Wills, Trusts, Estates and Taxes

The attorneys in the Wills, Trusts, Estates and Taxes practice group at Astor Weiss Kaplan & Mandel, LLP have over 100 years of combined experience tailoring estate plans to the unique circumstances of each client and his or her beneficiaries while minimizing estate and inheritance taxes.
Creating  an estate plan that is specific to your situation starts with   thorough analysis of  your assets and discussion of your estate planning goals (e.g.,  establishing guardianship for your children, providing for future generations, protecting your loved ones, pet care, and/or supporting personal philanthropic causes). The next step is to  strategize how to  meet your estate planning goals in a tax efficient manner.  
The practice group also has extensive experience in the administration of estates and trusts of all sizes and complexity.

 

Our experience includes, but is not limited to, the following:
  • Wills
  • Financial and Healthcare Power of Attorneys
  • Healthcare Directives (a/k/a Living Wills)
  • Trusts:
    • Revocable Trusts
    • Irrevocable Life Insurance Trusts (“ILIT”)
    • Grantor Retained Annuity Trusts (“GRAT”)
    • Grantor Retained Unitrusts (“GRUT”)
    • Intentionally Defective Grantor Trusts (“IDGT”)
    • Trusts that can hold S-Corp Stock
    • Trusts for the benefit of Grandchildren
    • Qualified Personal Residence Trusts (“QPRT”)
    • Special Needs Trusts
    • Retirement Plan Trusts
  • Estate Administration
  • Trust Administration
  • Lifetime Gifting Strategies
  • Business Succession Planning
  • Asset Protection Strategies
  • Family Limited Partnerships
  • Domicile Planning
  • Charitable Planning:
    • Charitable Lead Trusts (“CLT”)
    • Charitable Remainder Trusts (“CRT”)
    • Foundation Planning

Wills, Trusts, Estates and Tax Attorneys

  • Barbara Oaks Silver
    Barbara Oaks Silver
    Partner
  • David S. Workman
    David S. Workman
    Partner / Chair of the Tax and Estate Planning Departments
  • Stephen H. Green
    Stephen H. Green
    Of Counsel
  • Daniel R. Levine
    Daniel R. Levine
    Associate
  • Paul C. Astor
    Paul C. Astor
    Senior Partner
Barbara Oaks Silver
Partner

barbara-oaks-silverBackground

Barbara Oaks Silver is a partner in the firm, with her practice focused on the areas of Family Law and Estate and Financial Planning. Before joining the Firm in 1991, 23 years ago, Ms. Silver worked as a partner with her husband, Edward W. Silver, in their own Philadelphia Law Firm.

In 1999, Ms. Silver was one of the 154 attorneys chosen by her peers as a Best Lawyer in Philadelphia Magazine. She was also named as one of the Top 50 women lawyers in Pennsylvania. In 2004, 2005 and 2006, Ms. Silver was also named a Super Lawyer by her colleagues.

Education

  • University of Pennsylvania, undergraduate degree, Phi Beta Kappa
  • Temple University Law School , J.D., 1969, first in class

Bar Admissions

  • Pennsylvania

Professional Affiliations

  • Pennsylvania Bar Association
  • Philadelphia Bar Association

Community Involvement

  • Facilitator and teacher of the course titled “The Law, The Community and You” through Temple University Center City, TARP Division
  • Created and taught “Practical Law & Money” to over 1,400 women at the Gershman Y in Philadelphia
  • Past Chair of the Board of Friends of Curtis Institute of Music
  • Member of Executive Board of Stokowski Society
  • Creator and instructor of practical law and finance course designed especially for women at the Institute of Awareness in Philadelphia
  • Serves on the Board of Directors for several community organizations

Presentations and Publications

  • Ms. Silver has lectured and taught many courses throughout Pennsylvania and New Jersey, primarily focusing on Family Law and Estate Planning.
  • Former Professor of Corporate Law at the Institute for Paralegal Training in Philadelphia

Awards

Contact

Barbara Oaks Silver, Esquire
Astor Weiss Kaplan & Mandel, LLP
The Bellevue
200 South Broad Street, Suite 600
Philadelphia, PA 19102
215.790.0100
215.790.0509 (fax)
bsilver@astorweiss.com

David S. Workman
Partner / Chair of the Tax and Estate Planning Departments

GACo_Workman-David-231Background

David Workman, a partner in the firm since 1980, and is chair of the Tax and Estate Planning departments. Mr. Workman is a recognized expert in the field of tax and estate planning, concentrating his practice in federal, state and local tax matters, estate planning, estate administration and probate law. He further works closely with the firm’s litigation department on cases brought concerning trusts, wills or tax issues.

