Trusts & Estates

Increasingly complex estate planning laws make it extremely costly not to plan or to plan improperly. With the Federal Estate Tax affecting a growing percentage of the population in the United States, the objective of more and more people is to preserve wealth by reducing taxes.

The Personal Wealth Services attorneys at Abrahams, Loewenstein & Bushman assist our clients in all areas of financial planning that affect, or would be affected by, taxes. This includes wills and trusts, family partnerships, charitable gifts, and business succession planning. Because we believe in focusing on a client's individual needs, we do not rely on pre-packaged programs. We listen carefully to our clients' objectives and then design a plan to accomplish those goals. The resultant plans are practical and effective because of our ability to draw on our vast experience with those issues gained in private practice and while working for the IRS.

We constantly review the latest developments of law as they relate to our clients and we regularly advise clients when new planning opportunities arise. Individual attention and technical ability are the hallmarks of our practice.

An important part of personal wealth planning is tax planning. At every corner there is someone offering advice on tax issues. At Abrahams, Loewenstein & Bushman, we draw upon our vast education and experience to assist with planning and advising on proposed transactions, and to help execute business plans that involve tax consequences. Our experience extends to individual and corporate tax matters, tax-exempt organizations, employee benefits tax issues, foreign tax issues, partnership taxation, and issues related to the collectionof taxes.

Our lawyers also have extensive experience in tax controversies, both within the Internal Revenue Service and in court. We have enjoyed excellent success in disputes with the IRS, and can help clients navigate the often difficult course of resolving a wide range of tax problems.

Another important part of our Personal Wealth Services department involves employee benefits. The field of Employee Benefits includes a wide range of programs, prescribed by the Internal Revenue Code, in which business owners and employees can receive economic value, with tax consequences that are either postponed until a later date or avoided entirely. It is a rare event in our federal tax system when a benefit is received without the need to pay income tax currently. We have many years of experience helping clients decide on appropriate employee benefit programs, and aiding in the preparation, interpretation and implementation of them. This is not a static field, but one in which creative thinking and planning occurs continually, in an effort to develop customized programs that maximize tax and financial benefits.For all aspects of your personal wealth planning, our attorneys are able to help you.