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Practice/Industry Group Overview
Greenberg Traurigs Wealth Management team provides practical tax advice to high-net-worth individuals, private businesses and financial institutions. Ranked No. 7 based on the number of total lawyers on The American Lawyer's 2006 AmLaw 100, Greenberg Traurig also has the 12th largest tax practice in the world, with more than 125 tax attorneys (Tax Business, January/February 2006). Our attorneys serve as wealth management stewards, guiding clients through the many complex legal and business issues that can impact their assets. Our practice is structured to operate like a virtual family office: we hold regular family meetings, team with advisors, educate descendants and provide a secure electronic environment for information aggregation.
Greenberg Traurigs approach to wealth management is applied to three groups: high-net-worth individuals, privately held businesses and financial service firms such as life insurance producer groups, family offices, and private trust companies. Our services are not limited to preparing legal documents such as wills and trusts, but also in helping families shape the future of their wealth. The depth of the Greenberg platform enables us to provide more than the usual estate planning advice (26 domestic offices, an international presence and more than 40 disciplines). We often work with our clients to address philanthropy, family office structures (including private trust companies), aircraft ownership and even the more personal aspects of wealth managements (including multi-generational wealth transfer, incentive based planning for youth and educational matters).
For successful business owners, who often find it lonely at the top, we offer individualized executive support. We assist with matters including building and preserving business value, executive compensation, and exit strategies that can be addressed with the privacy of their own counsel. Mindful of the fact that many business owners wealth is inextricably tied to their business, we combine business insights and personal wealth planning experience to offer advice tailored to our clients specific circumstances.
Our group is well aligned with most financial service firms in that we are both serving the needs of the well-to-do and private businesses which is the reason our firm is often sought to serve as outside counsel. We offer these firms years of experience and practicality, along with the counsel of our experienced legislative colleagues; thus we serve as more than technical support; we serve as the market barometer.
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