Although we serve clients whose wealth originates from many sources and types of endeavors, we have highly specialized expertise in serving the complex needs of our clients in the entertainment industry. In this respect, we provide such needed, and often critical, services to those clients for whom the firm provides many other broad-ranging services. We are particularly skilled at handling complex estates, such as those encompassing several types of wealth and property, including long-term contractual income rights and intellectual property. Planning is the operative word in this specialty. Survivors or beneficiaries of persons who disregard the estate planning process and die without a properly formed program often find that the wealth that should be theirs has eroded substantially.
Planning is particularly important to safeguard the interests of children.
The planning process should begin early to protect assets and should be reviewed and reevaluated as the size, value and complexity of those assets grow. In the past, estate planning was considered to be a concern only of the elderly. But today individuals learn at a much earlier age that they need to engage in the estate planning process to ensure that their goals are met and that the unexpected does not have a catastrophic effect on their survivors and beneficiaries. A proper estate plan is a plan for living that includes family-wide financial implications. Its principal goal is the orderly transfer of wealth from one generation to the next.