Tax, Trusts and Estates
Headed by Gary H. Friedenberg, this group of attorneys understands that tax considerations are essential to the structure of practically every business transaction. We help businesses, charities, and individuals with federal, state and local tax planning across a broad spectrum of matters. We help our clients to choose the most advantageous legal and tax form in which a new business should be organized. We are experienced in structuring and advising partnerships, limited liability companies, S corporations and C corporations.
We advise businesses on tax matters affecting all aspects of their operations and we advise on the structure of strategic transactions. We consult on the preparation of shareholder and partnership/LLC agreements, the resolution of shareholder disputes, the structure of executive and deferred compensation arrangements and the settlement of litigated business matters.
We advise real estate investors on income tax and New York transfer tax matters concerning acquisitions, refinancing, leases, dispositions, and like-kind exchanges of real property.
Our attorneys regularly represent individuals and business before the Internal Revenue Service and New York State Department of Taxation and Finance.
Our attorneys possess an in-depth knowledge of the legal, tax and personal issues that accompany planning an estate. They understand all aspects of estate planning, including the transfer of a closely-held business, planned giving, asset protection, minimizing estate, gift and income taxes. Our attorneys' experience in drafting wills, trusts, health care proxies, living wills and powers-of-attorney ensures that our clients' wishes are carried out.
Trust and Estate Administration
We efficiently manage the disposition of clients' estates, from probate through final accounting. Our attorneys address the needs of surviving family members and counsel fiduciaries in the best way to manage a decedent's assets. We provide advice and representation on federal and New York State estate, gift and income tax issues that affect the estate or trust, its beneficiaries or fiduciaries.
Our attorneys are experienced in all facets of trust administration, taxation and termination. We advise trustees on issues involving investment rules, accounting, minimizing tax consequences and distribution. We successfully represent trustees, beneficiaries and remaindermen in litigated trust matters.
Attorneys practicing tax, trust and estates
Gary H. Friedenberg
Rudolf J. Karvay
Terence E. Smolev