Estate and Tax Planning, Probate/Administration and Business Law - Effective Tax Strategies for Individuals and Businesses
Katz Law Firm, PLLC offers an array of trust and estate planning, and strategic tax planning services for clients who are seeking sound legal advice and direction on all aspects of asset protection, wealth transfer planning, and effective tax strategies. The managing attorney, Adam Katz, Esq., has earned a JD from Fordham Law School, an LLM in estate and tax planning from NYU Law School and is only 1 of 6 attorneys in New York who is an Accredited Estate Planner by the National Association of Estate Planners & Councils NAEPC), elected as a SuperLawyer by Thomson Reuters, and is a Special Advisor on the Practice Advisory Board for InterActive Legal in the Elder Law Planning Program.
Our services are available to clients with currently few assets but who want to plan for the future; for clients with medium-sized assets who want creditor protection; and for clients with substantial estates who want to optimize savings with effective tax planning. While the maxim "the rich get richer..." might be true, good estate and tax planning strategies can offer substantial financial benefits to any client.
Our attorneys are licensed to practice in New Jersey and New York, who have been admitted to practice in the New York Supreme Court (Appellate Division) for all courts in the State, as well as the U.S. Tax Court, and the Southern and Eastern N.Y. Federal District Courts. We invite you to reach out to us through the contact methods listed below.
77 Spruce Street, Suite 201
Cedarhurst NY 11516
We offer a range of services related to maximizing the tax efficiency of our client's estates and businesses. We also help our clients form new business entities.
--Tax Strategies and Planning--
Reviewing previously drafted or executed documents to ensure they are valid, provide optimal tax savings, accurately reflect the client's wishes and are appropriate given the client's current lifestyle.
Maximizing life insurance benefits with tax planning by utilizing ILITs (Irrevocable Life Insurance Trusts) to remove Federal and State estate taxes; implementing Crummey Powers to enable gifts made to the Trust to qualify for the annual exclusion amount.
Tax opinions on potential deductions, credits, exemptions, exclusions, depreciation schedules and refunds.
Charitable planned giving, involving Charitable Trusts (CRATs, CRUTs, CLATs and CLUTs), DAFs (Donor Advised Funds) and tax-exempt organizations (Private Foundations and Public Charities).
Strategic tax planning with your home by transferring your residence(s) into a Trust (QPRT) to lower gift tax or title property to enable a "stepped-up" basis to eliminate debt in excess of basis and/or capital gains tax.
Filing of estate tax returns.
Forming LLCs, LLPs, C Corporations, PCs and various FBEs (Family Business Entities).
Advising on wealth-transfer planning and asset protection for business entities.
We assist our clients with matters of probate/estate administration, asset protection, and general wealth-transfer planning as described below.
Advising on wealth-transfer planning and asset protection for both individuals and business entities.
Utilizing intervivos (lifetime) and testamentary (within a Will) Trusts to simplify management, provide control over assets, ensure creditor protection, minimize and eliminate various income, gift, estate, GST and capital gains taxes.
Probating and Administering estates of all sizes, including filing of estate tax returns.
Executing the newest Power of Attorney and Statutory Gifts Riders with customized modifications to meet the client's personalized needs; as well as drafting Healthcare Proxies and Living Wills which meet each person's needs.
The first way that Katz Law Firm PLLC distinguishes itself is through its broad experience. Our firm has represented individuals, businesses, trusts, and various entities in a number of capacities. We have planned multi-generational estates, successfully litigated in courts, and helped our international clients form U.S. based entities and catered to their needs through our private client services.
Secondly, our firm's deep expertise and excellent reputation sets us apart. Our firm's managing partner, Adam Katz, Esq., has been nominated to be a SuperLawyer by Thomson Reuters, selected to serve as Co-Counsel for other law firms and attorneys, and invited to become a State Practice Advisor among the nation's leading Trusts, Estates, and Elder Law legal resource and knowledge bases. Adam has also been chosen to be a Special Advisor on the Practice Advisory Board for InterActive Legal in the Elder Law Planning Program.
Katz Law Firm's founder and managing partner, Adam Katz, is a cum laude graduate of Hofstra University where he graduated with two degrees and was given the Presidential Academic Fitness Award. Adam received his Bachelor of Science in Mathematics with honors and was Vice President of Kappa Mu Epsilon National Mathematics Honor Society. Adam also received a Bachelor of Arts with a triple-minor in Philosophy, Economics and Asian Studies. He was also elected to be Senator of Hofstra's Student Government Association and was chosen to be a teacher's assistant of Finite Calculus with Business Applications.
Adam earned his Juris Doctor at Fordham University School of Law, where he was Notes and Articles Editor for the Fordham Journal of Corporate and Financial Law. Additionally, Adam was selected as teacher's assistant and student coordinator of a research team to publish a treatise on International Law. After law school, he received his Master of Laws in Taxation, with a focus on Trusts and Estates, from New York University School of Law in 2008, where he was elected to be Director of the NYU Law & Business Association and volunteered as a mediator in the NYU Mediation Clinic.
Adam's unique academic background enabled him to gain exposure and valuable work experience across a wide variety of financial and legal positions. He has worked in the financial sector at Merill Lynch, practiced corporate litigation at Proskauer Rose LLP, intellectual property at Pennie & Edmonds, corporate transactional law at Jones Day and trusts and estates law at a number of firms. Adam has published articles on accounting and tax in BNA and decanting irrevocable trusts in the Nassau Lawyer. In addition, Adam has substituted as a law professor at Hofstra University's School of Law and St. Johns Law School on trusts and estates drafting and tax law, lectured and participated in panels at Cardozo Law School and has given classes and presentations in various forums.
Adam is admitted to practice law in New York Supreme Court, Southern District, Eastern District and U.S. Tax Court. He is an active member of the ABA (American Bar Association), NYSBA (New York State Bar Association at large and its Trusts and Estates Law Committee), NAELA (National Academy of Elder Law Attorneys), and NAEPC (National Association of Estate Planners and Councils).
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