William C. Hussey
William Hussey is a partner in the Firm’s Trusts & Estates Practice as well as a member in the Business & Finance Department. He focuses his practice on private client services, including advising businesses and their owners on business operations, transactions, and succession planning with a particular emphasis on federal, state, local, and international tax issues, and also counseling individuals and fiduciaries on estate and trust planning and administration.
As part of a multidisciplinary team, Bill counsels clients in structuring their business and investment affairs in a tax-efficient manner, from the selection, formation, and operation of business entities to the disposition of those entities. He provides guidance on the ongoing tax obligations and opportunities available to clients in all manner of their domestic and international operations. Bill regularly assists other members of the firm in structuring taxable and non-taxable acquisitions, mergers, and divestitures to maximize the economic potential to clients in those transactions. He also assists clients in resolving tax controversies that may arise at the federal, state, and local levels. He is also familiar with the strategic use of qualified and non-qualified employee benefit and retirement plans to assist businesses in retaining and rewarding their employees and executives, including Employee Stock Ownership Plans (ESOPs).
Another focus of Bill’s practice is counseling individual clients, as well as fiduciaries, on all phases of estate and wealth transfer planning. He primarily concentrates his estate planning practice on business succession, wealth transfer, and asset protection planning for higher net worth individuals, including business owners, executive employees, medical professionals, and their families. From essential Wills, Powers of Attorney and Living Wills, to more complex estate planning devices such as life insurance and other trusts, charitable and lifetime gifting, and family partnerships and LLCs, Bill is able to advise a client on selecting the appropriate tools to carry out the desired disposition of his or her estate, while minimizing the burden that death taxes can have on those plans.
In addition to his primary areas of focus, Bill also advises non-profit clients on issues regarding the qualification and maintenance of tax-exempt status. He has frequently lectured and regularly publishes articles on tax and estate planning topics of current interest.
- Provides state and local tax planning services to national wholesale distributor to ensure proper compliance and achieve significant marginal tax savings.
- Successfully appealed Pennsylvania Capital Stock Tax assessment against a national banking association at both Commonwealth Court and Supreme Court levels.
- Assist numerous high net worth individuals and their families to devise, implement and execute advanced estate planning and business succession strategies that significantly reduced their federal and state death and income tax burdens
- Served as lead counsel to Almo Corporation, a family-owned distributor of appliances, consumer electronics, professional Audio/Video equipment, furniture, and housewares in the United States in its over $600 million sale to DCC Technology, an Ireland-based distributor of consumer, business, and enterprise products from pioneering technology brands. The transaction drew on the experience of Kleinbard’s Business & Finance, Private Client Services and Trusts & Estates attorneys.
Recognition & Accomplishments
Best Lawyers in America (2016-2022)
Pro bono counsel, event chair, board member and president for a number of charitable organizations
Volunteer Coach, Youth Baseball
Matthew Haverstick Quoted on PSERS Board Members’ Non-Disclosure Agreement for Upcoming Meeting