Trusts and Estates

Protecting Your Future

We serve our clients as trusted advisors, and we have counseled many of them and their families for decades. We take a customized approach to the analysis of our clients' estate planning needs. With our clients’ long-term financial 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, three of our lawyers 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 our clients to proactively address special family needs, including the establishment of trusts, premarital agreements and marital dissolutions.

To ensure lasting success, we work with executors, administrators and trustees to oversee the administration of your estate, from probate and administration proceedings to final accountings and distributions.

Charitable Giving
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.

Name Title Direct Dial Vcard
Ben-Ami, Andrew R. Partner and Chair of Tax Practice Partner and Chair of Tax Practice 212.216.8025 VCard
Greenberg, Lester A. Counsel Counsel 212.216.8033 VCard
Klein, Frank H. Counsel Counsel 212.216.1105 VCard
Lombardo Holt, Marie Trust Administrator Trust Administrator 212.216.1106 VCard
Palumbo, Joann T. Counsel Counsel 212.216.8015 VCard
  • What You Need to Know About Giving Annual Gifts to Children and Grandchildren
    June 5, 2019

    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?
    January 2, 2019

    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. 

  • Dying Intestate After Divorce
    April 16, 2014

    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.)

  • New Tax Law Impacts Estate Planning For Married Couples
    November 10, 2012

    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. 

  • Taking Advantage of the Current Gift and Estate Tax Exemption
    October 18, 2012

    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. 

  • The US Government's Expiring Gift Card
    June 25, 2012

    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. 

  • Divorce and the Unexpected – Do Not Wait to Change Your Will
    December 1, 2009

    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. 

Privacy Policy

We have updated our privacy policy. Click here to view.

I agree