Tim primarily concentrates his practice on developing thorough estate planning, tax, and business succession strategies that help achieve clients’ personal and business objectives. He provides guidance on a broad range of estate and business planning matters, including estate, gift, and income tax planning; prepares wills, revocable trusts, irrevocable trusts, powers of attorney, health care proxies, and beneficiary designations; and forms and structures corporations, limited liability companies, partnerships, and other entities. Tim provides advice for a broad array of clients, ranging from business owners with complex estate plans looking to minimize tax liabilities through trusts and other estate planning techniques to individuals seeking to protect assets from the cost of long-term care.
Tim actively works with clients to accomplish their objectives while also addressing emotional, legal, tax, and technical considerations. He works closely with fiduciaries on estate and trust administration matters to implement strategies allowing beneficiaries to avoid paying unnecessary estate and income taxes. As a former tax practitioner, Tim also represents clients being audited by federal or state tax departments in connection with estate, gift, income, and other tax matters.
Tim has extensive experience counseling business owners as part of business succession planning, including transitioning ownership among family members, negotiating exit strategies involving key employees, or selling the business to a third party. He works closely with business owners to understand the emotional, financial, and operational needs of the owner and the business. After understanding these needs, he develops strategies to implement the succession plan, including the formation of entities and preparing agreements with executives or key employees. Tim also routinely addresses business and taxation concerns through the development of owner agreements such as shareholder, operating, and buy-sell agreements.