legal, financial, and emotional mess that can follow. Wiggin and Dana is here to protect our clients’ rights and their property with the utmost care.
Fiduciary Litigation
The person in charge of an estate must put its needs first. If they don’t, we can take them to court.20 Trustee mistakes can lead to them owing money.20 Those handling estates must let the creditors know and deal fairly with their claims.20 When there’s no will, family members might fight over who should handle the estate.20 Sometimes those in charge of the estate actions unfairly or dishonestly, which can lead to problems.20 That’s why having a skilled estate lawyer is crucial in these estate fights.20
At Wiggin and Dana, we’re very familiar with estate litigation’s ins and outs. We promise to look after our clients’ interests and assets, guiding them through the legal and personal hardships.21 In Florida, most adults are seen as able to make wills and such by law.21 Our team knows the details of estate law very well. We work hard to get good results for our clients in these often complex cases.
Conclusion
Wiggin and Dana offer a wide range of legal services for rich families and their offices. They focus on bringing unmatched skills and tailor-made strategies to solve their client’s unique issues.22 They handle everything from estate and succession planning to family disputes and marriage issues. Their deep knowledge and holistic approach help clients keep their wealth safe, secure their futures, and deal with complicated financial and personal matters.
They help in creating living trusts to avoid long and expensive probate processes,23 setting up powers of attorney for important decisions,22 and establishing family trusts to name inheritors.23 Wiggin and Dana’s lawyers are experts in this field, crafting complete solutions for every client’s specific needs.22 They understand laws about inheritance, wills, and financial planning. This lets their clients make wise choices to protect their family’s finances long into the future.
Wiggin and Dana stays ahead in managing and preserving wealth as its challenges grow. They give big families and their offices legal aid, smart advice, and steady support in many areas, including estate planning and charitable giving.2322 Known for their service and success, Wiggin and Dana is the top choice for wealthy individuals. They ensure protection for family fortunes and a secure financial path forward.
FAQ
What makes Wiggin and Dana the ideal partner for high-net-worth estate planning?
How does Wiggin and Dana approach building long-lasting relationships with its clients?
What specific services does Wiggin and Dana offer in the realm of estate planning and trust administration?
How does Wiggin and Dana approach succession planning for its high-net-worth clients?
What expertise does Wiggin and Dana offer in handling private wealth disputes?
How does Wiggin and Dana assist high-net-worth clients with matrimonial matters?
What cybersecurity and data privacy services does Wiggin and Dana offer?
How does Wiggin and Dana’s real estate expertise benefit its high-net-worth clients?
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Source Links
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- https://trustandwill.com/learn/ewills-and-privacy
- https://eliopouloslaw.com/top-7-advantages-of-engaging-an-attorney-for-commercial-real-estate-transactions/
- https://calkinslawfirm.com/practice-areas/real-estate/
- http://www.joelrabblaw.com/real-estate/
- https://legacyassuranceplan.com/articles/why-plan/remember-favorite-charity-estate-plan
- https://www.jerrykilgolaw.com/estate-planning-and-charitable-giving-leaving-a-legacy-of-generosity
- https://www.ehargravelaw.com/2024/04/estate-planning-for-blended-families-navigating-complex-family-dynamics/
- https://elderlawgeorgia.com/2024/01/18/estate-planning-for-blended-families-navigating-complexities/
- https://www.dhclaw.com/library/understanding-estate-litigation-in-florida.cfm
- https://www.dhclaw.com/faqs/how-a-florida-estate-litigation-lawyer-could-help-you-protect-an-inheritance.cfm
- https://blog.massmutual.com/planning/what-is-estate-planning
- https://www.legalzoom.com/articles/the-complete-guide-to-estate-planning