Sally Saab focuses her practice on U.S. federal, income, estate, gift and generation-skipping transfer tax matters as well as California state and local income, documentary transfer, and property tax matters.
Clients rely on Sally for business tax advice, from entity formation and asset acquisitions and dispositions to executive agreements and incentive arrangements (including profits interests and 409A deferred compensation plans), and restructuring. Sally represents businesses and their owners across various industries, with a focus on real estate sponsors and capital partners. As an extension of her transactional tax practice, Sally drafts joint venture, operating, partnership and tenancy in common agreements governing the ownership and operation of real estate and other business interests. She also advises clients with respect to Code section 1031 tax-deferred exchanges and has experience representing fund managers in the preparation of real estate fund documents.
Sally is also a trusted resource for individuals and families planning for future generations. She provides practical counsel on wealth transfer and family business succession. She crafts personalized trust agreements and other estate planning documents that align with client goals for their legacy and account for attendant tax consequences.
Sally also regularly represents trustees in the administration of complex trust estates, addressing such matters as fiduciary duties and liability issues faced by trustees as well as tax and practical questions relating to trust assets.