Morris, Nichols, Arsht & Tunnell LLP

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Firm profile for High Net Worth 2020

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High Net Worth 2020
High Net Worth

This firm is also ranked in:

USA 2021

About

This content is provided by Morris, Nichols, Arsht & Tunnell LLP.

Trusts, Estates & Tax Partners: Todd A Flubacher, Thomas R Pulsifer

Firm Overview:
Morris, Nichols, Arsht & Tunnell LLP combines a broad national practice of corporate, intellectual property, business reorganisation and restructuring, commercial law and litigation with a general business, trust, tax, estate planning and real estate practice within the State of Delaware. The firm acts as lead counsel or co-counsel in matters of national and international significance as well as those affecting its immediate community. Morris Nichols is the Delaware representative of TerraLex, a global network of 155 independent law firms and 17,000 attorneys in 100 countries.

Main Areas of Practice:
Trusts, Estates & Tax Overview:

Morris Nichols has a national reputation representing settlors, beneficiaries, attorneys, banks and trust companies in the specialised area of Delaware trust law. The firm regularly works as Delaware trust counsel with attorneys at AmLaw 200 firms around the world and many of the largest financial institutions who have Delaware trust offices, advising through the process of creating Delaware trusts, migrating trusts to Delaware, and modifying, administering and terminating trusts. Firm attorneys routinely work with clients on matters involving petitioning the Delaware Court of Chancery, decanting, trust mergers, legal opinions, releases, and all areas of trust administration.

Delaware Trust Counsel:
Delaware is widely regarded as one of the most advantageous jurisdictions in the world in which to create a trust. For more than 50 years, the Morris Nichols trusts, estates and tax group has acted as Delaware trust counsel to settlors, beneficiaries, attorneys, banks and trust companies. Firm attorneys regularly advise clients on issues pertaining to Delaware trust law and trust administration, moving existing trusts to Delaware, modifying trusts, drafting and reviewing trust agreements, legal opinions and tax and asset protection planning. Attorneys also routinely petition the Delaware Court of Chancery in trust matters. The team has unique knowledge and experience that comes from decades of working on complex matters involving large trusts on behalf of trustees, beneficiaries, advisors and wealthy families.

Estate Planning & Administration:
Firm attorneys work with Delaware clients to help implement estate planning goals ranging from straight-forward to very complex. With many years of experience implementing tax and wealth transfer strategies for its clients, the team has served as personal representatives of Delaware estates, helping them navigate the Delaware probate process and related tax and administrative issues. The Morris Nichols trusts, estates and tax group advises wealthy individuals and families on all matters of estate planning, wealth transfer, business succession planning, and estate, gift and generation skipping transfer tax issues. Attorneys prepare estate plans utilising complex gift and estate planning techniques and regularly assist clients with complex planning strategies such as grantor retained annuity trusts (GRATs), instalment sales to intentionally defective grantor trusts, dynasty trust planning, charitable gifts, qualified personal residence trusts, qualified domestic trusts, special needs trusts, and sophisticated life insurance planning techniques. The group also represents executors of Delaware estates, assisting them through the complicated probate process and related accounting, tax and administrative issues.

Non-Profit:
The Morris Nichols trusts, estates and tax group represents all forms of non-profit companies. With experience working with public charities, foundations and other non-profit entities, the group has handled the process of forming charitable entities and qualifying them as tax-exempt organisations. The group also has advised non-profit boards on regulatory and compliance issues.

Opinions:
Morris Nichols attorneys are often called upon to provide third-party legal opinions on a wide array of Delaware law issues. Leveraging the firm’s experienced opinion practice with deep knowledge of Delaware law, Morris Nichols is able to provide various opinions on complicated transactions, including Delaware trust law and transactions involving Delaware trusts.

Trusts & Estates Litigation:
The Morris Nichols trusts and estates litigation practice is comprised of a team of nationallyrecognised fiduciary litigators and trust and estates attorneys that have a deep understanding of Delaware’s highly-specialised trust laws. The group has represented individual and corporate trustees, as well as beneficiaries, charitable organisations and executors in all types of trusts and estates litigation including, for example: defense of directed trusts, choice of law issues, breach of trust, capacity, undue influence and validity challenges, construction of governing instruments, removal of trustees, creditor claims, and trustee compensation. With extensive experience in both Chancery Court and Delaware Supreme Court cases, the team is well-equipped to handle every stage of litigation from pre-litigation fact review and counselling to settlement negotiations, trial, and appellate proceedings.

Key Clients:
Brown Brothers Harriman Trust Company of Delaware, N.A., Deutsche Bank Trust Company Delaware, Fiduciary Trust International of Delaware, The Goldman Sachs Trust Company of Delaware, J.P. Morgan Trust Company of Delaware, Northern Trust Company of Delaware, The Rockefeller Trust Company (Delaware), US Trust Company of Delaware, Wilmington Trust Company.

High Net Worth

This firm is also ranked in:

USA 2021

Ranked Departments

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Delaware

Private Wealth Law
Band 1

Top Ranked Departments

Ranked Individuals

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Delaware

Private Wealth Law


Thomas R Pulsifer
Band 1
Todd A. Flubacher
Band 1

Top Ranked Individuals

Band 1
Thomas R PulsiferPrivate Wealth Law
Todd A. FlubacherPrivate Wealth Law

Ranked Offices

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

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Head Office

firm
Head Office

1201 North Market Street

Wilmington

Delaware

USA

DE 19801

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