Our business clients are seldom just businesses – they are people, families, whose ultimate motivators often have as much to do with love, duty, and gratitude as with profit and loss. They are justly proud of their success, but the ability to provide for their spouses, children, and grandchildren – as well as the causes and institutions they support – anchors their pride. Kleinbard’s growing Trusts and Estates Group is dedicated to providing our clients with practical advice that is customized to meet their specific goals, family circumstances, and needs in a cost-efficient manner. Our team has a wide-range of experience in representing clients at all levels of wealth and with varying family complexities. We pride ourselves on being counselors to our clients and take a holistic and creative approach to estate planning, by analyzing the client’s individual, family and business needs to develop a comprehensive estate plan that preserves, protects, and grows wealth and minimizes tax consequences on asset transfers. We handle both simple and complex estate and trust administrations with a compassionate approach and offer creative cost-saving solutions. We advise executors, personal representatives, and trustees on all phases of administration for both estates and trusts, including required or permissible distributions, tax matters, fiduciary duties, accountings to beneficiaries, and many other aspects of fiduciary law.
The qualities that make our clients successful business leaders often make them community leaders as well. They devote time, as well as money, to an impressive range of charities, from universities and hospitals to churches and synagogues, arts organizations, and social service agencies. We advise them on using tax leverage to provide maximum benefit from their generosity, as well as to enhance their community and business profile. Charitable trusts, family foundations, and donor-advised funds can be powerful tools for doing good and for keeping control of the money one has earned, but they are subject to many technical rules that require careful attention to legal details.