Jay Oppenheim advises high net worth individuals, families, and business owners on how to preserve their wealth, facilitate business succession, minimize tax liabilities, protect assets, and achieve philanthropic goals.
Jay’s estate planning experience spans foundational documents (such as wills, powers of attorney, and health care directives) to complex succession strategies. He designs and drafts revocable, irrevocable, and testamentary trusts, including:
- Spousal lifetime access trusts (SLATs)
- Irrevocable life insurance trusts (ILITs)
- Intentionally defective grantor trusts (IDGTs)
- Beneficiary defective inheritor’s trusts (BDITs)
- Qualified personal residence trusts (QPRTs)
- Grantor retained annuity trusts (GRATs)
- Dynasty trusts
- Charitable trusts
- Credit shelter trusts
- Marital trusts
- Generation-skipping transfer (GST) tax trusts
He also advises on modifying irrevocable trusts through decanting and non-judicial settlement agreements.
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Jay assists clients with the administration of trusts and estates from inception to termination, including providing counsel on fiduciary duties and risk management. He also represents fiduciaries and beneficiaries in disputes involving trusts and estates. In addition, Jay prepares and reviews fiduciary, gift, and estate tax returns.
Jay’s trusts and estates practice is enhanced by his previous work for an insurance brokerage, where he worked with high net worth clients to design and implement advanced life insurance strategies. His work focused on premium-financed policies, policy rescues, and life settlements, deepening his understanding of various life insurance products and techniques used in estate planning.