Estate & Trust Administration, Elder Care

As part of its Estate, Gift, Corporate Taxation & Planning and Pension & Benefits practice, the Firm has a considerable Estate & Trust Administration and Elder Care practice, often originating from professionals, attorneys, accountants, bankers, investment advisors:

Probate and Administration
Probate and administration of estates and trusts; coordinating investment management; Prudent Man and Principal/Income Act; business and special use asset administration and disposition; claims, auctions, valuation and accounting; allocation of taxes and expenses; disclaimers; (see Tax Planning).

Estate/Gift Tax; Audits
All aspects of estate and gift taxes, credits, deductions and elections; returns, proceedings, disclaimers, allocation, discount mechanisms (FLP, QPRT, defective Trusts, installment sale, etc.), audits and appeals.  Conduct of estate and trusts estate and Estate income tax audits; all phases of compliance/IRS: IRDs, negotiations, protests, tax appeals; (see Taxation).  

Fiduciary Income
Coordination with Estate Accountant; Fiscal periods, allocation/distribution of income/deductions; waivers, returns and audits, capital gains/DNI; charitable deductions; (see Taxation).

Elder Care; Medicaid/Medicare

Asset Transfers, Eligibility, resource/income allowance/exemptions, supplemental needs trusts; Spousal Disclaimer, residency, Medicaid/Medicare applications; integrated with estate planning; and all related documents.    

Closely-Held Interests; Business Succession
Strategies, Organization, Administration, Distribution and Control, valuation, family retention, gifts, special use, funding, succession and interrelated real estate, control/compensation; and all related documents (see Corporate and Real Estate).

Bank Trust Department; Special Counsel
General Counsel to several Bank Trust Departments, all phases of trust activity, personal and corporate; general review/preparation of all documents; accounting, Surrogate’s practice, and investment issues; as well as special counsel to profession – tax and estate, corporate; (see Banking; Taxation, Corporate).

Estate/Trust Litigation
Contests, contested accountings, claims, fiduciary responsibility/surcharge, removal, claims, fees, tax IRA/Qualified Plan issues, valuations, 1404 exams, discovery, advice and direction. (See Litigation).