Mr. Hyche's work in the wealth transfer planning area concerns all aspects of estate, gift, and generation-skipping transfer tax planning, including complex wills and revocable trusts, generation-skipping trusts, dynasty trusts, spousal lifetime access trusts, grantor retained annuity trusts, charitable remainder trusts, charitable lead trusts, charitable foundations, family limited partnerships, qualified personal residence trusts, sales to intentionally defective grantor trusts, post-mortem planning, and estate and gift tax returns.
In the trusts and estates area, he represents trustees, personal representatives, and beneficiaries during the administration process, and he is involved with the decanting, modification, reformation, and termination of irrevocable trusts.
He frequently advises clients on the complex issues related to withdrawals from and designating beneficiaries of qualified plans and IRAs; and on establishing non-profit corporations and qualifying the non-profit corporations for tax-exempt status with the Internal Revenue Service.
He advises individuals, trusts, and business entities in disputes with the Internal Revenue Service and the South Carolina Department of Revenue.
He focuses on representing owners of family businesses and other closely held businesses in regard to the unique tax and nontax planning opportunities available to these businesses and their owners including the development of a practical and comprehensive business succession plan.
Mr. Hyche's work in the tax and business transactions area includes structuring purchases and sales of business interests and real estate; formation of partnerships, limited liability companies, and corporations; structuring and drafting partnership agreements, operating agreements for limited liability companies, and shareholders' agreements for corporations; structuring incentive stock option plans; and implementing like-kind exchanges.
His clients consist of a broad range of individuals, trusts, estates, corporations, family-owned businesses, private foundations, and other tax-exempt organizations.