William D Pargaman
Estate Planning & Probate
Whether you own a successful business, enjoy a productive career as an executive or a professional, earn your living from the land through ranching, farming, or oil and gas interests, or are simply a frugal saver, the estate you have built represents a lifetime investment of your energy and resources.
Shouldnâ€™t you think carefully about what will ultimately happen to your estate?
A plan to fit your needs
At Brown McCarroll, our business is helping our clients succeed. The lawyers in our Estate Planning and Probate Group are experts in generational wealth transfer, charitable gift planning, business succession planning, and asset protection. Whether your estate is large or small, you can be assured of a plan tailored to your individual needs and life goals.
If your business has not taken measures to ensure a smooth transition of management when you are no longer its leader, you can benefit from Brown McCarrollâ€™s extensive experience. We can help structure your business to facilitate transfer of ownership and management, or a sale.
Business succession planning or planning for the successful sale of a privately-owned business is often the most important and most difficult planning in the life of a business. And, the most successful business succession planning starts years before the actual transition.
In the case of one family we represent, we advised the first generation owners of a family business in the transfer of the management of the business to the second generation family members who had proven themselves able to manage the business while transferring ownership of the business (worth over $175,000,000) equally to all second generation family members at an estate tax cost of less than $25,000,000 â€“ an effective overall estate tax rate of 14.3% during a period that the estate tax rates applicable to the first generationâ€™s estates ranged from 45% to 55%.
Our commitment to every client
We measure our success by how effective your estate plan is in protecting your hard-earned wealth or the business youâ€™ve nurtured from excessive estate taxes, lawsuits (including divorces), and other claims that may made by the Internal Revenue Service or other litigants. Our commitment to you continues beyond the estate plan â€“ we are there for your family to ensure that your estate plan is implemented during the administration of your estate and to provide advice to your survivors.
Fellow - American College of Trust & Estate Counsel
William D Pargaman
Brown McCarroll LLP
111 Congress Ave #1400
Austin TX 78701-4043
Tel: 512 479-9728
Fax: 512 479-1101
Bill Pargaman has been certified by the Texas Board of Legal Specialization as a specialist in Estate Planning and Probate Law. He is also a Fellow in the American College of Trust and Estate Counsel. Bill's practice involves the preparation of wills, trusts and other estate planning documents, charitable planning, and estate administration and alternatives to administration. Additionally, he represents clients in contested litigation involving estates, trusts and beneficiaries, and tax issues. His practice also includes the organization and maintenance of business entities such as corporations, partnerships, and limited liability organizations.