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Estate Planning Considerations and COVID-19

As the novel coronavirus (“COVID-19”) continues to affect almost all areas of life, the Kleinberg Kaplan Trusts & Estates Practice Group is monitoring developments that may impact our clients’ estate planning. As always, the health, safety and wellbeing of our clients and their families are of paramount importance to us. In light of the current situation,…

Client Alerts | March 25, 2020 | Estate Planning and Administration

SECURE Act Changes Key Retirement Plan and IRA Rules Alerts

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…

Client Alerts | December 30, 2019 | Estate Planning and Administration

Kleinberg Kaplan Adds Joshua Kaplan as Partner to Trusts and Estates Group

Premier boutique law firm Kleinberg Kaplan has announced that Joshua M. Kaplan has joined the firm as a partner in its Estate Planning and Administration Practice. He arrives from Dechert. With more than a decade of experience in private wealth matters, Mr. Kaplan advises clients on a broad range of issues, including estate planning and administration; estate, gift and…

Kleinberg Kaplan Recognized by U.S. News – Best Lawyers® in “Best Law Firms” 2020 Rankings

Premier boutique law firm Kleinberg Kaplan has been recognized in U.S. News & World Report’s 2020 edition of “Best Law Firms” for providing outstanding legal counsel in two practice areas: Trusts & Estates and Commercial Litigation. Kleinberg Kaplan was named both a National (Tier 2) and New York City Metropolitan (Tier 1) firm for Trusts…

Firm News | November 4, 2019 | Commercial and Corporate Litigation | Estate Planning and Administration

Tax Reform Opens a Window for Roth Conversions

Attorney Articles | August 15, 2018 | Estate Planning and Administration

Celebrity Estate Planning: Misfires of the Rich and Famous

Co-authored by Jessica Galligan Goldsmith, Shaina S. Kamen, Christiana M. Lazo, and David J. Posner

Attorney Articles | July 10, 2018 | Estate Planning and Administration

Planning with Mirco-Captive Insurance Companies After the PATH Act

Attorney Articles | November 4, 2016 | Estate Planning and Administration

Discounting Under Attack By IRS

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…

Client Alerts | August 31, 2016 | Estate Planning and Administration

Qualified Charitable Distributions from IRAs Extended for 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…

Client Alerts | December 19, 2014 | Estate Planning and Administration

Changes to NY Trust & Estate Tax Treatment

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…

Client Alerts | April 8, 2014 | Estate Planning and Administration