Bill Doyle has more than four decades of experience representing high-net-worth individuals and families, as well as banks, trust companies, and family offices, in complex and legal matters. He focuses his practice on the formation and operation of entities to own and manage capital on an income tax efficient basis. The legal structures he designs for clients are designed with the goal of facilitating the movement of wealth within a family without the imposition of a gift, estate, or generation-skipping tax. Bill regularly employs strategies involving a combination of trusts and business entities such as limited liability companies, partnerships, and corporations.
- Reorganization of multifaceted, closely held businesses and controlling interests in public companies with the goal of improving the tax efficiency of those organizations.
- Management succession planning for closely held businesses through voting trusts, voting agreements, buy-sell agreements, and on occasion, divestures and spin-offs.
- Tax, corporate, and regulatory work in connection with the purchase and sale of closely held business enterprises and interests therein.
- Tax planning in anticipation of and/or contemporaneous with IPOs, including leveraged sales of interests in closely held businesses to “dynasty trusts,” charitable remainder trust planning, and post-IPO formation and funding of family foundations.
- Use of various forms of charitable remainder trusts, prepaid variable forward contracts, exchange funds, and “mixing bowl” partnerships to avoid the capital gain tax attendant to diversifying out of single stock exposure for clients who sell their businesses in exchange for a block of stock in a public company.
- Advising clients in connection with investment diversification, asset protection, and corporate and family governance issues.
- Counseling clients in connection with the formation, funding, and operation of a wide variety of charitable and quasi-charitable organizations, including public charities, supporting organizations, private foundations, operating foundations, and all types of charitable lead trusts and charitable remainder trusts.
- Counseling families and the businesses they own/control regarding the development of mechanisms for governance and communication, including the use of family constitutions, mission statements, family councils, and shareholder committees.
- Preparation of wills, trusts, and ancillary estate-planning documents.