Private Clients Group
Phillips Nizer LLP's Private Clients Practice provides a broad array of services to individuals, families and closely held businesses. Our firm has a long-standing reputation for superior service and sensitivity in managing issues of personal legal interests with discretion and consistent, clear communication. Whether we are protecting the interests of individuals in the area of trusts and estates or family dissolutions, providing advice on tax and financial planning, or handling real estate transactions, all of our clients are treated with genuine respect and their matters are handled with due diligence.
Phillips Nizer has had an established presence in the legal community for the last 75 years. Founded by the renowned Louis Nizer, we have traditionally placed an emphasis on recruiting individuals who have a high level of expertise in their respective practice areas. Moreover, the size and the diversity of our practice enables us to be a full-service law firm in virtually all areas of the law while affording our clients close working relationships with the partners and associates in specialized practices. This is particularly helpful to clients of our Private Clients Practice, who benefit from close coordination of legal services in personal services such as executive compensation, tax, real estate, estate planning, pension benefits, creditors rights and family matters.
Trusts & Estates
Our Trusts & Estates Department attorneys bring to their tasks considerable experience and close "hands on" attention in the planning and administration of estates and trusts. We are known authors and lecturers on estate planning subjects, with an emphasis on gift, estate and generation-skipping transfer taxation and the income taxation of trusts and estates. Several of our members have served as adjunct professors at leading law schools.
Our firm represents individual and corporate executors and trustees in connection with the administration of trusts and estates, both domestic and international, and assists fiduciaries in the performance of their duties. We regularly advise in planning for the reduction of the impact of taxation on the transfer of wealth from generation to generation and the preservation of family owned businesses, as well as personal family, estate and succession planning for resident and non-resident, citizens and non-citizens. Services to executors include post-mortem income tax planning, representation in federal and state estate tax proceedings and matters which involve the disposition of assets of every description both in the U.S. and abroad. In addition, recognizing that tax reduction is not always the only concern, we are sensitive to the needs of clients dealing with considerations arising from second marriages, the conflicting or different interests of beneficiaries, and the need to provide for the young, the elderly and the disabled. Our Trusts & Estates Department attorneys take pride in their ability to accomplish the efficient and economical administration of estates.
Matrimonial & Family Law Practice
The attorneys in our highly respected Matrimonial Department utilize their individual and collective ability to guide clients through the difficult and emotional realm of family and matrimonial issues. We typically provide legal counsel on questions relating to equitable distribution, child and spousal support, child custody and visitation and relocation, paternity, adoption, cohabitation, as well as prepare prenuptial and separation agreements on behalf of our clients. In counseling clients, our goal is always to achieve the maximum and best results for our clients in the most cost-effective manner-preferably with minimal conflict and negotiated settlements, but, if necessary and appropriate, through the assistance of the courts.
Our matrimonial attorneys represent individuals in all settlement, litigation and appellate aspects of family law, and provide the experience, sensitivity and tenacity that are required in these difficult matters. We can also provide mediation and arbitration services for parties interested in alternative dispute resolution mechanisms.
Family Held Corporations
Our attorneys are sensitive to the importance of family and closely held corporations which frequently represent a significant percentage of an individual's or family's net worth. Dealing with these entities is absolutely integral to effective financial and estate planning. Our firm has extensive experience in the organization of such companies, shareholders' agreements, assisting with intelligent succession planning, mediation and related legal services when internal problems arise among shareholders.
Phillips Nizer attorneys assist clients with complex tax issues. We represent individuals in all areas of federal and state taxation, including individual, partnership, and corporate income taxes, estate, gift and generation skipping taxes and real estate taxes. We employ all available tax planning tools, including family limited partnership formation, life insurance trusts, grantor retained annuity and unitrusts, qualified personal residence trusts, private annuities, intentionally "defective" grantor trusts, self-canceling installment obligations, private foundations and charitable lead and remainder trusts.
Executive Compensation & Benefits
Our tax attorneys are also experienced in all aspects of compensation planning. We can assist clients in designing and implementing qualified and non-qualified pension, profit sharing, deferred compensation, stock bonuses and other retirement benefit plans. We also assist in negotiating employment contracts and structuring compensation packages. Phillips Nizer also has a full staff of experienced employment attorneys who can represent clients or their businesses in structuring, negotiating and drafting employment contracts, executive compensation and benefits, employee benefit plans and exit packages.
Residential Real Estate
Acquiring or selling a home is an important yet sometimes stressful process, particularly in New York City and its suburbs. We have extensive experience assisting clients with all legal aspects of the acquisition and sale of real estate. Additionally, the Real Estate Department has a special expertise in the area of condominium, cooperative and homeowner association work.
For assistance or questions in any of the following areas, please call:
Matrimonial & Family Law
Trusts & Estates
Family Held Corporations