Estate Planning, Asset Protection, and Estate Administration

The attorneys in Abrams Fensterman's Estate Planning, Asset Protection and Estate Administration Department help clients achieve financial security through estate and gift tax planning, family business succession planning, and estate and trust administration. Our attorneys also represent clients in disputes arising out of the administration of estates and trusts.

Estate Planning

Our attorneys advise individuals and families on wealth preservation issues, including drafting Wills and the following
types of trusts:

• Revocable Trusts
• Irrevocable Insurance Trusts
• Grantor Retained Annuity Trusts
• Charitable Remainder and Charitable Lead Trusts
• Qualified Personal Residence Trusts
• Intentionally Defective Trusts
• Asset Protection Trusts
• Dynasty Trusts

Our attorneys also work with owners of closely held businesses to structure tax efficient business succession plans, create family limited partnerships, create qualified and non-qualified retirement plans, create captive insurance companies, structure buy-sell agreements, draft employment agreements, and implement various asset protection strategies.

Estate Administration

Our attorneys work closely with executors, trustees and beneficiaries of trusts and estates to ensure the orderly administration of trusts and estates. We also act as counsel to corporate fiduciaries who serve as executors and
trustees. We assist both individual and corporate clients in all phases of estate and trust administration, including the
following:

• Probate of Wills and all phases of Surrogate's Court procedure
• Collecting and valuing assets
• Preparing estate and fiduciary income tax returns
• Preparing fiduciary accountings
• Distributing estate and trust assets to beneficiaries
• Advising clients on the use of qualified disclaimers and other post-mortem tax planning devices, including making various tax elections and allocations
• Representing clients before the Internal Revenue Service and the New York State tax examiners in connection with audit examinations of estate, gift and income tax returns

Estate and Trust Litigation

Our attorneys also represent clients in estate and trust related litigation in Surrogate's Court. We have counseled clients on issues related to Will contests, objections to trust and estate accountings, spousal right of election, recovering assets that belong to an estate, and the removal of fiduciaries from office.

For further information about the attorneys at Abrams Fensterman please contact us today.