Joann T. Palumbo

Counsel

P 212.216.8015   F 212.216.8001
1350 Broadway
New York, NY 10018

 
P 212.216.8015   F 212.216.8001   jpalumbo@tarterkrinsky.com

Having practiced trusts and estates law with major New York City firms since 1986, Joann T. Palumbo has deep experience in estate planning and estate and trust administration, including representation of individuals and institutions. She is experienced in Surrogate’s Court proceedings, as well as in estate and fiduciary income tax and estate-related intellectual property issues.

Joann offers clients a broad range of trusts and estates services:

  • Estate planning from relatively simple plans to complex and sophisticated ones, using wills, living trusts, personal residence trusts, grantor annuity trusts, and other techniques to minimize estate taxes; including business succession planning, estate planning with gifts or bequests to charities or charitable trusts, and estate planning for writers, artists and performers
  • Estate and trust administration, including probate, estate tax return preparation, judicial and non-judicial settlements of estates and post-mortem tax planning; as well as representing clients in Surrogate’s Court proceedings, including appointment of successor trustees, resignations and removals of trustees, and change of tax situs of trusts
  • Counseling clients with a view towards reducing estate taxes and promoting family harmony, including: the use of trusts for children as a “prenuptial agreement” substitute, as creditor protection or as spendthrift protection, and the use of trusts for special needs children; counseling and planning for couples in second marriages with complex family issues; counseling and planning for non-traditional families and same-sex couples; and counseling and planning for unmarried individuals with or without children
Education
  • Fordham University School of Law, J.D. 1984
    • Fordham Law Review
  • State University College at Oneonta, B.A. 1973
Admissions
  • New York
  • U.S. District Court, Eastern District of New York
  • U.S. District Court, Southern District of New York
Awards and Honors
  • New York Super Lawyers, 2006-2019
Memberships
  • Fellow of the American College of Trust and Estate Counsel
  • Adjunct Associate Professor at Fordham University School of Law
  • Member of the Trusts and Estates Law Section of the New York State Bar Association
  • Served from June 2005 to June 2008 as a member of the Committee on Estate and Gift Taxation of the New York City Bar Association
Articles
Speaking Engagements
  • Frequent speaker at seminars on estate planning

News

Events

  • TIPS for Parents and College Students: Add Health Care Advance Directives to Your School Packing List

    As students return to colleges and universities across the United States amid COVID-19 concerns, students, their parents and their families should ensure that arrangements for the student’s medical decision-making for an emergency are made. These arrangements will protect the student if they cannot make medical decisions for themselves and ensure that their loved ones will be entitled to receive protected Medical information. It is important, and often forgotten, that anyone over the age of 18 is legally an adult and can no longer rely on the legal authority of their parents as their legal guardian to help them make medical decisions.

  • Getting your Life and Estate Planning Documents in Order during a Health Crisis

    As the world searches for a new normal, it is more important than ever to make sure that the interests of you and your loved ones are properly protected. We have compiled the below list of the basic life and estate planning documents that we recommend every adult (individuals over 18) have in place.

  • Our Top 10 Legal Alerts from 2019

    As we start a new year, we would like to share with you some of our most popular legal alerts from 2019.

    Our top-read alerts range from construction, labor & employment, tax, immigration, trusts & estates, cooperatives & condominiums, real estate, corporate & securities, litigation and intellectual property, reflecting the broad array of our full-service practice. We hope that our alerts have been valuable to you and your colleagues, and demonstrate our commitment to providing helpful information to you.

  • How The SECURE Act Will Affect Your Retirement Accounts

    The SECURE Act was enacted into law. It is effective on January 1, 2020. The Act makes significant changes to the existing landscape of retirement accounts.

  • What You Need to Know About Giving Annual Gifts to Children and Grandchildren

    Many of our clients like to make annual gifts to their children and grandchildren. Such gifts may be subject to a gift tax (to be paid by the donor), however, federal law offers certain exceptions that can help gift givers enjoy a bit of tax relief while still generously sharing their wealth with the next generations.

  • Why You Should Create a Will: What's Stopping You?

    Having a will is imperative to ensure that your money and belongings are distributed according to your wishes after your death. Wills can distribute property, name an executor and guardians for children, forgive debts and more. If you pass away without a will, your estate will be settled in accordance with state law. In this alert, Trusts & Estates counsel Joann Palumbo explores the reasons why people do not create a will and what happens to your assets without a will. 

  • Divorce and the Unexpected – Do Not Wait to Change Your Will

    When going through a divorce, there are almost no limits to the number of personal, financial and logistical issues the soon-to-be former spouses must confront. One issue that sometimes falls through
    the cracks is the need to create and execute a new will to reflect post-divorce realities. Too often, though, the task of changing a will is put on the back burner; sometimes, until too late. 

Education
  • Fordham University School of Law, J.D. 1984
    • Fordham Law Review
  • State University College at Oneonta, B.A. 1973
Admissions
  • New York
  • U.S. District Court, Eastern District of New York
  • U.S. District Court, Southern District of New York
Awards and Honors
  • New York Super Lawyers, 2006-2019
Memberships
  • Fellow of the American College of Trust and Estate Counsel
  • Adjunct Associate Professor at Fordham University School of Law
  • Member of the Trusts and Estates Law Section of the New York State Bar Association
  • Served from June 2005 to June 2008 as a member of the Committee on Estate and Gift Taxation of the New York City Bar Association
Articles
Speaking Engagements
  • Frequent speaker at seminars on estate planning

Joann Palumbo

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