On October 18, 2022, the IRS released Revenue Procedure 2022-38, which announced 2023 annual inflation adjustments for various tax provisions. Effective January 1, 2023, the estate and gift tax basic exclusion amount and the generation‑skipping transfer (“GST”) tax exemption are scheduled to increase from $12,060,000 to $12,920,000. This is an increase of $860,000 per person or…
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
Publications
Bloomberg Tax Management Estates, Gifts, and Trusts Journal, September 2020 (co-author)
Insights
IRS Announces 2023 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions
October 20, 2022Client AlertsU.S. News – Best Lawyers® Awards Kleinberg Kaplan Top Rankings in “Best Law Firms” 2022 Edition
November 4, 2021Firm NewsPremier boutique law firm Kleinberg Kaplan has been recognized in U.S. News & World Report’s 2022 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…
Update: Ways and Means Committee Proposes New Legislation
October 6, 2021Client AlertsKleinberg Kaplan recently sent a Trusts & Estates Client Alert discussing potential changes to the tax law that were proposed by the House Ways and Means Committee (click here for the Client Alert). A recent report issued by the House Budget Committee regarding the proposals has important implications concerning the proposed provisions related to grantor…