Tax Planning
Tax Planning for Closely-Held Businesses and High Net Worth Individuals
Wilchins Cosentino & Novins has earned a reputation for excellence in private client services for high net worth individuals and owners of privately held businesses. Our estate tax planning attorneys provide sophisticated income, gift and estate tax planning advice and strategies to individuals and businesses.
The tax planning attorneys at WCN frequently help clients prepare and file an array of tax returns, including income tax returns, gift tax returns and estate tax returns or work with their accountants on these filings.
Exceptional Service.
Exceptional Value.
We take great pride in serving our clients with our personalized, concierge approach, to effectively address our clients’ legal needs. Our skilled tax planning attorneys work as a cohesive team delivering highly effective legal strategies and solutions that are proven and practical.
Meet the Attorneys in the Private Client Services Practice at Wilchins Cosentino & Novins
Brian D. Bixby
Partner
Eric B. Brenman
Of Counsel
Mary C. Cocossa
Attorney
John W. Donahue
Partner
Taylor Ferrara
Attorney
Daniel Haies
Of Counsel
Robert W. Meshel
Of Counsel
Imelda Monaghan
Partner
Mary Wilson Rodriguez
Attorney
Merek Rubin
Partner
Rachel M. Wassel
Partner
Stephen N. Wilchins
Partner
Why WCN for Private Client Services
Right-sized. We are large enough to have the depth of expertise and knowledge, while small enough to be available, accessible and personal.
Concierge Approach. Our clients are assured of our accessibility, personal attention and skilled guidance as we seamlessly and adeptly address their legal needs.
Channel WCN
The Latest in Law
Learning the Hard Way: Income Tax Consequences of Nonqualified Distributions from 529 Plans
As the cost of education continues to increase, funding a 529 Plan can provide invaluable investment and gifting opportunities for education-focused families. Cash gifts to 529 Plans grow income tax deferred if used for qualified education expenses. Contributions to a...
Thinking Across Tax Systems: Income Tax vs. Estate and Gift Tax
Many clients understand the basic concepts behind the income tax and estate and gift tax systems. What is less intuitive is how these two regimes interact, and sometimes conflict, when planning across a lifetime. Both tax systems seek to tax economic gains, but they...
Automatic GST Allocation: Helpful Shortcut or Costly Mistake? Five Challenges Posed by Automatic Allocation
The Generation-Skipping Transfer (GST) tax was created to prevent families from avoiding estate taxes by transferring wealth directly to grandchildren. While automatic GST allocation rules were introduced to simplify the process, they can create unintended consequences. From inflexible allocations to mismatches with estate planning goals, relying on these defaults without careful oversight can lead to wasted exemptions and unexpected tax liabilities. Understanding the risks is key to preserving wealth across generations.
