Private Client

We have an active worldwide trusts and estates practice that includes the representation of individuals, families, privately owned companies and charitable organizations, both in the United States and abroad. Drawing on the resources of lawyers from other practice groups who are dedicated to serving the unique needs of family businesses and charitable organizations, the firm also represents clients in matters relating to corporate, partnership, real estate and tax law and in litigation matters.

Matters handled by Shearman & Sterling's Private Client group include:

  • Representation of the descendants of a well-known individual in challenging the fiduciaries of his estate and lifetime trusts for imprudent investments and misconduct
  • Representation of a private foundation having assets exceeding $1 billion
  • Representation of the selling shareholders in an investment advisory business on international tax and estate planning issues arising from the transaction
  • Representation of the US beneficiaries of offshore trusts in the restructuring of a publicly traded European company
  • Recapitalization of a public company controlled by a client to permit payment of an estimated estate tax liability exceeding $1 billion without loss of family control
  • The creation of family office structures for managing assets of four generations of family members and more than 70 trusts and several closely held business entities
  • Successful prosecution of a will contest involving assets exceeding $100 million
  • Representation of a group of family trusts in the merger of a family's $1 billion consumer products company with a Fortune 500 company and subsequent Rule 144A sales
  • Restructuring a European resident's $1 billion holdings and advising on a family gift strategy prior to the client's immigration to the United States in order to minimize US taxes

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