Martin Shenkman, CPA, JD

Martin M. Shenkman, CPA, JD, MBA, PFS, AEP (distinguished), estate- and tax-planning attorney based in New York City. He is coauthor of Powers of Attorney: The Essential Guide to Protecting Your Family’s Wealth. ShenkmanLaw.com

New Reporting Requirement for Small Businesses
Personal Finances

New Reporting Requirement for Small Businesses

Martin Shenkman, CPA, JD | May 22, 2024

Effective this year, the Corporate Transparency Act (CTA) requires small businesses and entities to file ownership information with the Financial…

SLATs: Not Just for the Wealthy
Personal Finances

SLATs: Not Just for the Wealthy

Martin Shenkman, CPA, JD | May 9, 2024

People often assume that Spousal Lifetime Access Trusts (SLATs) aren’t for them. After all, with the federal estate-tax exemption at…

Time to Revise Your Will?
Estate Planning

Time to Revise Your Will?

Martin Shenkman, CPA, JD | October 18, 2023

Will your will actually do what you want it to do? You might never know—but your heirs could pay the…

Is a Family Limited Partnership Right for You?
Family Finances

Is a Family Limited Partnership Right for You?

Martin Shenkman, CPA, JD | September 11, 2023

Do you think a Family Limited Partnership (FLP) is something that you don’t need to consider? Maybe…maybe not. FLPs—a type…

Giving a Gift? Avoid These Tax Reporting Mistakes
Taxes

Giving a Gift? Avoid These Tax Reporting Mistakes

Martin Shenkman, CPA, JD | August 24, 2023

If you give someone a big gift, the IRS will have a gift for you, too—a tax form that’s a…

When a Loved One Doesn’t Have a Will
Death & Dying

When a Loved One Doesn’t Have a Will

Martin Shenkman, CPA, JD | August 13, 2023

A man walked into tax attorney Martin Shenkman’s office some years ago with a problem—he had inherited a large sum…

Time to Review Your Estate-Planning Tools
Estate Planning

Time to Review Your Estate-Planning Tools

Martin Shenkman, CPA, JD | July 24, 2023

Have your estate-planning tools turned against you? Can you trust your trusts to work as intended? Estate-planning decisions that made…

New Financial and Health Protections for People with Chronic Disabilities
Estate Planning

New Financial and Health Protections for People with Chronic Disabilities

Martin Shenkman, CPA, JD | November 23, 2020

For people with chronic disabilities, here are better ways to protect finances and health options.

Estate-Planning for People Who Get Remarried
Personal Finances

Estate-Planning for People Who Get Remarried

Martin Shenkman, CPA, JD | September 26, 2017

Deciding how your assets will be distributed after your death can be especially fraught for individuals who remarry. Here are 8 helpful strategies.

The Great Estate Tax Mess of 2010
Estate Planning

The Great Estate Tax Mess of 2010

Martin Shenkman, CPA, JD | January 23, 2013

How One Mistake Can Cost You Millions Congress has created great confusion for people seeking to minimize the possible tax…

Important Legal Steps If You Have a Chronic Disability

Important Legal Steps If You Have a Chronic Disability

Martin Shenkman, CPA, JD | July 26, 2012

A standard estate plan can be insufficient for someone who suffers from a potentially incapacitating chronic illness or disability. But…