In his wealth planning practice, John is a strategic ally to executives of Fortune 500 companies, successful entrepreneurs in private business and managing directors and investors in hedge and private equity funds. He serves as "personal general counsel" to an elite national client base, developing and implementing wealth preservation strategies that serve their nuanced financial and social goals. John has broad experience and deep knowledge regarding the development and use of family mission statements and family constitutions. His personal general counsel model is ideal for handling the needs of family and closely held business owners.
Personal General Counsel
Having worked with numerous Fortune 500 CEOs, John understands that the foundation of wealth planning is built through a team effort. He works with clients' financial advisers, accountants and insurance consultants to develop and perpetuate a strategic wealth agenda. John's approach focuses on building close client relationships by understanding their personal goals and ambitions, which creates opportunities to create an integrated team and plan provides comprehensive support. As personal general counsel, John is a sounding board, counselor and legal coordinator for the myriad personal and business issues facing high-net-worth individuals.
Wealth Preservation Strategies
Recognizing that an individual's wealth consists not only of financial assets, but also "human assets" and "societal assets," John works with his clients over their lifetimes. By devising and implementing various strategies, he and his team help clients achieve their wealth preservation and asset protection goals and navigate complexities that arise with securing their legacy.
John has helped clients pass millions of dollars to future generations through tax minimization and wealth transference strategies (such as Grantor Retained Annuity Trusts (GRATs), Family Limited Partnerships and frozen partnership interests), working with each generation on the stewardship of wealth as it relates to financial and social responsibility in an effort to avoid the "shirtsleeves to shirtsleeves in three generations" syndrome. One of the core principles of his practice is implementing active planning and maintenance strategies to achieve clients' goals. Working with a number of private equity principals to transfer value before realizations over the past 15 years, John has effectively saved these clients more than $100 million in estate taxes.
For many years, John has focused on the multidisciplinary needs of family-held enterprises. Their unique legal demands require a more comprehensive approach to wealth planning. Starting in the late 1980s, he was instrumental in founding the Attorneys for Family-Held Enterprises (AFHE), serving for more than a decade as its president. The studies and discussions that have been advanced at the association's meetings have helped John cultivate a national client base of family businesses that rely on him to manage a range of generational transition problems. He also works with owners developing family mission statements and constitutions, utilizing the latter to develop a comprehensive overall forum which assists in the oversight of the constituencies of a family business.
As a thought leader in his field, John has been quoted in many major news publications and has appeared on Bloomberg Radio. He also writes extensively, including articles on the concept of the personal general counsel.
Before Fox Rothschild
Prior to joining Fox Rothschild, John was a partner in the private wealth services group at a global law firm.
Honors & Awards
- Named to "The Best Lawyers in America" list for Litigation - Trust and Estates (2018-2021) and Trust and Estates (2021) in New York by Best Lawyers
- Chambers High Net Worth Guide, Private Wealth Law
- Eastern Region (2017, 2020)
- New York (2016-2020)
- Nationwide (2016, 2018)
- Chambers USA, Wealth Management, Eastern Region, (2006-2016)
- "World's Leading Trusts and Estates Practitioners," Legal Media Group's Expert Guides (2011)
- Named among "Top 100 Attorneys," Worth Magazine (2005, 2007)
- A recognized "Private Client Lawyer," USA, PLC Which Lawyer?