WardChisholm

Ward Chisholm, P.C. has developed a niche in cross-border planning for Canadian residents. The goals in working with Canadian clients are to answer their questions about the U.S. tax system, clearly explain the circumstances in which compliance with the revenue laws of the United States is necessary, and offer tax-effective solutions to minimize U.... S. income, gift and estate tax obligations. This practice focuses on advising individuals and entities who are doing business in the United States in implementing ownership structures that allow residents of Canada to acquire U.S. real estate and business interests without becoming subject to U.S. estate taxation. The firm works closely with Canadian tax, legal and insurance advisors to review the recommendations provided to our Canadian clients in order that U.S. solutions are properly coordinated with Canadian tax and legal issues. The core focus of the firm's practice is integrated tax planning for owners of privately-owned businesses. Ward Chisholm, P.C. structures the relationship between the business, the owner and the owner's family so as to provide for the owner's retirement, education of the family's children and diversification into other investments in a tax-efficient manner. We design and implement most transactions arising during the life cycle of a business, including entity selection for start-ups, protection of business and personal assets from litigation and creditor claims, design of capital infusions, employment relationships and equity participation, corporate reorganizations, and sales and acquisitions. Ward Chisholm, P.C.'s wealth transfer practice extends beyond preparation of traditional estate planning documents (wills and trusts) to a broader array of transactions intended to minimize and avoid U.S. gift and estate taxation. These techniques (commonly referred to as "estate freezing transactions") shift appreciation in business and investment assets to younger-generation family members without estate and gift taxation while enabling ...Read More