Federal and New York State Estate Taxes - A Look at Select Differences
We are pleased to announce that Kevin H. Cohen, Esq., Law Offices of Kevin H. Cohen, PC, will be our guest speaker at our December 6th dinner meeting at Innis Arden Golf Club in Old Greenwich. Cash bar and cocktails will begin at 5:45 p.m., followed by dinner promptly at 6:30 p.m., speaker at 7:30 p.m., and we anticipate an end to the meeting between 8:30 p.m. and 8:45 p.m.
This presentation will examine the challenges for estate planners that are present due to the differences between how the New York State and Federal estate taxes are computed. More specifically, we will look at the lack of portability with the state estate tax exemption amount and the New York State estate tax cliff tax.
Kevin H. Cohen has extensive experience representing individual and corporate clients in all aspects of estate planning and administration. His experience ranges from small to multimillion dollar estates in both national and international venues. He routinely drafts complex estate plans and all documents relating to the administration of estates including the preparation of federal and state gift and estate tax returns and fiduciary income tax returns. His practice includes defending those returns on audit. Kevin is proficient in handling federal and multi-state gift, estate and generation-skipping transfer taxes. He is skilled in conducting litigation matters including objections to accountings, construction proceedings and contested probates and has served as an expert witness in intricate trusts and estates and tax litigation. While Kevin represents major banks in complicated trust and fiduciary matters, he is also attentive to the needs of his individual clients and counsels families in estate planning, long term asset protection, retirement planning, charitable giving, tax, Medicaid and related elder law matters.
Kevin was the recipient of the prestigious Westchester Business Council Forty Under Forty award. This award recognizes individuals who are leaders in their field. He served as an assistant adjunct professor at New York University's Center for Finance, Law and Taxation where he taught Federal Income Taxation of Trusts and Estates. As a frequent guest speaker on a wide array of trusts and estates and elder law topics, Kevin has lectured at major financial institutions, senior living facilities and to students at colleges and various law schools. He frequently participates as a panelist and featured lecturer for numerous continuing legal education seminars sponsored by the New York State Bar Association and other organizations.
Kevin is the co-chair of the Trusts and Estates Section of the Westchester County Bar Association and serves as the 9th judicial district representative to the New York State Bar Association’s Trusts and Estates Section. He has been recognized in the Metro area Super Lawyers in the Trusts & Estates category and has also been named a Five Star Professional Wealth Manager Award Winning Trusts and Estates attorney.
Kevin started his career as a tax consultant for a Big Six accounting firm. Thereafter, he joined the trusts and estates department of a major Wall Street law firm as an associate. Prior to starting the Law Offices of Kevin H. Cohen, P.C., in 2003, Kevin headed the trusts and estates department of a prominent Westchester law firm where he also concentrated in the practice of elder law. Kevin received his law degree from the Benjamin N. Cardozo School of Law (J.D., 1995) and graduated, cum laude, from the State University of New York at Albany (B.S., Business Administration, Concentration in Finance, 1992). He is admitted to practice law in New York, New Jersey and Connecticut. Memberships: New York State Bar Association, Westchester County Bar Association.
For registration details, please click on the document link below.
