Primary Office
Personal Wealth, Estates and Trusts
- Located a significant error by a national accounting firm in preparation of a client's gift tax return, assisted client in mitigating the GST tax consequences of the error by carrying out a qualified severance of the trust, and assisted in obtaining a settlement for the client.
- Successfully filed for "9100" relief to request late allocation of GST exemption.
- Assisted with defense of a gift tax audit that reduced the gift tax assessment from a tax due of more than $5 million to a tax due of less than $600,000.
- Structured a client's redemption of stock in an amount in excess of $100 million from the family business without harming the business cash flow.
- Prepares and reviews IRS tax returns, including forms 1041, 5227 and 1023.
- Advised on modifications of irrevocable trusts in order to account for changes in income and estate tax laws; changes in personal circumstances; changes in the law of trusts; and generally to become more efficient.
- Recovered nearly $400,000 of an inheritance that the client's step-parent, through actions as a trustee and beneficiary of a trust, had fraudulently masked over many years.
- Secured a favorable estate tax savings of nearly $300,000 after the death of the family patriarch by using a rarely used planning technique.
- Recovered nearly $300,000 in overpaid estate taxes resulting from an error committed by another lawyer.
- Assisted clients in transitioning trusteeship of a large trust in wake of concerns of breach of fiduciary duties.
- Negotiated premarital and postnuptial agreements.