Firm News | November 1, 2021
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…
Client Alerts | October 20, 2022 | Estate Planning and Administration
We are pleased to announce that 18 of the firm’s attorneys were selected for inclusion in the 2022 edition of Super Lawyers®, a national legal ranking. Attorneys were nominated by their peers and recognized for their outstanding professional achievement in several legal practice areas, including business litigation, estate & probate, mergers & acquisitions, real estate,…
Firm News | September 29, 2022 | Acquisitions and Sales | Business Restructuring and Reorganization | Creditors’ Rights and Bankruptcy Litigation | Estate Planning and Administration | Financing | Mergers & Acquisitions | Securities and Corporate Finance | Securities Litigation
Kleinberg Kaplan Partner Jeffrey B. Kolodny was recently published in the New York Law Journal Special Report: Trusts & Estates. His article, “Maximizing QSBS Income Tax Savings With Trusts,” discusses how taxpayers who own QSBS shares and qualify for the QSBS Exclusion can further achieve their estate planning objectives. To read the full article, click…
Firm News | September 19, 2022 | Estate Planning and Administration
Premier boutique law firm Kleinberg Kaplan has been recognized by Best Lawyers®. Five firm attorneys were listed in the 29th edition of The Best Lawyers in America®. The Best Lawyers in America® 2023 Philip Gross (Tax Law) Jeffrey B. Kolodny (Trusts & Estates) James R. Ledley (Trusts & Estates) David Parker (Commercial Litigation) Bruce D. Steiner (Trusts & Estates) This marks…
Firm News | August 18, 2022 | Business Advice and Planning | Estate Planning and Administration | Securities Litigation | Tax Controversy
Kleinberg Kaplan’s Bruce Steiner was featured in The Wall Street Journal article, “IRS Gives Wealthy Families More Time to Shelter Assets from Estate Tax,” which discusses the newly extended deadline for a surviving spouse to file an estate tax return in certain circumstances. Steiner shares, “Surviving spouses often miss the deadline since dealing with death is…
FEATURED PUBLICATION | July 15, 2022 | Estate Planning and Administration
Premier 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…
Firm News | November 4, 2021 | Estate Planning and Administration | Commercial and Corporate Litigation | High Net Worth Individual Planning | Tax Controversy
Kleinberg 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…
Client Alerts | October 6, 2021 | Estate Planning and Administration | High Net Worth Individual Planning
The House Ways and Means Committee recently released a draft of the tax portion of the proposed reconciliation bill. Some of the proposals affecting individual taxpayers, estates and trusts are described below. Termination of Temporary Increase in Gift and Estate Tax Exclusion Amount The gift and estate tax exclusion amount is presently $11.7 million (indexed…
Client Alerts | September 28, 2021 | Estate Planning and Administration | High Net Worth Individual Planning
We are pleased to announce that 15 of the firm’s attorneys were selected for inclusion in the 2020 edition of Super Lawyers®, a national legal ranking. Attorneys were nominated by their peers and recognized for their outstanding professional achievement in several legal practice areas including business/corporate, business litigation, estate & probate, mergers & acquisitions, real estate,…
Firm News | November 17, 2020 | Litigation | Securities and Corporate Finance | Mergers & Acquisitions | Transactional | Estate Planning and Administration | Leasing | Acquisitions and Sales | Development | Securities Litigation | Structured Finance & Derivatives Litigation
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…
Client Alerts | November 9, 2020 | Estate Planning and Administration
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