Phil Hilliard’s practice focuses on estate planning, tax planning, and business planning for closely held companies.
Phil has experience advising and assisting high-net-worth individuals and families on all aspects of their estate plans, including forming strategies for lifetime gifts, establishing revocable and irrevocable trusts designed to minimize estate tax, and succession planning for the transfer of a family-owned business. In tailoring estate plans to suit each client’s unique estate planning preferences and objectives, Phil has experience with the following:
- Revocable living trust;
- Irrevocable trust;
- Irrevocable life insurance trust;
- Grantor retained annuity trust (GRAT) and grantor retained unitrust (GRUT);
- Spousal lifetime access trust (SLAT);
- Intentionally defective grantor trust (IDGT);
- Charitable planning, including charitable lead trusts and charitable remainder trusts;
- Family limited partnership;
- Single asset limited liability company; and
- Single purpose limited liability company.
Phil also has experience advising clients on tax compliance and tax controversy matters, including extensive work on IRS audits of estate tax returns, and advising and assisting clients in probate and trust administration.
