“I give businesses and their owners creative and practical solutions.”
Jim’s practice focuses on corporate, business and tax planning. He helps his clients understand the tax considerations of how to structure and operate their organizations and transactions. Jim also helps many clients create wealth and legacy preservation plans. Along with his business acumen, Jim is also one of the foremost aviation experts in the region, having handled thousands of aircraft transactions. Jim is an ATP rated pilot, and has flown many of the aircraft he deals with. His aviation experience gives Jim a unique perspective in advising aircraft owners and operators from coast to coast on all aspects of aviation law. As an experienced advisor, Jim knows that the most important part of his practice is the trusted relationship he builds with his clients. Over the course of his counsel, his clients enjoy the benefits of his sophisticated, prompt and effective problem-solving ability built from an intimate understanding of the client’s specific needs.
Case Studies / Success Story:
Jim worked on an estate plan for owners of a private company. The client wanted to maintain the company and pass it down to his children and grandchildren. Jim and his team established a long-term estate and business succession plan that, through various estate freeze techniques, sales to grantor trusts, grantor retained annuity trusts, and life insurance planning, passed more than $300 million from the patriarch to matriarch, and then from matriarch to children, without estate taxes. He also used post-death planning in the matriarch’s estate to pass a significant amount of the business and other assets to grandchildren exempt from generation-skipping taxes.
Over more than 30 years of representing the original owners, Jim became involved with the businesses, including tax and corporate consulting, structuring and implementing many significant transactions for their companies, acquiring other companies, purchasing and selling aircraft, structuring intercompany transactions to minimize tax, and disposing of lines of business that no longer fit their business model. During that time, he grew to know the dynamics of both the extended family and the business, and is now helping plan the children’s estates and business succession following the death of the original owners.
“It’s rewarding that my relationship with the clients developed into one of trusted legal counsel and advisor. This is the type of relationship I attempt to develop with all of my clients.”
Representative Aviation Projects
Jim’s aviation experience gives him a unique perspective in advising aircraft owners and operators on all aspects of aviation law. Click here for more detailed information.