JODI F. KRIEGER

PARTNER

Jodi F. Krieger began her career developing the knowledge and skill to assist others with estate planning and administration. Eventually, that lead to helping clients with their personal charitable goals. Jodi advises clients in all phases of forming, managing and terminating charitable organizations, including public charities, private foundations and private operating foundations. She also  provides advice to high-net-worth individuals related to their estate and related tax planning and administration needs.

Practices

About

Jodi advises clients, individually and on behalf of the organizations they represent, in connection with making contributions and grants, nationally and internationally, including preparing grant agreements for contributions to domestic and foreign entities. She works with clients on multiyear grants, endowments and long-term capital projects.

Another important focus of Jodi’s practice is estate planning, including resident and non-resident aliens, concerning income, gift, estate and generation-skipping transfer tax matters and estate planning. She prepares wills, trust agreements, including insurance trusts, qualified personal residence trusts, qualified terminable interest property trusts, qualified domestic trusts, intentionally defective grantor trusts, and credit shelter trusts, and other planning-related documents. She represents clients in all phases of complex estate and trust administration and advises them with respect to estate litigation issues.

Jodi also advises clients in marital planning, including the preparation and negotiation of prenuptial and postnuptial agreements.

Education

New York University School of Law (LL.M. in Taxation, 2000)

Brooklyn Law School (J.D., 1988)

State University of New York at Binghamton (B.A., 1985)

Bar Admissions

1988, New York, U.S. District Court for the Eastern District

1988, New Jersey, U.S. District Court, District of New Jersey

Publications

Estate Planning with a Private Foundation

Foundation Source, October, 2015

Concerns and Objectives Are Client Specific: The Estate Plan Should Be as Well

Strategies for Trusts and Estates in New York, 2013 Edition: Leading Lawyers on Analyzing Recent Developments and Navigating the Estate Planning Process in New York [S.l.]: West Group (Law), 2013. 59-68. Print

Insights

Post-Election Trusts & Estates Planning Considerations

November 9, 2020

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…

Helping Clients Navigate COVID-19 (Updating)

August 18, 2020,

Kleinberg Kaplan is working closely with our clients to provide counsel and guidance during these unprecedented times. A selection of our recent thought leadership pieces related to the implications of COVID-19 includes: Corporate Considerations  The PPP Just Got Better (June 10, 2020): Chris Davis, Dov Kleiner, Uri Rosenwasser and Benjamin Goldman discuss the key highlights of the…

Current Estate and Gift Tax Planning Opportunities

July 8, 2020

As the global economy continues to feel the disruptive effects of the COVID-19 crisis, now may be an appropriate time to consider potential estate planning opportunities: Low Interest Rates: The IRS prescribes minimum interest rates that taxpayers must charge on most loans (including installment sales) to avoid gift tax consequences. These IRS rates are now…

SECURE, CARES and Retirement Account Distributions in 2020

June 26, 2020

Both the SECURE Act enacted in December 2019 and the CARES Act enacted in March 2020 changed the rules governing distributions from retirement plans and IRAs. Under the SECURE Act, retirement plan participants and IRA owners no longer have to begin taking distributions until April 1 of the calendar year after they reach age 72…

Tax-Exempt Organizations in the Age of COVID-19

April 29, 2020

The COVID-19 crisis presents unique challenges, as well as opportunities, for tax-exempt organizations. The Coronavirus Aid, Relief and Economic Security (“CARES”) Act provides some relief to tax-exempt organizations who may be experiencing difficulties funding their operations and charitable projects as a result of the current situation. In addition, the Internal Revenue Service has postponed tax…

SECURE Act Changes Key Retirement Plan and IRA Rules Alerts

December 30, 2019

Retirement benefits (such as pension, profit-sharing, 401(k) or IRA benefits) make up a substantial portion of many people’s assets. Congress recently passed, and the President signed on December 20, 2019, the Setting Every Community Up for Retirement Act (the SECURE Act) as part of the Further Consolidated Appropriations Act, 2020. The SECURE Act made various…

Discounting Under Attack By IRS

August 31, 2016,

On August 2, 2016, the IRS issued proposed regulations for Section 2704 of the Internal Revenue Code, which would substantially impact the ability of taxpayers to discount the value of certain assets in order to reduce gift and estate taxes. The regulations specifically target the use of Family Limited Partnerships (FLPs) and Family Limited Liability…

Qualified Charitable Distributions from IRAs Extended for 2014

December 19, 2014

The Tax Increase Prevention Act of 2014 extended the ability of certain IRA owners to make qualified charitable distributions (QCDs) for 2014. A QCD is a distribution to a public charity (other than a donor advised fund) from an IRA. Only IRA owners over age 70½ can make QCDs. The limit on QCDs for 2014…

Changes to NY Trust & Estate Tax Treatment

April 8, 2014

In February we alerted you that Governor Cuomo’s budget bill proposed important changes to the New York estate tax and the New York income taxation of certain trusts. The changes just enacted, described below, were scaled back from the original proposals, though still represent significant and important changes. Estate Tax Exclusion. The New York estate…

New Yorkers Take Note – Action May Be Needed By March 31

February 5, 2014

Governor Cuomo’s recently released budget bill proposes important changes to the New York estate tax and the New York income taxation of certain trusts. Proposed changes require high net worth individuals and trustees of certain trusts to consider taking action between now and March 31st. Taxing Gifts. One proposed change is to increase, for New…

Is it time to pay gift tax?

June 19, 2012

There may be only six months left before the lifetime gift tax exemption reverts from its present $5.12 million to $1 million and the gift, estate and generation-skipping transfer (“GST”) tax rates jump to 55%. Unless Congress enacts legislation providing otherwise, these changes will occur on January 1, 2013. Many clients have taken advantage of…

Time May Be Running Out – Congress To Act This Month

November 8, 2011

The Congressional Joint Select Committee on Deficit Reduction (the “Committee”) is currently scheduled to announce its proposals on November 23, 2011. Rumor has it that among the proposals presently being discussed are changes to the current gift, estate and generation-skipping transfer tax laws. We believe two of these proposals merit your attention and possible prompt…

Current Estate Planning Topics of Interest

November 8, 2011

Planning for the future, yours and other’s, is very important in today’s environment. There are some current estate planning opportunities that may not be available in the future. TUESDAY APRIL 17th IS TAX DAY 2012 Did you take any actions in 2011 that could trigger the requirement to file a gift tax return? Examples of…