Mr. Workman coordinates commercial and real estate transactions, domestic relations resolutions and foreign expansion business with in-depth tax and estate planning. He has acted as counsel to both multi-million dollar corporations and small companies, as well as served as counsel for individuals with estate and financial planning concerns.

Education

  • University of Virginia, B.A.
  • University of Virginia, J.D.
  • New York University, LLM in Taxation

Bar Admissions

  • Pennsylvania
  • Delaware
  • Ohio
  • U.S. Tax Court

Professional Affiliations

  • Philadelphia Estate Planning Council

Awards

  • Mr. Workman was named a Pennsylvania Super Lawyer from 2004 through 2015

Presentations and Publications

  • Mr. Workman has lectured extensively, including the Annual Tax Forum of the Pennsylvania Institute of Certified Public Accountants, the Philadelphia Chamber of Commerce, and other professional groups on estate planning and/or tax-related topics

Contact

David S. Workman, Esquire
Astor Weiss Kaplan & Mandel, LLP
The Bellevue
200 South Broad Street, Suite 600
Philadelphia, PA 19102
215.893.4968
215.790.0509 (fax)
dworkman@astorweiss.com

Stephen H. Green
Of Counsel

GACo_Green-SteveBackground

Stephen Green is Of Counsel to the Firm. His practice is focused in the areas of business, real estate, tax and estate planning, administration, and litigation. Among other representations, he has taken companies public and has helped neighborhood family business be sold. He has handled large commercial real estate transactions as well as home purchases. He administers estates of all sizes and has litigated large estate matters. He prepares simple Wills and sophisticated estate plans.

Education

  • Lafayette College, A.B., Phi Beta Kappa
  • Columbia University Law School, J.D.
  • New York University Law School, LLM in Taxation

Bar Admissions

  • Pennsylvania
  • U. S. District Court for the Eastern District of Pennsylvania
  • U.S. Court of Appeals, Third Circuit
  • The United States Tax Court

Professional Affiliations

  • Former chair of Philadelphia Bar Association Fee Disputes Committee
  • Lecturer in Continuing Legal Education seminars
  • Former member of the Boards of the Support Center for Child Advocates, the Philadelphia Association for Retarded Citizens, and the Friends

Neighborhood Guild

  • Former President of the Associated Alumni of Central High School, Philadelphia
  • Lecturer on business law at two area colleges

Presentations and Publications

  • Guardianship in Pennsylvania, Pennsylvania Bar Institute Article
  • “Activism and the Tax Status of Exempt Organizations”, Pennsylvania Bar Quarterly Article
  • “Understanding Estate Planning and Wills” authored by Stephen H. Green
  • “Willmaking”, article in the the Journal of the National Comprehensive Cancer Network

Contact

Stephen H. Green, Esquire
Astor Weiss Kaplan & Mandel, LLP
The Bellevue
200 South Broad Street, Suite 600
Philadelphia, PA 19102
215.790.0100
215.790.0509 (fax)
sgreen@astorweiss.com

Daniel R. Levine
Associate

GACo_Levine-DanBackground

Daniel Levine is an associate in the Tax and Wills, Trusts and Estates and departments. He is a licensed member of the bar in Pennsylvania, New Jersey and New York.

Mr. Levine graduated from the University of Pittsburgh with a degree in Finance in 2004 and received his J.D. from Drexel University Thomas R. Kline School of Law in 2009 where he graduated with honors in the Business and Entrepreneurship law concentration. After law school, Mr. Levine attended the Graduate Tax Program at Villanova University School of Law – where received a LLM in Taxation and an Estate Planning Certificate.

