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  • Mar 06, 2017Jill Lebowitz to Facilitate 8th Annual Probate Symposium

    Jill Lebowitz, a Member of the Bridgewater-based law firm Norris McLaughlin, P.A., and Vice Chair of the New Jersey State Bar Association (NJSBA) Real Property, Trust & Estate Law Section, will be a moderator and speaker at the 8th Annual Probate Symposium to be held Friday, March 17, at the New Jersey Law Center. The event is sponsored by the New Jersey Institute for Continuing Legal Education in cooperation with the NJSBA Real Property, Trust & Estate Law Section and the NJSBA Senior Lawyers Special Committee.

    This year’s symposium will feature knowledge and expertise gained from many years of estate planning practice, including updates on elder law and special needs trusts; retirement benefits; estate and trust litigation; charitable remainder trusts; estate planning for digital assets; and gift, estate, and income tax issues; as well as the phasing out of the New Jersey Estate Tax.  Lebowitz, along with Glenn A. Henkel, Esq., and Richard H. Greenberg, Esq., will discuss “No More Discounts (Maybe) and No More Federal and NJ Estate Tax (Maybe).”  For more information or to register, visit www.njicle.com or call (732)214-8500.

    Lebowitz devotes her practice to estate planning, trust and estate administration, and counseling tax-exempt organizations. In the area of estate planning, Lebowitz counsels individuals and families regarding simple and complex estate planning, business succession issues, philanthropic planning, and elder law issues.  She is experienced in drafting estate planning instruments, including wills, insurance trusts, dynasty trusts, charitable trusts, grantor retained annuity trusts, qualified personal residence trusts, shareholders agreements, limited liability company operating agreements, durable powers of attorney, and advance directives for health care.

    In the area of trust and estate administration, Lebowitz prepares numerous federal and state estate and inheritance tax returns. In addition, she drafts disclaimers and agreements regarding post-mortem planning, prepares informal distribution agreements, judicial fiduciary accountings, and court proceedings to effect final distribution of estates and trusts. She also counsels individuals and financial institutions about their fiduciary duties as personal representatives and trustees, including advising on legal and tax issues, and issues relating to trust administration.

    On behalf of tax-exempt organizations, Lebowitz drafts non-profit corporation documents and prepares federal applications for tax exempt status, state charitable registration filings, and state property and sales tax exemption applications. She advises individuals, family and corporate foundations, and tax exempt organizations on non-profit corporate governance, private foundation excise taxes, domestic and international grant-making, executive compensation, excess benefit rules and intermediate sanctions, unrelated business income, scholarship programs, and fundraising issues.

    Lebowitz earned her LL.M. in Taxation from New York University School of Law, her J.D. from Rutgers University School of Law—Newark, and her B.A. from New York University.

    Posted in: Estate Planning & Administration, Jill Lebowitz, News | Tags: , , , , , , ,

  • Dec 07, 2016Victor S. Elgort Speaks On LLC Operating Agreements

    Victor S. Elgort, a Senior Member of the Bridgewater-based law firm Norris McLaughlin, P.A., will speak at “LLC Operating Agreements,” a one-day course presented by the National Business Institute on Monday, December 19, from 9:00 a.m. to 4:30 p.m. at the Courtyard by Marriott in Princeton.

    Elgort will speak on “Tax Mistakes Made in Distribution, Allocation and Entity Selection” and “Transfer Restriction Issues, Right of First Refusal, Impasse (Put/Call), Capital Call and Dissolution Provisions.”  For more information or to register, visit the NBI website.

    Elgort is Chair of the firm’s Tax Group. His practice concentrates on business law and tax planning, including the structuring of partnerships and joint ventures, tax-saving real estate and business exit strategies, executive compensation, and domestic and international estate planning matters.

    Elgort organized and created the first limited liability company in New Jersey.  He has authored the standard form operating agreements and other documents for limited liability companies published by Julius Blumberg, Inc., including both the forms for use in New Jersey and the generic forms offered nationwide for limited liability companies.

    In addition, Elgort is a Fellow of the American College of Trust and Estate Counsel.  He frequently lectures at tax planning courses, including continuing education seminars. He has authored extensive material published by the National Business Institute, Lorman Education Services, Professional Education Seminars, and other national seminar companies, including “Partnerships, LLCs and LLPs: Organization and Operation,” “Asset Protection Planning in New Jersey,” “Limited Liability Companies in New Jersey,” “Transferring Business Wealth,” “Administration of the Estate in New Jersey,” “Planning Opportunities with Living Trusts in New Jersey,” “New Jersey Probate: Beyond the Basics,” “A Practical Guide to Estate Administration in New Jersey,” and “Family Limited Partnerships and Limited Liability Companies in New Jersey.”

    Elgort received his undergraduate degree with honors from Rutgers University, his J.D. with honors from Cornell University, and his LL.M. in Taxation from New York University. Elgort is included in the Trusts and Estates section of The Best Lawyers in America and has been named by his peers as a New Jersey Super Lawyer in the Tax section.

    Posted in: News, Taxation, Victor S. Elgort | Tags: , , , , , , ,

  • Nov 22, 2016Milan D. Slak to Present CPA Class

    Milan D. Slak, a Member of the law firm Norris McLaughlin, P.A., will present a one hour continuing education class on self-employment tax and LLC operating agreement provisions for the CPAs at Buckno, Lisicky & Company.  The class will be held on Tuesday, December 6.

    A resident of Allentown, Slak focuses on all areas of taxation, business law, and estate and succession planning.  As a licensed CPA, he handles corporate, partnership, and individual taxation matters, and addresses tax issues and resolves tax disputes with the Internal Revenue Service and state governmental taxing authorities.  He works closely with clients to design and advise on a variety of tax planning initiatives and transactions involving federal and state tax law; mergers and acquisitions; capital investment; corporate, limited liability company, and partnership structuring; operation, reorganization, and termination; the use and taxation of trusts; and estate and succession planning for owners of closely held businesses.

    Additionally, Slak assists in the formation and organization of business entities, including corporations, S corporations, C corporations, limited liability companies, and partnerships.  He works with clients to properly structure the governing documents for these entities and to minimize income, net investment income, and self-employment taxes.  Slak also works with clients to design and implement estate, succession, and gifting strategies to achieve personal goals and minimize taxes.

    Over the past 10 years, Slak has been a speaker at local and national conferences on topics including choice of entity, capitalization structure, tax provisions of the healthcare act, the net investment income tax, and the taxation of S corporations, limited liability companies, and partnerships.

    Slak also works with franchise owners on business, personal, succession, estate, gift, and tax minimization strategies.  He focuses on achieving client goals in a tax efficient manner.

    Slak earned his LL.M. in Taxation in 2001 and J.D. in 1995 from Villanova University School of Law, and his B.B.A. in Accounting in 1991 from the University of Toledo.

    Posted in: Milan D. Slak, News, Taxation | Tags: , , , ,

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