On January 1, 2024, the Beneficial Ownership Information (“BOI”) reporting requirements under the federal Corporate Transparency Act (“CTA”) are scheduled to go into effect. The new rules represent a fundamental shift in the U.S. disclosure regime for privately held companies. The CTA A part of Congress’s historic bipartisan National Defense Authorization Act of 2021, the…
JOSHUA M. KAPLAN
PARTNER
Josh Kaplan is Co-Chair of the Trusts & Estates Practice Group. He advises clients on a broad range of trusts and estates issues, including estate planning and administration; estate, gift and GST tax planning; business succession planning; charitable giving; and life insurance.
Practices
About
Josh counsels fiduciaries during all stages of estate administration, including preparation of probate documents, locating and gathering assets, and preparation of both federal and state estate tax returns. In addition, he advises trustees regarding all aspects of trust administration and other related matters. His experience includes advising clients in connection with preparation and review of federal gift tax returns and disclosure of non-gift transactions.
Josh has significant experience in cross-border estate planning. He advises non-U.S. citizens regarding U.S. transfer tax planning, the disposition of U.S. assets owned by foreign estates, and related U.S. federal and state tax reporting requirements.
In the corporate and private investment fund spaces, Josh assists principals at hedge funds and private equity funds in connection with transfers of fund interests to and from trusts, estates, family limited partnerships and other private investment vehicles. In addition, he advises institutional clients regarding fiduciary issues and corporate transactions involving trusts and estates.
Prior to joining Kleinberg Kaplan, Josh worked in the trusts & estates and private client practice groups at prominent U.S. and international law firms.
Education
New York University School of Law (LL.M., 2017)
New York University School of Law (J.D., magna cum laude, 2007)
University of Pennsylvania (B.A., summa cum laude, 2003)
Bar Admissions
New York
Speaking Engagements
Proactive Estate Planning: Top Priorities for High Net Worth Individuals
Speaker, YieldStreet Webinar, July 2023
Estate and Gift Tax Planning for Investment Managers: Act Now or Else?
Co-Speaker, FRA Private Investment Fund Tax Master Class, June 2022
Publications
Bloomberg Tax Management Estates, Gifts, and Trusts Journal, September 2020 (co-author)
Insights
Corporate Transparency Act Imposes Significant New FinCEN Reporting and Disclosure Requirements
December 5, 2023Client AlertsIRS Announces 2024 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions
November 21, 2023Client AlertsThe IRS recently released Revenue Procedure 2023-34, which announced 2024 annual inflation adjustments for various tax provisions. Effective January 1, 2024, the estate and gift tax basic exclusion amount and the generation‑skipping transfer (“GST”) tax exemption are scheduled to increase from $12,920,000 to $13,610,000. This is an increase of $690,000 per person or $1,380,000 for…
Best Lawyers® Awards Kleinberg Kaplan Top Rankings in Best Law Firms® 2024 Edition
November 2, 2023Firm NewsPremier boutique law firm Kleinberg Kaplan has been recognized in the 2024 edition of Best Law Firms® for providing outstanding legal counsel in three practice areas: Trusts & Estates, Commercial Litigation, and Tax. Kleinberg Kaplan was named a Tier 1 law firm for Trusts & Estates at both the National and New York City Metropolitan…