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Wills, Trusts and Estates

Overview

Anderson Kill’s Wills, Trusts and Estates professionals plan estates, administer trusts and estates, advise clients on personal tax and wealth management issues, and resolve related disputes through negotiation or litigation. These are personal and sensitive areas requiring dedication, discretion and a keen understanding of the laws as they apply to our clients’ needs. We handle such important matters creatively and comprehensively. Our domestic and international clients include highly compensated and moderate to high net worth individuals, business owners, and families whom we have represented for generations. We advise our clients on methods of accumulating, managing, and preserving wealth, as well as on its tax-efficient disposition during life and upon death. Our attorneys provide custom-tailored approaches to our clients’ needs, ranging from simple to very sophisticated plans. We also represent individuals, banks and trust companies as executors and trustees in all aspects of estate and trust administration, work that frequently requires collaboration with attorneys in other Anderson Kill practice areas, such as real estate, corporate and litigation.

At Anderson Kill, we are acutely aware that clients seek and require more than legal knowledge. Clients expect and value good judgment and the prompt, personal service we have traditionally provided and on which we continue to pride ourselves.

Estate Planning

We assist clients in building their estates and planning for the transfer of property to beneficiaries in ways that minimize income, gift, and estate taxes. We advise clients on asset protection techniques. Central to our practice is the preparation of wills, revocable and irrevocable trust agreements, specialized trusts for personal residences, life insurance and other lifetime gifts, charitable trust and foundation instruments, family limited partnership documents, shareholder and operating agreements, instruments for the sale, gift or testamentary transfer of property at discounted values, powers of attorney, health care proxies, living wills, and other documents tailored to achieve our clients’ objectives.

Business succession planning is an important part of our practice, including ways to leverage business asset values. We also regularly advise on retirement-related issues, including the disposition of employee benefits such as stock options, 401(k) and profit sharing plans, and rollover IRAs, as well as on planning for college education expenses. Finally, we monitor the financial affairs of many of our clients on a current basis and advise them periodically during the year on tax saving opportunities.

Estate and Trust Administration

We assist and advise executors and administrators on all aspects of estate administration which we recognize can be a complex and even alien process. This includes shepherding clients though the probate and administration process, preparing estate tax and fiduciary income tax returns, and the completing of the judicial or non-judicial settlement of the executor’s account of proceedings. When requested, we assist with the fiduciary’s debt-paying obligations, marshaling and valuing the decedent’s assets, the distribution of such assets pursuant to the decedent’s estate plan or to the laws of intestacy, and with all other aspects of estate administration. Advising trustees, including individuals, banks, and trust companies, on the varied tasks involved in administering trusts is another central component to our practice. At times, due to family circumstances, our attorneys are asked to serve as executors or trustees in clients’ estate plans.

Income Tax Planning and Return Preparation; FBAR Reporting

Our tax practitioners assist clients with income tax planning and prepare all types of federal and state tax returns for individuals, estates, trusts and business entities. We also represent taxpayers in federal and state audit and appeals proceedings and in all other forms of tax disputes both on a federal and state level, including representation in the U.S. Tax Court and in several district courts.

Estate, Trust and Guardianship Litigation and Dispute Resolution

When disputes concerning estates, trusts or guardianships arise, Anderson Kill’s litigation services come to the fore. We represent corporate and individual executors, personal representatives, administrators, guardians, trustees and beneficiaries, both in court and in negotiations, with a view to forging cost-efficient results for our clients. At times this requires collaboration with Anderson Kill’s litigation department. On those occasions when only a trial will resolve an issue, our attorneys have the courtroom experience to litigate such matters.

