G.P. Diminich

Charleston Managing Partner, Wealth Strategies Regional Service Line Leader

Recognized as a leader in his field in Chambers High Net Worth Guide (2018 - 2022), G.P. is renowned for his private wealth management work and related specialties. He routinely represents high-net-worth individuals, corporations, and privately held businesses on a variety of sensitive and complex estate and business planning matters including:

  • Taxation (state and local)
  • Mergers & acquisitions
  • Business litigation
  • Estate planning and probate administration
  • Probate and estate litigation
  • Tax controversy
  • Real estate planning

In addition, G.P. is a Certified Specialist in Taxation Law and a Certified Specialist in Estate Planning & Probate Law, distinctions given by the Supreme Court of South Carolina. G.P. has been elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC), a Fellow of the American College of Tax Counsel (ACTC), and a Fellow of the American Bar Foundation (ABF).

In his practice, G.P. represents corporate clients on such diverse matters as the purchase and sale of businesses, shareholder agreements, operating agreements, shareholder buyouts, executive compensation arrangements, and business succession planning. He regularly works with individual clients on income and estate planning matters in the formulation and implementation of strategies to reduce taxation, protect and preserve assets, and facilitate the transfer of assets among family members, foundations, and charities.

A trusted and confidential advisor, G.P. counsels personal representatives, trustees, beneficiaries, and creditors on all phases of the estate probate and trust administration process, including ancillary administration and tax audits. He also advises real estate developers and investors in such matters as the formation of real estate ventures and on the tax planning aspects of the purchase, sale, and exchange of commercial and investment property. He is a frequent lecturer in seminars for attorneys, CPAs, and financial planners on such diverse topics as estate planning, trust and probate administration, limited liability companies, S corporations, and other tax-related topics.

Media Mentions: 

  • Designed numerous estate and business succession plans for closely held business owners involving business interests valued in excess of $100 million, utilizing tax-efficient planning arrangements, including intentionally defective grantor-retained annuity trusts (IDGTs), sales to grantor trusts, charitable lead trusts, private foundations, various life insurance plans, defined value clauses, qualified personal residence trusts, family limited partnerships, generation-skipping trusts, and other appropriate arrangements.
  • Structured business entities, buy-sell agreements, operating agreements, partnership agreements, and various entity governance arrangements among family members and nonfamily members to facilitate business planning operational goals and to coordinate business succession planning with personal estate planning of the business owners.
  • Represented executors and trustees of multigenerational trusts with respect to fiduciary and investment issues, including the use of private settlement agreements and decanting to achieve certain family goals, and the formation and subsequent restructuring of family LLCs designed to coordinate investment management among various family trusts.
  • Represented purchasers and sellers in mergers & acquisitions transactions with a particular emphasis on income tax and estate tax savings, with transactions ranging from small-to-medium-sized purchase value amounts to others in excess of $100 million.
  • Represented trustees, executors, and beneficiaries in litigated probate and trust matters involving will and trust contests and construction disputes before the probate court, circuit court, and U.S. District Court.
  • Represented shareholders, partners, owners, and officers in business litigation matters involving shareholder disputes, breaches of fiduciary duty, and forced buyouts.
  • Advocated on behalf of taxpayers under IRS audit and before the U.S. Tax Court in matters involving estate and gift tax audits, income tax liabilities and trust fund penalties.

PUBLICATIONS

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