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McCarthy Fingar maintains a reputation as a leader in the
trusts and estates field, representing individuals and families
in all aspects of estate, tax, business and financial planning.
In estate planning, we make and implement recommendations to our clients to ensure the orderly transfer of a client's assets to succeeding generations
with the least overall tax impact. In estate and trust administration, we perform tax and non tax legal services that permits an executor or trustee to make distributions from an estate or trust at the earliest and best time. In estate and trust litigation, our Surrogate's Court
Litigation lawyers will develop and implement litigation strategies that will help our clients succeeed. |
- Estate Planning - Simple or Complex
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Whether a client requires the simplest of planning - such as a basic plan, that would include a Will or Revocable Trust Agreemet, a Durable Power of Attorney form and a Living Will and Health Care Proxy, or a more complex plann in order, to avoid different types of taxes, our lawyers will help our clients ensure that their clients intentions are carried out. Sometimes, we find that, for select clients, our expertise and experience in Exempt Organizations and Charitable Gift Planning, permits us to develop innovative charitable giving strategies that can minimize taxes for clients making split gifts to benefit both family members and a designated charity. Our lawyers are also experienced with Asset Protection Planning strategies. |
- Succession Planning for Businesses
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For clients who are owners of family businesses, our Trusts
and Estates attorneys, in coordination with the firm's
Corporate and General
Business and Taxation
Practice Areas, provide specialized estate and tax planning assistance
in the creation, structure, capitalization, management, financing,
and continuation or sale of their enterprises. Frequently,
successful estate planning employs the use of Limited Liability
Companies and/or Family Limited Partnerships as a component
of an integrated gift planning recommendation. |
- Prenuptial and Postnuptial Agreements
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Prenuptial and postnuptial agreements are of increasing
importance to clients and their families. Often, our Trusts
and Estates attorneys work with the attorneys who practice
in Matrimonial
and Family Law in preparing and counseling clients as
to such agreements. |
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Frequently, although not always in the context of estate planning, our attorneys offer elder law counseling for our senior clients who wish to protect their assets in the event that they enter a nursing home or require community medical assistance. In developing options for medicaid planning, our lawyers are aware that the client and his or her family are usually overwhelmed with many unpleasant options for dealing with long-term care. Our lawyers are also know that medicaid planning should be part of a client's overall estate plan, and that there are gifting strategies in medicaid planningthat could, under certain scenarios, be inconsistent with the objective of avoiding or minimizing taxes.
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- Estate and Trust Administration
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McCarthy Fingar is staffed and equipped to handle all aspects
of the administration of an estate or trust commencing with
the initial probate proceedings or the funding of a trust
through final distribution of estate and/or trust assets.
Computerized records are maintained for executors, trustees,
and guardians, enabling clients to perform their roles
as fiduciaries effectively and efficiently. Software for estate, gift, and income tax analysis assists
our attorneys and paralegals in developing tax planning recommendations
for our clients. Such software also insures accurate and cost-effective
preparation of federal and state estate, gift and fiduciary
income tax returns. Fill-in-the-blank Federal tax forms,
are available at the IRS web site: http://www.irs.gov/formspubs/lists/0,,id=97401,00.html.
New York State tax forms are also available: http://www.tax.state.ny.us/Forms/. |
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| McCarthy Fingar's Trusts and Estates lawyers are dedicated
to our clients' success. If you think you may require our
assistance or have any questions, please contact Frank
W. Streng by email (fstreng@mccarthyfingar.com)
or phone (914-385-1022) or Lisa
Newfield by email (lnewfield@mccarthyfingar.com)
or phone (914-385-1032) or Gail
M. Boggio by email (gboggio@mccarthyfingar.com)
or phone (914-385-1026).
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Copyright McCarthy Fingar LLP 2001-2010 All Rights Reserved |
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