Tax and Estate Planning

We work closely with our clients and their accountants to devise and implement tax minimization strategies in a wide variety of business planning, transactional, and personal contexts. Our tax lawyers have advanced degrees in their field, and we have ongoing relationships with an array of specialized tax professionals who can provide whatever particularized expertise our clients require.

We also understand that business is not just an end in itself, but is also a means to an end -- the financial security of oneself and one's family. We understand how to make business plans and estate plans work together, and we understand how to structure estate plans in a variety of other contexts as well. For instance, in 2006, Sterling Publishing, a subsidiary of Barnes and Noble, engaged our attorneys to write an estate planning book for national distribution.

Powell Trachtman also handles the administration of estates. The assets of a decedent's estate need to be distributed in ways that make practical and financial sense, will and trust provisions need to be interpreted and implemented, the post-mortem planning techniques the law authorizes for the benefit of a decedent's heirs need to be considered, tax returns need to be completed with a view toward minimizing tax burdens, accountings need to be prepared and submitted, will contests need to be resolved - the process can be hyper‑technical and difficult. We have decades of experience in such estate administration matters.