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Best Lawyers® Awards Kleinberg Kaplan Top Rankings in Best Law Firms® 2024 Edition

Premier 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…

Post Year-End Tax Issues and Planning to Consider

This tax alert briefly highlights certain tax issues and planning that hedge and private equity fund managers and high-net-worth individuals should consider (or reconsider) now that we are in the new year. Our 2021 year-end tax alert highlighted many items to consider and potential tax moves to take before year-end and highlighted proposed tax changes.…

Client Alerts | January 10, 2022 | Hedge Funds | High Net Worth Individual Planning | Private Equity Funds

Partner Phil Gross Published in Bloomberg Tax

Kleinberg Kaplan Partner Phil Gross was recently published in Bloomberg Tax’s year-end series featuring the top submissions covering tax tips and topics to watch out for in the new year. The article, “Tax Tip: Planning for the Excess Business Loss Rules,” discusses important considerations in planning for excess business loss (“EBL”) in light of potential…

Firm News | January 3, 2022 | High Net Worth Individual Planning | Business Advice and Planning | Hedge Funds

Tax Issues and Planning to Consider Before Year-End 2021

This annual client alert briefly highlights certain tax issues and planning that hedge fund managers and high-net-worth individuals should consider (or reconsider) before the end of 2021. Although year-end tax planning is always important, the potential increase in tax rates in 2022 and other potential tax changes make it even more important this year-end. The…

Client Alerts | December 7, 2021 | High Net Worth Individual Planning | Hedge Funds | Private Equity Funds

U.S. News – Best Lawyers® Awards Kleinberg Kaplan Top Rankings in “Best Law Firms” 2022 Edition

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…

Update: Ways and Means Committee Proposes New Legislation

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

Ways and Means Committee Proposes New Legislation

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

Kleinberg Kaplan Partner Philip S. Gross Featured in Hedge Fund Law Report’s “2020 Year-End Tax-Planning Considerations for Fund Managers”

Philip S. Gross, partner and chair of Kleinberg Kaplan’s Tax Department, is featured in Hedge Fund Law Report’s article “2020 Year-End Tax-Planning Considerations for Fund Managers.” In the in-depth Q&A, Phil details year-end tax-planning issues for both the principals of hedge fund managers and their funds, including any special considerations for 2020 due to the COVID-19…

Firm News | December 10, 2020 | Hedge Funds | High Net Worth Individual Planning

Kleinberg Kaplan Partners Philip S. Gross and Maurice Collada III Featured in S&P Global Intelligence

Philip S. Gross, partner and chair of Kleinberg Kaplan’s Tax Department, and Maurice Collada III, Private Equity and Hedge Funds partner, are featured in an S&P Global Intelligence article. In “Biden’s proposed tax plans could hit private equity in the pocket,” Phil and Maurice shared their thoughts on the concerns surrounding the possible tax increases…

Firm News | December 3, 2020 | High Net Worth Individual Planning | Private Equity Funds | Hedge Funds

Tax Issues and Planning to Consider Before Year-End 2020

November 2020 This annual newsletter briefly highlights certain tax issues and planning that hedge fund managers (and other high-net-worth individuals) should consider (or reconsider) before year-end. Although year-end tax planning is always important, the potential increase in tax rates in 2021 makes it even more important this year-end. The election may be over, but uncertainty…