Many of the individuals that I provide estate planning advice to are business owner clients who have significant assets that they desire to protect from estate tax and possible creditor attack at the same time as passing those assets on to relatives, typically children and grandchildren. I utilize very creative techniques in dealing with succession planning and asset protection that minimize or eliminate exposure to estate tax. The best estate planning technique is to eliminate any exposure to estate tax rather than continuously changing an estate plan based upon changes in law and tax rates. I can assist those who choose to utilize traditional estate planning techniques to minimize estate tax rather than more creative techniques to eliminate estate tax.
No matter what level of assets a client has, many need hands-on help to “thread-the-needle” in dealing with many confusing tax and property laws. As both an Attorney and a Certified Public Accountant (CPA), I have an understanding of both the property laws and tax laws that must be considered in protecting assets for the client and passing them on to beneficiaries including the spouse, children, grandchildren, friends, and charities. Since I am also a CPA, I can work closely with your CPA to develop and implement an estate plan based exclusively upon your needs and desires, assets, and personal tax picture.
I work in both New York and Florida and can assist individuals who reside in either state especially those who own real property in both states.