At Smith & Hammond, P.C., our professional, entrepreneurial and high-wealth clients throughout Texas rely on our legal expertise and counsel in the following areas:
Estate Planning & Probate
Estate plans and trusts are the basic tools used to safeguard your family and your businesses. With ever-changing gift and tax laws, a consultation with our highly-experienced estate planning attorneys will ensure that your estate plan conforms with Texas and Federal laws, while providing your estate with maximum tax minimization advantages.
Business Succession Planning
The continued long term health and viability of a family-owned business depends largely on a plan for orderly succession. Closely held corporations and family owned businesses are particularly at risk if the chief operating officer dies or becomes incapacitated. Predetermined key employee retention plans as well as carefully-structured Buy-Sell Agreements can sidestep many pitfalls that may otherwise be encountered.
During the estate planning process, your attorney will review the numerous tools and techniques available to minimize state and federal taxes and work carefully with you during the implementation of your plan.
The variety of family and business situations we encounter is as diverse as our client base. Working closely with each client, we regularly solve very personal and often complex trust and estate issues, in addition to frequently achieving significant federal tax savings.