H. Carter Hood

H. Carter Hood


Ivins, Phillips & Barker, Chartered

Recognized since 2012

Washington, District of Columbia

Practice Areas

Closely Held Companies and Family Businesses Law

Tax Law

Trusts and Estates

Lawyer of the Year Badge - 2023 - Closely Held Companies and Family Businesses Law
Lawyer of the Year Badge - 2023 - Closely Held Companies and Family Businesses Law
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Carter provides tax advice and other guidance to domestic and foreign individuals and their closely held businesses. In addition to preparing wills and a wide variety of trusts, Carter has established family limited partnerships and limited liability companies and implemented the sale of family businesses to grantor and non-grantor trusts. He has administered estates, established private foundations, advised clients on pre- and post-nuptial agreements, provided post-mortem tax planning advice and represented taxpayers before the Internal Revenue Service in audits and appeals.

Representative Matters

Designed and implemented pre-IPO estate planning that used GST-tax exempt trusts, GRATs and other grantor trusts funded with carried interests in LLCs as well as traditional LLC interests. Worked extensively with real estate attorneys, securities attorneys, lenders, investment bankers and accountants to design an estate plan that would not interfere with the proposed IPO.

Prior to sale of French company owned through U.S. limited partnerships and LLCs, established GRATs to benefit children and a CLUT with the family foundation receiving the lead interest and a GST-exempt trust receiving the remainder. Worked with French attorneys and IRS to obtain reduced tax withholding rates for GRATs under U.S.-French Income Tax Convention.

Helped U.S. beneficiary reduce income taxes after becoming successor beneficiary of foreign non-grantor trusts with decades of undistributed net income, as well as investments in foreign corporations that constituted PFICs, CFCs and/or FPHCs for U.S. income tax purposes.

Contact & Links

Location

  • 1717 K Street, NW, Suite 600
    Washington, DC 20006-5343

Education

  • Harvard University, AB, graduated 1991

Bar Admissions

  • District of Columbia, The District of Columbia Bar
  • Virginia, Virginia State Bar

Affiliations

  • American College of Trust and Estate Counsel - Fellow
  • Bloomberg BNA Tax & Accounting - Advisory Board Member
  • Georgetown University Law Center - Adjunct Professor

Lawyer of the Year Badge - 2023 - Closely Held Companies and Family Businesses Law

Named "Lawyer of the Year" by Best Lawyers® for:

  • Closely Held Companies and Family Businesses Law, Washington, D.C. (2023)

Recognized in The Best Lawyers® in America 2023 for work in:

  • Closely Held Companies and Family Businesses Law
  • Tax Law
  • Trusts and Estates

Special Focus

  • Estate Planning
  • Income Tax

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