Private Wealth

CMX’s Private Wealth practice provides legal advice and insight to help protect your assets during your lifetime and for your family’s future. Whether for private wealth clients, high-net-worth individuals, businesses, nonprofits, or corporate trust departments, our Private Wealth practice delivers sophisticated strategies. We advise clients on all aspects of planning, administration, and settlement of estates and trusts, collaborating with other practice areas to provide comprehensive solutions.

The practice goes beyond navigating complicated laws. CMX is known for developing and implementing strategies to protect the assets of its private wealth clients from creditors, including spousal creditors in the event of a divorce. This can reduce significantly, and in some cases eliminate completely, death taxes that can otherwise consume more than half of the wealth accumulated over a lifetime, allowing these asset-protection and tax-saving features to continue for future generations. We can implement estate planning strategies involving the use of family limited partnerships and related entities.

CMX lawyers routinely counsel private wealth clients regarding the effective use of living trusts and durable powers of attorney to avoid the need for expensive and time-consuming guardianships and probate and to thus enable the families of our clients to settle the affairs of a deceased family member with minimum delay and publicity and at minimum cost.

CMX lawyers work closely with the Firm’s corporate and business lawyers to structure personal retirement plans for private wealth clients, high-net-worth individuals, and family gift programs to accomplish multigenerational transfer of assets, as well as to integrate corporate and operational business considerations in the sale or other transfer of closely held corporations to family members or others. The focus is on minimizing taxes and facilitating family and estate-planning objectives. This area of practice encompasses advice on insurance planning, structuring family partnerships, and business-succession planning.

Please contact Victor Xistris, the Head of our Private Wealth practice group, with any inquiries you may have.