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Events

The Changing Estate Planning Landscape: Steps to Take Right Now?
  • Christopher C. Gerard Gabrielle C. Lese
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  • November 14, 2023
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  • 1251 Avenue of the Americas 42nd Floor New York, NY 10020
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“Avoiding Probate Traps: Revocable Trusts, Designated Beneficiaries and Other Fixes” – Anderson Kill’s 2023 Fall Webinar Seminar Series
  • Michael C. Levy Susan Rothwell
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  • October 26, 2023
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  • Anderson Kill, 1251 Avenue of the Americas, New York, NY 10020
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Estate and Charitable Planning
  • Susan Rothwell
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  • January 7, 2020
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  • Church of St. Monica
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Estate and Charitable Planning Under the New Tax Law
  • Susan Rothwell
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  • January 28, 2019
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  • The National Arts Club
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Succession Planning for Tangibles
  • Susan Rothwell
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  • November 7, 2018
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  • Christie's
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Publications

Disposing of Real Property at Death? New York Adds Transfer on Death Deeds
  • AK Alert
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Demand Grows for Revocable Living Trusts
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AVOID THE “SUCCESSION” SHOCK WITH PROPER ESTATE AND BUSINESS PLANNING
  • Wills, Trusts & Estates Advisory
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Gifting to Minors: Careful Planning is Needed to Avoid Pitfalls
  • Wills, Trusts & Estates Advisory
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A UNITED APPROACH TO ESTATE PLANNING: BENEFITS AND DANGERS OF LIFETIME REVOCABLE TRUSTS FOR NATIONALS AND INTERNATIONALS IN THE UK
  • American in Britain
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Pets Are ‘Family’ For Estate Planning
  • Wills, Trusts & Estates Advisory
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WHEN A FOREIGN NATIONAL DIES WITH ASSETS IN NEW YORK: WHAT WEALTH ADVISORS, LEGAL ADVISORS AND GLOBETROTTERS NEED TO KNOW
  • New York State Bar Association
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GUARDING YOUR “TAX” IDENTITY FROM BEING STOLEN
  • AgentsofAmerica.org
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Protect Your Family’s Financial Future: Estate Planning Today May Prevent Estate Litigation Tomorrow
  • Wills, Trusts & Estates Advisory
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Guardianship Planning
  • Wills, Trusts & Estates Advisory
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A Look at the Implications of the New Power of Attorney Legislation
  • Wills, Trusts & Estates Advisory
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News

Mastering Estate Planning with Gabrielle Lese
  • June 4, 2024
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Susan Rothwell Joins Anderson Kill’s Wills, Trusts and Estates Group as a Shareholder in New York
  • June 5, 2023
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Gabrielle C. Lese Joins Anderson Kill’s Estates, Trusts and Tax Group as a Shareholder
  • January 3, 2023
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Michael C. Levy Joins Anderson Kill’s Estates, Trusts and Tax Services Group as a Shareholder in New York
  • March 23, 2022
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Anderson Kill Names New Practice Group Chairs
  • February 12, 2019
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Ruth Ann Stauffer Joins Anderson Kill P.C. in New York
  • April 10, 2019
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ANDERSON KILL ADDS REED SMITH TAX, ESTATE EXPERT
  • July 18, 2012
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CAROLE B. SHEFFIELD JOINS ANDERSON KILL’S PHILADELPHIA OFFICE AS A SHAREHOLDER IN ESTATES, TRUSTS AND TAX SERVICES GROUP
  • July 6, 2012
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Jerry S. Goldman Re-elected Vice President of NYU Alumni Association
  • May 29, 2012
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People

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George A. Cherniak

Attorney , New York

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James G. Clements

Shareholder , Stamford

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Christopher C. Gerard

Shareholder , New York

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Jerry S. Goldman

Shareholder , New York, Philadelphia

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Herbert J. Hummers

Shareholder , New York

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Gabrielle C. Lese

Shareholder , New York

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Michael C. Levy

Shareholder , New York

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Susan Rothwell

Shareholder , New York

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Carole B. Sheffield

Shareholder , Philadelphia

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Ruth Ann Stauffer

Of Counsel , New York

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Amy Weiss

Attorney , New York

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Key Contact(s)
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Christopher C. Gerard
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