Preserving Wealth and Passing It On
At Saul Ewing, we consider retirement planning a critical part of estate planning because we recognize that assets accumulated throughout a career constitute a significant portion of a person's financial worth. If managed properly, these assets can be passed on to future generations.
Preserving Wealth Through Tax-Savvy Management
The laws pertaining to retirement plans are complex and must be followed carefully to minimize tax liability. Working closely with clients and their financial advisors, attorneys in our Retirement Planning practice counsel clients on using tax planning techniques and other tools to help them achieve growth of an estate. In one instance, a family anticipated that retirement benefits would produce a lump sum of $7 million. However, our attorneys used applicable distribution techniques that brought the final proceeds to $18 million. Our attorneys also monitor the potential impact of legislation, cases, and rulings on retirement benefits, in order to plan most effectively.
Depth of Experience
Robert H. Louis, a Partner who concentrates his practice in employee benefits law, executive compensation, tax, business succession, and estate planning, chairs our Retirement Planning practice. He is a former Chair of the Pennsylvania Bar Association's (PBA) Tax Law Section and a member of the American Bar Association (ABA) Tax Section’s Employee Benefits Committee as well as the National Council on Employee Ownership and the American College of Tax Counsel. Our attorneys' professional memberships include the Penjerdel Employee Benefit Association, Philadelphia Estate Planning Council, and the American College of Trust and Estate Counsel, as well as the probate, property and trust, tax, and legislative sections of the ABA, the PBA and the Philadelphia Bar Associations.
Saul Ewing attorneys speak and write frequently on estate and trust aspects of retirement planning and related tax issues. They have conducted seminars for the Pennsylvania Bar Institute, and have been published in theBNA Tax Management Memorandum, Mergers & Acquisitions, Philadelphia Bar Probate Section Newsletter, and Philadelphia Business Journal among others.