Steven B. Gorin concentrates his practice in estate planning and in structuring privately held businesses. He builds estate plans for individuals, keeping in mind their financial security and desire to save income and estate tax.
Steve's practice structuring businesses helps owners plan for the eventual sale (to co-owners, employees, or third parties) or transfer (to family members), providing a legal framework for an orderly transition while strategically saving income, transfer, and FICA taxes.
Steve practiced accounting for 8 years and continues to maintain his CPA license. He was a partner in a small CPA firm, helping individuals and businesses with income tax planning, tax return preparation, and financial planning. When Steve structures businesses, he seeks to reduce family or business conflict and save estate tax.
Some strategies reduce income tax on the exit from a business, maximize tax basis increases when an owner dies, avoid income tax traps regarding deferred compensation and life insurance, secure life insurance proceeds for buy-sell agreements, or protect an election to be taxed as an S corporation.
Steve might be the only lawyer in the country to attend all of the meetings of not only the American Bar Association's Real Property, Trust & Estate Law Section from 2001-May 2013, but also the American College of Trust & Estate Counsel since 2005. He uses what he learns to help clients and shares it with other professionals by speaking locally and nationally on estate and income tax planning for business owners and individuals.