Tax, Estates and Business Practice

Overview

The Morris James’ Tax, Estates and Business Practice has long distinguished itself among others in the region with unrivaled depth of experience, broad-based knowledge, uncommon insight, and outstanding capability in the complexities of taxation, strategic business planning, corporate transactions, and private client services focused in estate planning and administration. Our proficiency in federal tax law, as well as state and local tax issues across the tri-state area, provides the common thread throughout in the comprehensive and coordinated representation of clients in any one or more of these areas.

Closely-Held Business Counsel Group

In representing closely-held businesses and professional practices of all sizes, we combine our interdisciplinary legal skills and experience with a passion for knowledge of each client’s business and industry. Providing sophisticated and cost-effective legal counsel to established closely-held businesses, we are often viewed in a general counsel-type role, applying our versatile skill-set to serve increasingly complex and interrelated tax, business, borrowing, real estate, employment, commerce, regulatory and transition strategic planning and transactional needs. In that role, our Tax, Estates and Business practitioners implement a proactive approach across the board, with coordinated representation that benefits both the business and its owners.

Legal Excellence

Individually and collectively, our practice has been singled out for legal excellence by Best Lawyers, and as “Top Lawyers” by Delaware Today. Our attorneys have been instrumental in the drafting and passage of vital tax and business legislation, including repeal of the Delaware Inheritance Tax, comprehensive update to the Delaware Professional Service Corporation Act, Delaware’s Durable Personal Power of Attorney and Advance Health Care Directive statutes, and a wide range of laws to implement and improve the structure and taxation of Delaware business entities and trusts. In addition, we have been honored around the State as leaders in related bar organizations and for community service.

Advice for Clients' Financial and Legal Representatives

We advise clients and their financial and other legal counsel whose issues and concerns include strategic tax and business planning for their companies, multi-generational wealth transfer with Delaware Advantaged Trusts, special-needs and elder law planning, and practice integration for physicians, medical groups, and other professionals. In all matters, our proactive approach seeks to align business objectives and personal goals to produce optimal and tax-efficient long term results for our clients.