Trusts & Estates

Most people avoid talking about death and taxes. But the attorneys in Levenfeld Pearlstein’s Trusts and Estates Group are not most people. LP’s highly experienced and highly skilled group helps individuals and families to achieve their business and personal planning goals, be it gift planning, charitable planning, or estate planning. The group, which includes three members of the American College of Trust and Estate Counsel, can draft basic estate plans as well as plans spanning multiple generations, states, and businesses. With decades of experience among the group’s members, there is likely no scenario they have not encountered.

LP’s Trusts and Estates Group was ranked in the inaugural High Net Worth guide by Chambers and Partners in 2016 and again in 2017, and partners Lauren Wolven and Robert Romanoff each have been recognized by the publication. LP’s trusts and estates clients routinely say they prefer working with LP because our attorneys are responsive, preach simplicity, and look at an overall picture of an individual’s wealth instead of simply the matter at hand.

Probate and Trust Administration

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We provide guidance and assist the fiduciary during each phase of the probate and trust administration process, which often includes tax planning, funding of trusts, contested estates, and collecting and distributing assets.

Estate Planning Services

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Depending on the person and their estate, estate planning can be straightforward or complicated. Regardless of your situation, our attorneys will assist in preparing wills, revocable trusts, powers of attorney, and other related estate-planning needs. We want to ensure wealth is passed down in the most streamlined and tax-efficient manner possible, consistent with the client’s values, ethics, and personal goals.

We design and implement legitimate tax-reduction strategies for individuals and families using leveraging techniques, such as dynasty trusts, intra-family sale agreements, family limited partnerships, grantor retained annuity trusts, qualified personal residence trusts, self-canceling installment notes, private annuities and college savings plans, and maximizing estate, gift and generation-skipping tax exemptions.

Business Succession Planning

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We develop and implement business succession strategies for closely held business owners and their families, including multigenerational estate plans with LLC operating agreements, partnership agreements, and shareholder buy-sell agreements.

Multigenerational Wealth Planning

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We design, consolidate, and implement tax and estate planning strategies to help generations of families plan for their future. Estate planning when there are multiple parties involved can be overwhelming. We aim to make this process easy and fair for your family and to provide peace of mind that your wealth will be protected for years to come.

Charitable Foundation Formation and Advisory

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Our attorneys have significant experience in forming, structuring, and advising tax-exempt and other not-for-profit organizations. Our representation includes forming public charities, private foundations, charitable lead trusts, and pooled income funds, obtaining tax-exemptions from the Internal Revenue Service and state agencies, advising on day-to-day transactions, and addressing UBTI issues.

LP prides itself on collaboration and transparency between our practice groups. Get to know a few more.