In the wake of the 2020 election, many expect that the Biden administration will seek to engage Congress to enact new tax legislation in order to raise revenue to pay the costs associated with the pandemic and other government programs. The administration’s ability to set policy will be impacted by the final results of several…
JEFFREY B. KOLODNY
PARTNER
Jeff Kolodny advises clients on complex international and domestic estate planning and administration, with a focus on wealth preservation through effective tax planning, structuring, and personal planning for high-net-worth individuals, multinational families and family-owned businesses.
Practices
About
Jeff handles a wide range of estate planning, tax, and other legal matters for international and domestic clients. He frequently advises clients with respect to their wealth transfer and tax planning, obligations as fiduciaries, and rights as beneficiaries of estates and trusts. He also represents fiduciaries and beneficiaries in accounting proceedings, will contests, and other Surrogate’s Court proceedings.
Jeff frequently counsels managers of hedge funds and private equity funds in connection with their transfer tax planning and also advises family-owned businesses regarding the development and implementation of business succession plans.
For international clients, Jeff often creates plans and structures that achieve wealth transfer and other objectives while minimizing taxes when multiple legal and tax systems apply. He frequently represents foreign individuals acquiring or owning U.S. property, individuals and fiduciaries with assets in multiple jurisdictions, and U.S. nationals with assets abroad.
Jeff is a full member of the New York Chapter of the Society of Trust and Estate Practitioners (STEP). Jeff is also a member of the Board of Trustees of The Hudson Guild, a 501(c)(3) multi service community organization serving those who live, work or go to school in the Chelsea neighborhood of Manhattan, with a focus on those in need.
Jeff has been recognized as a leading lawyer in Trust and Estates by “Best Lawyers” since 2018.
Education
New York University School of Law (L.L.M., 1998)
New York University School of Law (J.D., 1995)
SUNY Albany (B.S., 1989)
Bar Admissions
New York
Accolades
Best Lawyers – Trusts and Estates
2019
Publications
Bloomberg Tax Management Estates, Gifts, and Trusts Journal, September 2020, Co-Authored with Joshua M. Kaplan
To Do: Year-End Estate Tax Planning
SmartPros, December 2018
Unpredictable Treatment – Should trusts be used in jurisdictions unfamiliar with the concept?
Trusts & Estates, November 2011
The New Expatriation Tax Regime
New York Law Journal, January 2010, Co-Authored with Rachel E. Small
Ties to U.S. and Canada
New York Law Journal, September 2007, Co-Authored with Michael Galligan and Rachel E. Small
Modern Inheritance Develops in China
New York Law Journal, February 2007, Co-Authored with Hao Wang and Michael W. Galligan
Insights
Post-Election Trusts & Estates Planning Considerations
November 9, 2020Client AlertsKleinberg Kaplan Recognized by U.S. News – Best Lawyers® in “Best Law Firms” 2021 Rankings
November 5, 2020Firm NewsPremier boutique law firm Kleinberg Kaplan has been recognized in U.S. News & World Report’s 2021 edition of “Best Law Firms” for providing outstanding legal counsel in two practice areas: Trusts & Estates and Commercial Litigation. Kleinberg Kaplan was named both a National (Tier 2) and New York City Metropolitan (Tier 1) firm for Trusts…
Kleinberg Kaplan Partners Joshua M. Kaplan and Jeffrey B. Kolodny Published in Bloomberg Tax
October 5, 2020Firm NewsKleinberg Kaplan Partners Joshua M. Kaplan and Jeffrey B. Kolodny were recently published in Bloomberg Tax: Tax Management, Estates, Gifts and Trusts Journal. Their article, “The Lows and Highs of Estate Planning in a Pandemic: Making the Most of Estate and Gift Tax Opportunities in the Covid-19 Economy,” discusses the opportunities 2020 can provide for…