Korell & Frohlin, PLLC specializes in sophisticated family wealth preservation planning. This includes the creation, drafting, and coordination of the numerous components of the estate plan, including wills, trusts, disability planning documents, and other advanced wealth transfer vehicles such as family limited partnerships, charitable trusts, private foundations, grantor retained annuity trusts, and qualified personal residence trusts.
The firm’s practice also addresses the income, estate, and gift taxation issues associated with all implemented planning. As a core element of the practice, the firm has significant experience in business entity and succession planning, including the formation and administration of limited partnerships, limited liability companies, and corporations.
Asset protection is often a necessary and critical component of a sophisticated wealth preservation plan. Korell & Frohlin, PLLC specializes in this practice, utilizing both domestic and international planning structures for clients throughout the United States. This includes the creation and administration of domestic and foreign trusts, in addition to any associated offshore entities.
The firm also provides tax and legal services for U.S. clients with foreign inheritances, non-residents pursuing U.S. investment opportunities and residency issues, and in some cases, expatriation. The firm maintains active relationships with numerous foreign trustees, asset managers and custodians, and legal specialists around the world.
The representation of fiduciaries in estate and trust administration is a core practice of Korell & Frohlin, PLLC This specifically consists of probate filings and proceedings, distributions of estate and trust assets, and the preparation and filing of federal and state gift, estate, and inheritance tax returns.
The firm also represents beneficiaries of estates and trusts to maximize their legal interests.
While Korell & Frohlin, PLLC is mindful of the high cost of litigation and routinely counsels clients on the possibility of favorable settlements from an expense and risk standpoint, the firm also understands that being willing and able to take any case to trial promotes the likelihood of the most favorable outcome for the client.
The firm has significant experience litigating a wide variety of civil, commercial disputes in federal and state courts, and has represented local, regional, and national clients in real estate, insurance, Deceptive Trade Practices Act, breach of contract and fraud litigation.