Hahn Loeser & Parks LLP

Firm Details:
Managing Partner: Stanley R. Gorom III
Number of Partners: 75
Number of Other Lawyers: 60
Number of Offices: 6
Website: www.hahnlaw.com

Firm Overview:
Founded in 1920, Hahn Loeser & Parks LLP is a full-service firm with offices in Cleveland and Columbus, Ohio; Naples and Fort Myers, Florida; San Diego, California; and Chicago, Illinois. Attorneys at Hahn Loeser pride themselves on their ability to balance a team approach with an entrepreneurial spirit to offer clients creative and strategic solutions that help them attain their business objectives and achieve results. Their understanding of their clients’ businesses and their deep industry experience sets them apart.

Main Areas of Practice:
Hahn Loeser's private wealth practice assists its high net worth clients attain and maintain their financial and wealth planning goals with sophisticated planning strategies. The firm offers comprehensive estate planning services for professionals, business executives, entrepreneurs, professional athletes and other high-net worth individuals. Hahn Loeser's attorneys have assisted families – often through multiple generations — in the transfer and preservation of wealth. The team also has significant experience representing owners of privately held companies, guiding them through succession planning and resolving difficult issues that arise among family members in a business dynamic. In addition, Hahn Loeser's attorneys work extensively with individual trustees, corporate trustees, financial planners, accountants and insurance agents. They serve as advisors and counselors in the settlement and administration of trusts and estates, and as trust protectors. The firm's attorneys also advise clients on domicile planning and avoidance of state gift and estate taxes, as well as planning for large IRAs.

Estate Planning:
Hahn Loeser’s estate planning attorneys assist clients in developing comprehensive plans for the management of assets during life, the protection of assets in the event of disability, and the tax-efficient transfer of wealth at death. In developing these plans, the attorneys at Hahn Loeser focus on the individual client’s needs, goals and values, while at the same time striving to minimize estate, gift, generation-skipping transfer and income taxes.

Asset Protection Planning:
Hahn Loeser has experience in advising clients with different scenarios which require asset protection planning. The firm has successfully advised clients in:
• Starting a new business
• Owning real estate
• Prenuptial agreements
• Leaving inheritance to spouse and descendants
• Limited liability entity planning
• Asset protection trusts – foreign and domestic
• Florida residency planning

Business Succession Planning:
The Hahn Loeser team guides owners of closely held businesses through the options and steps for a successful transition, including buy-sell agreements, transfer restrictions, buy-outs, voting control arrangements, spin-offs, discounted valuations, and ESOPs.

Charitable Planning:
Hahn Loeser assists clients in maximizing the income, gift and estate tax benefits of charitable planning by structuring and implementing charitable gifting techniques, including:
• Charitable remainder trusts
• Charitable lead trusts
• Charitable gift annuities
• Outright charitable gifts
• Bargain sales
• Private family foundations

Domicile Planning:
Hahn Loeser’s team of attorneys help clients who wish to relocate to and establish their permanent home in Florida.

Insurance Planning:
Hahn Loeser has extensive experience advising on the role of life insurance in estate planning. In connection with insurance planning, the team at Hahn Loeser also work closely with clients to implement irrevocable life insurance trusts to ensure the preservation of wealth for the next generation.

Retirement Planning:
Hahn Loeser assists clients in navigating complex retirement plan rules, thereby allowing them to meet their estate planning objectives and, at the same time, minimize the income and estate taxes associated with retirement plans.

Estate Settlement:
Hahn Loeser handles all aspects of estate administration and are ready to assist the personal representative or trustee with, and provide advice regarding, settlement of the estate. The team at Hahn Loeser provides expert guidance and creative advice regarding all aspects of the estate settlement, from tax planning and compliance to the fiduciary’s exercise of powers and performance of duties.

Fiduciary Services & Trust Administration:
Hahn Loeser provides services to trustees, investment committees, personal representatives, executors, guardians and other fiduciaries, including:
• Reviewing investment processes and policies against global standards of excellence
• Assisting with due diligence, selection and monitoring of investment advisors and investment managers
• Tax compliance
• Tax controversy representation
• Accounting services
• General advice regarding best practices for fiduciaries

Fiduciary Litigation:
The team at Hahn Loeser uses a multi-disciplinary approach to secure results for its clients, combining the skills of experienced, successful litigators with those of one of the largest and most respected estate planning groups in the field. Together, these attorneys provide clients with results-oriented expertise covering a wide range of fiduciary litigation issues.

Taxation & Tax Controversy:
Hahn Loeser attorneys have the experience and knowledge to guide their clients in a wide variety of tax matters, both for individuals and their businesses. Hahn Loeser attorneys work as a team with the client’s other advisors, including the client’s accountant, banker, insurance professional, financial advisor and trust officer.

Tax Compliance:
In addition to providing sophisticated income, gift, estate and generation skipping tax planning advice and implementation, Hahn Loeser prepares and consults with accountants in the preparation of, a variety of tax returns for clients.