PRACTICE AREAS
OUR PHILOSOPHY
At Katz Baskies we are dedicated to providing premier legal service to clients engaged in private wealth creation, preservation, management and transfer, for themselves, their families, and the community.
Our practice areas include the broad scope of income tax planning, sophisticated wealth transfer planning (including gift and estate tax planning), estate and trust administration, prenuptial and postnuptial agreements, and documentation of corporate and partnership transactions applicable to entrepreneurs.
NEWS OF INTEREST
Decision from Florida Supreme Court Creates Questions Regarding the Asset Protection Benefits of Florida LLCsFor clients with Florida LLCs, a review of the new Supreme Court decision is vital. The decision clarifies that creditors can take a single-member LLC to satisfy a claim, and the decision also highlights that a charging lien is not the exclusive remedy for a creditor even in a multi-member LLC.
Katz Baskies quoted on Cyrogenic PlanningThomas O. Katz was recently quoted with regard to the unique estate tax planning issues for those wishing to be cryogenically preserved and retain the benefits of insurance proceeds.
New Bill Would Dramatically Alter GRAT PlanningFor years, GRATs (“Grantor Retained Annuity Trusts”) have offered clients a convenient estate planning tool. GRATs are irrevocable trusts which offer an essentially zero-risk transfer tax savings opportunity. Due to legislation Passed by the House of Representatives in late March and pending before the Senate, anyone that has considered using a GRAT in his or her estate planning should act now while many of the benefits are available.