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Services
Lally & Co. provides the following services for Affluent Families:Family Office
• Bill paying
• Quarterly tax payments
• Maintain billing files
• Monitor cash flow
• Cash transfers among family
• Charitable contributions
Charitable Trusts
• Private foundations
• Charitable lead trusts
• Charitable remainder trusts
• Contribution strategies via trusts
• Lifetime cash flow planning
• Combining charitable and estate plan
Family Trusts
• Irrevocable life insurance trusts
• Generation skip trusts
• Marital trusts
• QTIP trusts
• Defective grantor trusts
• Distributable net income
• Fiduciary accounting income
• Beneficiary distributions
• Income vs. corpus
Family Limited Partnership
• General partner compensation
• Valuation opinions
• Partnership tax compliance
• Special allocations of income and loss
• Transfer strategies
• Partner capital accounts
• General partner control issues
• Annual cash distributions
• Family meetings
Gift/Estate Planning
• Control issues
• Utilization of trusts
• Sales to defective trusts
• Crummy powers
• Annual gifting program
• Gift tax returns
• Discount valuation strategies
• Insurance strategies and products
Multiple Businesses
• Holding company structure
• S-Corp, C-Corp, LLC, partnership
• Recapitalization strategies
• Mergers and acquisitions
• Transfer of ownership
• Debt covenants
• Simplified ownership matrix
• Multi-state issues
• Exit strategies
Complicated Investments
• Hedge fund reporting
• Passive vs. non-passive
• Single stock concentration
• Leveraged transactions
• Tax basis calculations
• State tax issues
• Prepaid forward contracts
Coordination of Advisors
• Quarterback transactions
• Independent overview of strategy
• Organize the team
• Translate/simplify strategy
• Implementation/follow-through
News and Events
Lally & Co. Celebrates 25th Anniversary
Lally & Co. is celebrating 25 years of simplifying and solving our clients’ complex tax and business issues.
Read More.
Lally & Co. is celebrating 25 years of simplifying and solving our clients’ complex tax and business issues. Read More.
Lally & Co. Unveils New Brand Identity
To better reflect Lally & Co.’s distinct way of serving clients, the firm has undergone a brand unveiling. Click here to learn more.
To better reflect Lally & Co.’s distinct way of serving clients, the firm has undergone a brand unveiling. Click here to learn more.