Tax, estate planning and personal wealth

Tax issues and planning have become a critical aspect of the COVID-19 pandemic. For businesses, our tax lawyers can assist with payroll tax credits and other tax matters associated with the FFCRA, the general business and individual tax provisions in the CARES ACT, the Employee Retention Credit, PPP loan forgiveness, as well as debt restructuring and the related tax consequences. Maximizing available tax benefits and cash flow during these challenging times is essential to all organizations.

The market volatility caused by the COVID-19 pandemic has put investors on edge and made retirement accounts more unpredictable than ever. It’s a critical time to understand the right strategies to protect personal wealth, manage a strong estate plan and navigate the array of tax changes. Porter Wright’s Estate Planning and Wealth Preservation attorneys assist clients with safeguarding and transferring personal wealth to their chosen recipients in an orderly and economical manner. In addition, we stand ready to work with clients who may suffer the loss of a family member during these turbulent times to assist with the orderly transfer of property to the appropriate beneficiaries.

We also work with our clients to transfer the management and control of business enterprises, as well as other property interests through wills, trusts, family limited partnerships and limited liability companies, durable powers of attorney and charitable remainder trusts. Our attorneys also advise clients on personal financial planning by understanding each client’s personal situation and helping them to prepare for future financial goals.