close

Nicholas Nanovic focuses his practice on estate planning and administration, taxation, and business law.

Nick has extensive experience in drafting estate planning documents including wills, powers of attorney, health care directives, revocable trusts, grantor retained annuity trusts (GRATs), intentionally defective grantor trusts (IDGTs), charitable lead trusts (CLATs and CLUTs), charitable remainder trusts (CRATs and CRUTs), qualified personal residence trusts (QPRTs), and irrevocable life insurance trusts (ILITs).  He advises clients on asset protection planning through the proper titling of property and establishment of limited partnerships and limited liability companies (LLCs).  Nick handles all aspects of estate administration including probate, obtaining an inventory of the assets, management of estate assets, distributions to beneficiaries, protection of executor when making decisions on handling estate debts and assets, preparation of estate fiduciary income tax returns, and preparation of the Pennsylvania inheritance tax return.

Nick’s tax practice is focused on personal income taxes, business taxes, and gift and estate taxes.  He also helps individuals and businesses negotiate their tax liabilities with the IRS and Pennsylvania Department of Revenue.

Additionally, Nick assists in the formation of business entities including corporations, S corporations, LLCs, and partnerships.  He advises clients on how to properly structure the governing documents for these organizations.  He interprets pre-existing governing documents to help clients understand their rights and obligations for the roles they have in the business.

Nick is board member and former President of the Estate Planning Council of the Lehigh Valley and is certified as an Accredited Estate Planner® (AEP®) designee by the National Association of Estate Planners & Councils (NAEPC). He has been recognized in Philadelphia Magazine as a Rising Star, a distinction for lawyers aged 40 and under or who have been practicing for less than 10 years, reserved for no more than 2.5% of all attorneys in Pennsylvania. Nick actively participates with Wills for Heroes, a free program for first responders and veterans, and their significant others, which provides them with wills, powers of attorney and living wills. He is President of the Notre Dame Club of Lehigh Valley. While in law school, Nick interned for the Small Business/ Self-Employed division of the Internal Revenue Service in the Miami, Florida office and was actively involved with the Volunteer Income Tax Assistance program, serving as one of the project’s leaders for two years.

 

Articles

Publications

  • “The Probate Process From Start to Finish,” Allentown, PA, August 27, 2018
  • “New Changes to the Tax Law – What Lawyers Need to Know,” Palmerton, PA, April 20, 2018
  • “IRS Offshore Voluntary Disclosure Program and the Offer in Compromise,” Allentown, PA, November 11, 2015
  • “Wills for Heroes,” Lords Valley, PA, November 7, 2015
  • “Cocktails and Case Studies: Succession Planning,” Center Valley, PA, October 30, 2015
  • “Pennsylvania’s New Power of Attorney & Common Estate Planning Pitfalls,” Center Valley, PA, April 28, 2015
  • “Pennsylvania’s New Power of Attorney,” Allentown, PA, November 20, 2014
  • “Effects of Windsor on Same-Sex Couples in Pennsylvania,” Allentown, PA, May 14, 2014
  • “Fiscal Cliff Hanging: Life After 2012,” Allentown, PA, January 16, 2012
  • 2011 Estate/Gift Tax Changes: Implications to Estate Plans,” Allentown, PA, January 27, 2011
  • 2011 Estate/Gift Tax Changes: Implications to Estate Plans,” Allentown, PA, January 26, 2011
  • “Tax Relief Act of 2010,” Tallman, Hudders & Sorrentino, Allentown, Pennsylvania, May 12, 2011
  • “Pennsylvania Tax Amnesty Program,” Tallman, Hudders & Sorrentino, Allentown, Pennsylvania, January 13, 2010
  • “Taxation of Settlements and Judgements,” Tallman, Hudders & Sorrentino, Allentown, Pennsylvania, February 11, 2009

R. Nicholas Nanovic was selected to the 2018 Super Lawyers list. The Super Lawyers List is issued by Thompson Reuters. A description of the selection methodology can be found here.

 

 

Contact this Attorney

[recaptcha id:attorney-captcha]

[recaptcha size:compact]