 |
Since the firm’s establishment, the lawyers and legal staff at McDonald & Kanyuk,
PLLC have:
 |
Combined the use of valuation discounting vehicles such as
family limited partnerships and limited liability companies with
generation-skipping “dynasty” trusts. These structures
minimize estate taxation in the senior generation, and virtually
eliminate transfer taxes and protect assets from other external
forces, such as creditors and dissident spouses, in future generations. |
 |
Helped clients achieve their philanthropic goals through the
creation and administration of private foundations, donor advised
funds, charitable remainder unitrusts and other creative planned
giving vehicles designed to support the family’s favored
charities in perpetuity and facilitate family cohesion and the
development of values such as financial and social responsibility
in future generations. |
 |
Designed and implemented “family land preservation trusts”, a unique
multi-generational system for the transfer tax and creditor-safe use, protection,
management and centralization of ownership and control of family recreational
compounds and other “heirloom” real estate. |
 |
Crafted solutions to the unique family business succession
goals of clients involved in multi-generational businesses including
automobile dealerships, petroleum suppliers, beauty supply distributors,
electrical contractors, manufacturers of medical and other specialty
instrumentation, real estate development and management companies.
Often, these structures involve careful planning to centralize
management in the hands of active family members, provide liquidity
to pay taxes and reconcile the interests of active descendants
and those who are not participating in the business. |
 |
Helped clients achieve their asset protection objectives through the creation
of asset protection trusts, both foreign and domestic, and other structures. |
 |
Developed a computer simulation model using Monte Carlo statistical
analysis to determine whether certain trusts can or should be
converted to private “unitrusts” to better balance
the needs of current and remainder beneficiaries. |
 |
Handled the audit of complex federal estate tax returns at the examination and
appellate levels, and achieved favorable results. |
|
 |