At Villanova, Mr. Levine worked with the Honorable Judge Lois Murphy at the Orphans’ Court of Montgomery County where he reviewed fiduciary accounting statements of trusts and estates and prepared adjudications for those trusts and estates.

Prior to joining Astor Weiss Kaplan & Mandel, Mr. Levine worked for KPMG in their International Tax group. At KPMG, Mr. Levine provided international tax advice to clients involved in both inbound and outbound transactions including, but not limited to, client restructurings, international transactions, mergers and acquisitions, tax return complaints, foreign tax credit calculations and general tax advisory services.

Education

  • University of Pittsburgh, BSBA, 2004
  • Drexel University Thomas R. Kline School of Law, J.D., 2009
  • Villanova University School of Law – LLM in Taxation, 2010
  • Villanova University School of Law –Estate Planning Certificate, 2010

Honors

  • Drexel University’s Earle Mack School of Law, Honors Certificate in Business and Entrepreneurship Law
  • Selected as a Pennsylvania Super Lawyer Rising Star (2015 & 2016)

Bar Admissions

  • Pennsylvania
  • New Jersey
  • New York

Contact

Daniel R. Levine, Esquire
Astor Weiss Kaplan & Mandel, LLP
The Bellevue
200 South Broad Street, Suite 600
Philadelphia, PA 19102
215.790.0100
215.790.0509 (fax)
dlevine@astorweiss.com

Paul C. Astor
Senior Partner

GACo_Astor-Paul-400Background

Paul Astor is the senior partner and chair of the firm and its executive committee. Mr. Astor founded the firm in 1954. Today, his practice is focused on the areas of Corporate and Commercial Law, Trusts and Estates, Real Estate Law and Domestic Relations.

Mr. Astor has held several positions with multiple government agencies, including serving as special counsel to the Governor of Pennsylvania, helping to bring Volkswagen’s manufacturing plant into the Commonwealth, and serving as special counsel to the Pennsylvania Department of Revenue, Lottery Division. Mr. Astor has served as Chairman of the Philadelphia Bar Association’s Law Day and has chaired its Public Relations Committee.

Education

  • Wharton School of the University of Pennsylvania, B.S. in Economics, 1951
  • University of Pennsylvania Law School, J.D., 1954

Bar Admissions

  • Pennsylvania
  • U.S. District Court for the Eastern District of Pennsylvania

Professional Affiliations

  • The Brandeis Law Society
  • Philadelphia Bar Association
  • Pennsylvania Bar Association
  • American Bar Association

Awards

  • Recipient of “Lifetime Achievement” Award of American Associates of Ben Gurion University, November 2007
  • American Heart Association, honoree
  • Chairman’s Circle, Abramson Center for Jewish Life
  • Legacy Society, Federation of Jewish Agencies

Community Involvement

  • Served on the advisory Board of Hudson United Bank and is counsel and Director of WEAZ-FM Radio, Inc. (B101)
  • Served as President and was named Honorary President of the Justice Lodge of B’Nai B’rith
  • Honorary Director of the Abramson Center for Jewish Life (formerly Philadelphia Geriatric Center)
  • Serves as a Director on the Leadership Council of the Abramson Cancer Center at the University of Pennsylvania
  • Associate Chairman and Founder of American Associates of Ben Gurion, University of Negev
  • Director on National Board of AABGU & Chairman of its Governance Committee
  • Trustee of the Federation of Jewish Agencies
  • Supporting member of the National Liberty Museum
  • Supporting member of the Academy of Music
  • Supporting Philadelphia Opera Company
  • Served as President of Men’s Club, Temple Beth Hillel-Beth-El and served as Board Member
  • Co-Chairman (2 years) Federation “Circle of Partners”

Presentations and Publications

  • Served on panels (seminars on Ethics and Law) at the University of Pennsylvania Law School and Villanova Law School

Contact

Paul C. Astor, Esquire
Astor Weiss Kaplan & Mandel, LLP
The Bellevue
200 South Broad Street, Suite 600
Philadelphia, PA 19102
215.790.0100
215.790.0509 (fax)
pastor@astorweiss.com

