We serve our clients as trusted advisors and we have counseled them and their families for decades. We take a customized approach to the analysis of their estate planning needs. With our clients’ long-term goals in mind, we develop comprehensive wealth transfer strategies that will minimize future tax impacts and protect our clients’ financial security across generations.
The Trusts and Estates Practice Group guides individuals, families, and fiduciaries in the development of practical estate planning strategies. We also provide counsel on more complex matters, including personal and business succession planning, international estate planning, liquidity needs, charitable giving and litigation.
Recognized as leaders in their field, two of our attorneys are Fellows of the American College of Trust and Estate Counsel (ACTEC), an association of distinguished estate planners.
Planning and Administration
Today’s tax rules require more complex planning. In the development of your estate plan, we take into account all aspects of the complex federal and state laws and regulations that affect transfers of wealth. We work closely with the Tax, Corporate and Real Estate Practice Groups to identify optimal strategies for the protection and disposition of your assets. We empower you to proactively address special family needs, including the establishment of trusts, premarital agreements and marital dissolutions.
For clients who have philanthropic interests, we advise on the ideal framework for charitable giving and endowments such as lifetime gifts, bequests and charitable remainder trusts. We create tax-exempt family foundations that can keep families together while providing practical vehicles for donations.
We represent fiduciaries and beneficiaries in disputes involving estates, trusts and related businesses. We strive to resolve matters expeditiously and cost-effectively.
|Ben-Ami, Andrew R. Partner||Partner||212.216.8025|
|Greenberg, Lester A. Counsel||Counsel||212.216.8033|
|Klein, Frank H. Counsel||Counsel||212.216.1105|
|Lombardo Holt, Marie Trust Administrator||Trust Administrator||212.216.1106|
|Palumbo, Joann T. Counsel||Counsel||212.216.8015|
Partner Stephen L. Ferszt has been elected to the American College of Trust and Estate Counsel (ACTEC) Employee Benefits in Estate Planning Committee for 2015-2016.
Tarter Krinsky & Drogin LLP is pleased to announce the addition of Alex Spizz, Perry L. Cohen, Arthur Goldstein, Paul Richard Karan and Jill Makower.
We are pleased to announce that Joann T. Palumbo has joined the firm as Counsel.
Joann Palumbo, Partner in Tarter Krinsky & Drogin’s Trust and Estates Practice, was featured in the NY Family Law Monthly section of Law Journal Newsletters. The article titled “Dying Intestate After Divorce” discusses how it is essential for divorced parents to have a signed will and the consequences for lacking one.
I have been practicing law for over 25 years, but I am still shocked when I hear that a person who spent so much time, effort, and money in a divorce proceeding has not taken the time to confer with an attorney and sign a will. (For purposes of this article the client will be a deceased female with an ex-spouse who is a male.)
The Tax Relief Act of 2010 introduced the concept of “portability” to estate tax planning. Portability allows a surviving spouse to use their predeceased spouse’s unused federal estate tax exclusion amount.
The current $5,120,000 gift and estate tax exemption is set to expire on December 31, 2012. With time running out as the year winds down, Tarter Krinsky & Drogin has counseled clients about making gifts of securities portfolios, business interests and art work to their descendants or to trusts for their descendants’ benefit before year-end.
When the ball drops in Times Square this coming New Year's Eve, your heir’s inheritance could very well go down with it, straight into the federal government’s coffers. The generous estate tax planning opportunity that Congress has given taxpayers is set to expire on December 31st, and it's unlikely Congress will extend it. If Congress does not act, the current combined federal gift and estate tax exemption of $5,120,000 will revert to $1,000,000.
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 throughthe 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.
As federal law stands now, the estate tax will expire at the end of 2009 and there will be no tax in 2010, but the tax will return in 2011. Congress is expected to take action so that an estate tax will continue without interruption in 2010, but there may be changes to the estate tax rules. In changing or extending the estate tax, Congress may curtail or disallow certain tax-saving techniques. In addition, the current economic environment provides opportunities for significant estate and gift tax savings.