Larry Kern focuses his practice on tax and estate planning matters for high-net-worth individuals and families, closely held business owners, private equity and hedge fund principals, and charitable organizations. He has deep experience advising clients in connection with the formation and operation of family offices and private trust companies, as well as the migration of trusts to reduce or eliminate state income tax exposure. As a certified public accountant, he also has substantial experience with estate and trust administration matters, preparing and reviewing state and federal income, estate, gift, and generation-skipping transfer tax returns, and helping clients manage disputes with the Internal Revenue Service and state taxing authorities.
Larry regularly designs, implements, and administers sophisticated wealth transfer tools, including grantor retained annuity trusts, sales to defective grantor trusts, asset protection trusts, family investment vehicles, dynasty trusts, and life insurance trusts. He also assists closely held business owners and wealthy individuals with business succession planning, as well as income tax and transfer tax reduction planning. In addition, Larry regularly represents clients in estate and trust administration matters, including contested estates and trusts, and he counsels clients on the formation and administration of a variety of tax-exempt and charitable entities.