Jay concentrates his practice in sophisticated high net worth family estate and gift tax planning, estate administration and asset protection planning matters. He customizes innovative estate and gift tax planning arrangements to implement client goals in a tax effective manner. This includes Sales to Intentionally Defective Grantor Trusts, Irrevocable Trust Agreements for life insurance portfolios, Foreign Situs Trusts, Family Partnerships, Charitable Trusts, Grantor Retained Annuity and UniTrusts, Qualified Personal Residence Trusts, Self-Cancelling Installment Notes, Private Annuities, asset titling and proper Beneficiary Designations on Retirement / IRA Funds.
Jay works with wealthy couples in blended families and second marriages who have children from a prior marriage to achieve their important estate planning goals. He has established many Private Family Foundations, Charitable Remainder Trusts and Charitable Lead Trusts and secures favorable IRS determination of 501(c)(3) tax exempt status.
Jay represents Executors in the probate of complicated Estates from Will submission to filing Federal and State Estate Tax Returns, obtaining tax clearances and distribution of Estate assets to beneficiaries. He works with individual and institutional Trustees in the administration of very sizable Trust funds. He prepares probate accountings with the assistance of his competent staff. Jay has been very successful in representing high net worth clients in Federal and State Gift Tax audits and Executors in Estate Tax audits.
Education
- Boston University, LL.M. in Taxation, 1987
- New England School of Law, J.D. 1986
- Northeastern University, B.S. 1979
Admissions
- States of Connecticut, New York and Massachusetts
- U. S. Tax Court
- U. S. District Court
Affiliations
- UBS National Network of Estate Planning Attorneys
- Connecticut Estate Tax Planning Council, Inc.
- Lower Fairfield County Estate Tax Planning Council, Inc.
- NYU Tax Study Group. Inc.
Representative Clients
High net worth families, senior executives of publicly held companies, entrepreneurs, celebrities, owners of closely held businesses, banks and trust companies.