Plan for the transmission of values, not just wealth.

■ Martin Shenkman

We provide powerful, comprehensive legal solutions in an attentive and compassionate environment.

Shenkman Tietz is a boutique estate planning firm focused on the legal needs of high-net-worth individuals. Founded in 1989, the firm addresses the spectrum of personal planning considerations. The firm has offices in New York and New Jersey but assists clients in all states through local counsel.

Shenkman Tietz is a boutique estate planning firm focused on the legal needs of high-net-worth individuals. Founded in 1989, the firm addresses the spectrum of personal planning considerations. The firm has offices in New York and New Jersey but assists clients in all states through local counsel.

■ Services

Comprehensive Estate Planning

We will develop a comprehensive plan that accomplishes your personal estate and related planning goals. This typically includes financial power of attorney, health care documents (health care proxy, living will, HIPAA Release), a pour-over will, a revocable trust, and possibly one or more irrevocable trusts and/or entities. But it starts with a plan reflecting your goals and circumstances.

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Irrevocable Trusts

Irrevocable trusts come in a myriad of varieties. They can be designed to protect assets from suits, claims, or divorce (for you and/or your beneficiaries), to save estate taxes, and even reduce federal or state income taxes. We can guide you in choosing the trust plan that you want, drafting the trust, and implementing the plan.

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Asset Protection

Asset protection planning takes legal and related steps that may make it more difficult for malpractice claimants, divorce, or creditors to capture your assets. We can suggest practical steps along a broad continuum of possibilities, draft the necessary documents, and assist you in implementing the plan.

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Tax Planning

Tax planning can include steps to reduce transfer taxes (gift, estate, and generation-skipping transfer), federal income taxes, and/or state income taxes. We can coordinate with your CPA, wealth, and other advisers, plan for residency and domicile, create trusts that accomplish your goals, and more.

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Administering Your Planning

Creating an estate plan (will, revocable trust), entities (LLCs, S corporations, etc.), and irrevocable trusts (insurance trust, SLAT, etc.) will not likely accomplish your goals (protection as you age, tax savings, asset protection) if your plan is not monitored and maintained correctly. We can create a roadmap to administer your plan and assist you and your other advisers to whatever degree you choose.

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Probate

The loss of a loved one is a difficult and challenging emotional situation that results in personal, legal, tax, and other issues. We can guide you to administer the estate as the plan and law require and reduce personal antagonism and angst, taxes, etc.

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Close Businesses

Planning, creating, and managing various entities can help you, your family, and any closely held business achieve business, succession, estate planning, and other goals. We work with you and your other advisors to identify goals, create entities, draft legal documents, and address unusual or complex estate planning, corporate, and other issues that might arise.

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■ Practical Ideas

Lack of Coordination in Estate Planning Documents & the Potential for Best Laid Plans to Go Awry

Planning for aging (and incapacity) requires more than just the traditional preparation of a Will, durable power of attorney (‘DPOA’”) (and perhaps a revocable trust). The multitude of fiduciary and quasi-fiduciary appointments clients make, almost entirely without professional input, can…
READ MORE Lack of Coordination in Estate Planning Documents & the Potential for Best Laid Plans to Go Awry

For Martin M. Shenkman, Esq.’s publications on estate planning, including video clips, professional and consumer-level webinars on estate and related planning and estate planning practice, articles, and much more, see www.shenkmaneducation.com

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