 

Estate Planning Attorney Explains Power of Attorney for Greater Philadelphia Area Residents

A power of attorney is a written document that gives one person (the “agent”) the authority to act on another’s behalf for any legal, economic or health care issues.
Why do I need a Power of Attorney?
A Power of Attorney is an essential estate planning document to have in place in case you become seriously ill, disabled or injured and unable to manage your affairs.In addition to estate planning, a Power of Attorney is also vital for Medicaid and other public benefit planning.
What is a Power of Attorney?
A Power of Attorney is a legal document that allows you (the “principal”) to designate an individual (the “agent”) or group of individuals (“agents”) to act on your behalf during your lifetime (the document is no longer valid after your death).
There are two main types of Power of Attorneys in Pennsylvania – (1) a Financial Power of Attorney and (2) a Health Care Power of Attorney (sometimes called a Health Care Proxy).There are also “Limited Power of Attorneys” that are used for specific transactions at certain times (for example, a Limited Power of Attorney for a real estate closing).
A Financial and a Health Care Power of Attorney can be“Durable” and/or “Springing.” A Durable Power of Attorney stays in effect if you become incapacitated and unable to handle matters on your own. A Springing Power of Attorney becomes active when the principal becomes incapacitated. In Pennsylvania, Power of Attorneys are presumed to be durable unless stated otherwise.
Financial Power of Attorney
On January 1, 2015, a new law governing Financial Power of Attorneys became effective. Read more here.
Powers Granted:
In Pennsylvania, an agent under a Financial Power of Attorney can perform almost any act the principal could perform regarding the financial management of his or her affairs.Certain powers must be specifically granted to the agent. In order to determine if you should grant one of these “special” powers to your agent, you should contact one of our estate planning attorneys.
Formalities:
A Financial Power of Attorney is required to have certain “Notice” language on the first page that has be in all capital letters. The document has to be signed by the principal and notarized. At least two witnesses have to sign and neither witness can be the agent nor the notary.
Agent
In Pennsylvania, an agent has the following duties:
  1. Act in accordance with the principal’s reasonable expectations to the extent actually known by the agent and, otherwise, in the principal’s best interest.
  2. Act in good faith; and
  3. Act only within the scope of authority granted in the power of attorney.
Therefore, you should choose an individual that you trust to be your agent.
The agent has to sign the Financial Power of Attorney. There is no requirement for a notary or witnesses.
Health Care Power of Attorney
Powers Granted:
An agent under a Health Care Power of Attorney will have access to your medical records and will have broad powers to make health care decisions for you.
Formalities:
A Health Care Power of Attorney needs to be signed by the principal and two witnesses. The two witnesses have to be at least 18 years of age and it is preferable if the witnesses are neither your heirs, your creditors, nor any of your health care providers.
The Health Care Power of Attorney does not have to benotarized, but if the document is both witnessed and notarized, it is more likely to be easily honored by the laws of some other states.
Agent
Similar to your financial agent, you should choose an individual that you trust and that will act in your best interests as your health care agent.
In Pennsylvania, an agent does not have to sign the Health Care Power of Attorney.
An estate planning attorney at Astor Weiss Kaplan & Mandel, LLP can help you determine which type of Power of Attorney document relevant to your situation. If you live in the greater Philadelphia area and need assistance designating an “agent “or “agents” to act on your behalf or simply reviewing your documentation to ensure your wishes are met, contact an estate planning attorney at 215-790-0100

Wills

 

Last will and Testament

A will is essential at every stage of your life. Your last will and testament provides the opportunity to distribute your property, establish care for your children and otherwise express your wishes upon your death. If you die without a will, the state in which you reside determines how your property is distributed and who cares for your children – which may result in unintended consequences. To see how the Commonwealth of Pennsylvania would distribute your property without a will, read more here.

Changing your will

As your life changes, so will your estate plan. You should update your will as your circumstances change. We can assist in drafting valid codicils that address changes in your financial situation, marital status, number of children, philanthropic interests and general lifestyle decisions.
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