Estate and Tax Planning, and Wealth Management

Kostelanetz & Fink, LLP, has vast experience in sophisticated estate planning and estate administration.  We draft highly individualized wills and trusts, and are proud of the ways in which we tailor our advice to our clients' unique personal needs.  We design estate plans that minimize income, estate, gift, and generation-skipping transfer taxes, and address financial and personal objectives such as asset protection, business succession, charitable giving, noncitizen spouse planning, and caring for disabled family members.  In addition, we work closely with our clients' financial planners and trust officers to ensure a coordinated approach to our clients' goals.

Kostelanetz & Fink, LLP, also provides a full range of services to fiduciaries and beneficiaries in connection with the administration of substantial and complex estates and trusts.  We use state-of-the-art computer programs to prepare estate and gift tax returns with the objective of reducing the risk of disputes with the Internal Revenue Service.  Tax planning does not end at death, of course, and we provide advice on postmortem estate tax planning, income tax minimization, and the valuation of closely-held business interests and other assets whose value is not easily established.  We also frequently provide advice on the proper administration of estates involving substantial overseas or hidden assets that surface after death.

We have planned and administered hundreds of estates over the years, including many that have presented unusual issues.

A few of these estates include:

  • The estate of an entrepreneur who wished to bequeath his business to his long-time employee while ensuring that the full economic value of the business eventually passed to his family.
  • The estate of a famous artist that consisted almost entirely of paintings, presenting complex issues of valuation and liquidity.
  • An estate involving a complex series of irrevocable trusts which were dissolved in order to settle a dispute between second-generation trustees and third-generation beneficiaries.