Sally Saab

Experience

Represented the founder of a fast-growing manufacturing/technology company, providing income and gift tax advice related to the gift and sale of stock, including assessing the applicability of Code section 1202 (Qualified Small Business Stock) benefits. Reviewed and drafted agreements in connection with related transactions.
Reviewed a client’s investment portfolio and provided strategic analysis and advice regarding state taxation following a potential departure from California.
Advised a client in responding to a residency audit by the California Franchise Tax Board, resulting in a favorable outcome.

Provided estate planning for multiple generations of the same family, helping to develop the family legacy envisioned by the first generation and optimizing the tax consequences of the transfer of wealth at each level.
Drafted and obtained tax-exempt status recognition for a family charitable trust, working with a family wealth advisory team to carry out the clients’ charitable objectives. Coordinated this planning together with the remainder of the clients’ estate plan.
Worked with counsel in France to properly structure estate planning with respect to real property located in France. Coordinated California estate planning with planning for French assets.

Advised co-trustees and beneficiaries of an estate heavily invested in California real property, helping to develop an ownership structure to minimize future property tax reassessments and family conflicts.
Represented a beneficiary of an estate constituted primarily of interests in a family operating business and related real property, which involved working with a litigation attorney to assess the prospect of success in litigation.

Advised the principals of a service company with respect to the ongoing maintenance of employee agreements, bonus and other incentive and retirement benefit structures and corporate maintenance matters.
Advised the principal of a real estate development company in connection with the purchase by a key employee of an interest in the management partnership. Drafted restatement of the partnership agreement to account for the partners’ relative rights and ownership.
Successfully negotiated a settlement agreement to divide real estate interests between a client and the spouse of his predeceased sibling, accounting for property and income tax issues in connection with the transaction and optimizing the ownership structure of the client’s property interests thereafter.
Performed a holistic review of the entity organization and agreements for a high-net-worth family’s real estate investment portfolio, identifying and implementing strategies to minimize future family conflict and property tax reassessment risk in connection with the transfer of interests to the next generation. Coordinated business planning with estate planning.