Practice Areas & Industries: Akerman Senterfitt

Practice/Industry Group Overview

Taxes can severely erode, even devastate, personal capital. The Capital Transactions Group at Akerman Senterfitt provides a unique service to substantial-net-worth individuals by greatly reducing, postponing, and in many cases even eliminating the huge bite that taxes can take out of personal and family assets in a wide range of common and not-so-common scenarios.

Built around innovative concepts and methods that we have developed over the years in response to the diverse needs of highly sophisticated clients, we are a select team of highly experienced tax and estate planning counsel and a full-time financial analyst, supported by Akerman Senterfitt's outstanding corporate department (one of the largest and most prestigious in the southeastern United States).

Services Available

Our capital preservation strategies include:

• Deferring or eliminating large capital gains
• Converting ordinary income from stock option plans into nontaxable income or capital gains
• Overcoming "negative basis" problems with investment real estate
• Minimizing or eliminating estate, gift, and generation-skipping transfer taxes
• Deferring or eliminating income taxes on interest and dividends
• Maximizing the tax benefits of charitable giving

Supplementing these challenging situations, we also do traditional estate planning, probate, trust and guardianship work, personal income tax and tax planning related to business entities.

Our plans combine widely accepted techniques in imaginative ways and are supported by existing tax cases, rulings, and opinions. Few firms have the ability to sustain a practice group focused on this difficult specialty, and even fewer have practitioners who are both skilled in the diverse disciplines of estate planning and also knowledgeable about various legal structures (for example, limited partnerships, limited liability companies, and trusts) and commercial transactions. Our degree of specialization and experience leads to unique solutions that cannot be duplicated by copying our techniques. All of our plans are specifically tailored to each client's particular needs.

Clients:
Cundy, Inc., Medical Supply Holdings, L.L.C., Moreland Management Company, Mudrick, Witt, Levy & Consor Reporting Agency, Inc. , Walden University, Inc., Mitchell Wolfson Sr. Foundation, Evelyn F. McKnight Brain Research Foundation, University of Miami