Administer probate estates (with or without a Will) and trusts (revocable and irrevocable); plan, research and compliance regarding federal and state death and other tax laws and the transfer of wealth; draft business documents, including contracts and operating documents (i.e. board of director and shareholder minutes, operating agreements, buy-sell agreements, etc.) for corporations, partnerships, limited liability companies, tax exempt organizations and other entities. Clients include owners and executives of large, medium and small businesses. Advise on business and transactional matters such as the purchase and sale, formation, maintenance and dissolution of business entities; like-kind exchanges, condemnations and use of foreign corporations and limited liability companies in owning real property; choice of domicile and residency (as between states as well as foreign), etc.
Experience in estate, income and gift tax audits, planning for income in respect of a decedent, preparation of estate (forms 706 & 706NA), gift (form 709) and fiduciary (form 1041) tax returns, filings for charitable and other tax exempt organizations, and the creation and operation of individual retirement accounts (IRAs) (rollovers, beneficiary designation forms, minimum required distributions, unrelated business taxable income and prohibited transactions). Advise executors, trustees and successor trustees and executors. Advise beneficiaries of trusts and estates, including surviving spouses.
Wills
Prepare, update and advise on powers of attorney (health care or property), wills and trusts in estate planning: including qualified domestic trusts, grantor retained interest trusts, lifetime QTIP trusts, qualified personal residence trusts, irrevocable life insurance trusts, gifts in trusts (such as trusts for minors, for disabled persons (special needs trusts), etc.), living wills, disclaimers, charitable remainder and other charitable trusts; planning for and research in federal and state death tax laws, including generation-skipping, gifts to charities, tax apportionment, non-resident and resident aliens (non-citizens), family limited partnerships, special use and alternate valuation, sales between related parties, grantor trusts, and installment tax payments. Business planning including formation, taxation and operation of corporations, partnerships, limited liability companies, tax exempt organizations (such as public charities, private foundations, clubs, chambers, etc.) and other entities (such as 401(k), pension and profit sharing plans, etc.).