Alex Crean is an associate in Nixon Peabody’s Private Clients group. Alex focuses her practice in the areas of estate planning, estate and trust administration, and tax planning (both domestically and abroad) and in the estate, gift, generation-skipping transfer, and income tax regimes.
Having focused my practice on estate and trust administration in the early part of my career, I work with clients to create custom estate plans that reflect my experience and their individual and family planning and wealth transfer goals and implement time-tested techniques to reduce and/or eliminate transfer taxes and avoid probate. In so doing, I am able to identify measures that will not only allow my clients’ plans to work as intended but keep things as simple and efficient as possible for their loved ones. I also assist fiduciaries with estate and trust administration processes, including guiding personal representatives through the probate process, advising trustees on the management and distribution of trust assets, and recommending (to both) best practices to help avoid costly and time-consuming litigation.
The recent increase in the federal estate tax exemption affected many estate plans, in some instances, for the better, in terms of accomplishing individuals’ and families’ planning and wealth transfer goals. As we approach the 2020 election, it will be interesting to see whether the increased federal estate tax exemption endures, as we face a possible change in the administration. Even if it does not, the federal estate tax exemption is scheduled to sunset in 2026 and reduce to its pre-2018 levels. During the time leading up to the scheduled sunset, thanks to recently issued IRS regulations, there will be opportunities for all taxpayers to take advantage of the increased exemption with lifetime gifting.
Trusts And Estates | 04.27.20
Trusts And Estates | 03.10.20
NP Trusts & Estates Blog | 09.04.19
NP Trusts & Estates Blog | 06.04.19
NP Trusts & Estates Blog | 04.02.19
NP Trusts & Estates Blog | 12.04.18
NP Trusts & Estates Blog | 10.02.18
NP Trusts & Estates Blog | 07.02.18