Karen J. Shvarts is an Attorney at Law admitted to practice in both New York and New Jersey. She has more than two decades of experience practicing in the area of trusts and estates. Karen advises clients regarding pre-mortem gift and estate tax planning, which includes the use of wills, trusts and gifting to minimize estate and inheritance tax consequences. She has lectured on numerous occasions to accountants and attorneys regarding the preparation of the Federal Estate Tax Returns, State Inheritance Tax Returns and Federal Gift Tax Returns. Karen also lectures to the general public regarding the basics of estate planning.
Karen specializes in the administration of complex trusts and estates. She has served as counsel to corporate and individual fiduciaries. Her expertise enables her to effectuate the prompt distributions of assets and minimize the taxes attributable to decedent’s estates through the use of creative post-mortem elections and valuation techniques. In addition, Karen assists executors, trustees and beneficiaries in resolving difficult disputes that arise during administration, including estate tax issues upon audit by the Internal Revenue Service or State taxing authorities.