Firm News

LeBlanc & Young and Elizabeth T. High Recognized in Chambers' High Net Worth Guide and James H. Young, II Named 2017 Lawyer of the Year

LeBlanc & Young is honored to have been ranked as a “Band 1” Leading Firm for Private Wealth in the inaugural edition of Chambers and Partners’ High Net Worth Guide. Its High Net Worth rankings are highly selective and based on independent research and interviews with lawyers, family offices, accountants, tax advisers, bankers and investment managers, among others. According to Chambers, LeBlanc & Young is “an extremely high-quality firm. All high-level practitioners.” Read More

Notes From Our Desk

Proposed Rules May Impact Interests in Family Business Entities

The IRS has issued long awaited proposed regulations under Section 2704 of the Internal Revenue Code that would make sweeping changes to the valuation of interests in family business entities for estate, gift, and generation-skipping transfer tax purposes. If they are adopted, the proposed regulations will reduce the availability of certain valuation discounts used in valuing transfers of business interests between family members. Thus, clients considering transfers of interests in family businesses may want to consider implementing those transfers before the regulations are finalized to facilitate more favorable valuations.

Read More