Joseph C. Mahon

Partner
Frankfurt Kurnit Klein & Selz PC

Joseph C. Mahon is a partner in the Estate Planning and Administration Group of Frankfurt Kurnit Klein & Selz PC in New York. Mr. Mahon advises high net-worth individuals, including corporate executives and business and real estate owners, assisting clients in identifying and implementing their estate planning goals. Mr. Mahon has prepared estate plans and administered estates with assets ranging from modest levels to amounts in excess of $100 million.Mr. Mahon has lectured frequently on estate planning for The New York City Bar, the New Jersey Institute for Continuing Legal Education, the New Jersey Society of Certified Public Accountants, the Princeton Bar Association, and other organizations.
 

Articles by Joseph C. Mahon
New York State Significantly Changes its Estate and Gift Tax Regimes
On March 31, 2014, Governor Andrew Cuomo signed legislation that makes broad changes to the New York State estate and gift tax laws, as well as some more technical changes to certain trust income tax rules.
Reasonable Compensation 
Joseph C. Mahon discusses a recent Florida decision and its possible implications regarding the acceptance of the "lodestar" method
Estate Planning Shades of Grey
Trustee discretion is given for the best of purposes. But, given in a variety of circumstances and expressed in a variety of ways, discretion has as many shades of meaning as there are shades of grey, with consequences to boot.
Income Conundrum
In the investment realm, a more restrained understanding of “income” is needed to realize the goal of reliable, sustainable cash flow that supplements what we and our heirs provide for ourselves.
Defining the Estate: Why Do You Ask? 
The “estate” is central to our professions. We plan estates, we administer estates and we even call ourselves trusts and estates practitioners. But what’s this thing called the estate? How does its definition impact advice to clients and their understanding of their assets and how they pass?
Sonnabend Case Settles
The Robert Rauschenberg American Eagle, embedded in his composite work entitled “Canyon,” from 1959, has landed at the Museum of Modern Art (MOMA), tax free.
IRS Issues Draft Form 706
On Aug. 16, the Internal Revenue Service released a draft version of a revised Form 706 (the 706), “United States Estate (and Generation Skipping Transfer Tax) Return.” It didn’t release instructions. The revisions implement two major changes in the law.
The Value of Unsalable Art
What is the value of a 1959 Robert Rauschenberg piece of art that cannot legally be sold, thanks to U.S. regulations? Zero, right? Not according to the IRS, which wants to impose a $29 million estate tax on the property.
Playing Ball with Survivor Benefits
Joseph C. Mahon, partner at Frankfurt Kurnit Klein & Selz, P.C. in New York, discusses the complications that have arisen in the estate of major league pitcher Jose Lima, who died of a heart attack at age 37 in 2010
The TEA Factor 
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (TRA 2010) has been described as an estate planning with its 35 percent
Tax on a Phantom Tax 
A recent decision out of New Jersey Estate of Stevenson v. Director, Division of Taxation1 illustrates a novel issue arising under the decoupled estate
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