Martin M. Shenkman

M. Shenkman

Martin M. Shenkman, CPA, MBA, PFS, JD, is an attorney in private practice in Fort Lee, New Jersey and New York City. His practice concentrates on estate and tax planning and estate administration. 
A widely quoted expert on tax matters, Mr. Shenkman is a regular source for numerous financial and business publications, including The Wall Street Journal, Fortune, Money, The New York Times, and others. He has appeared as a tax expert on numerous public and cable television shows including The Today Show, CNN, NBC Evening News, CNBC, MSNBC, CNN-FN, and others. He is a frequent guest on radio talk shows throughout the country and has a regular weekly radio show on Money Matters Financial Network.

Mr. Shenkman is a prolific author, having published thirty-eight books and more than seven hundred articles.

Mr. Shenkman is an active member of the New York, New York City, New Jersey, Bergen County, and the Washington, D.C. Bar Associations, as well as various accounting and financial planning organizations. He has served as Vice Chair of the ABA RPTE fiduciary income tax and diversity committees and co-chair if the Emotional and Psychological Aspects of Estate Planning Committee. He has lectured for the ABA, NYSSCPA, NJSSCPA, NJ ICLE, PLI, NYU and many other professional organizations.

Mr. Shenkman is active in numerous charitable organizations, sitting on many boards and planned giving committees and lectures regularly for these and other organizations. Mr. Shenkman's charitable endeavors have been profiled in Forbes, July 13, 2009 and the New York State Bar Association State Bar News in December 2009. 

Mr. Shenkman received his Bachelor of Science degree from Wharton School, with a concentration in accounting and economics. He received a Masters degree in Business Administration from the University of Michigan, with a concentration in tax and finance. He received his law degree from Fordham University School of Law, and is admitted to the bar in New York, New Jersey and Washington, D.C. He is a Certified Public Accountant in New Jersey, Michigan and New York. He is a registered Investment Adviser in New York and New Jersey.

Catholic Considerations and Estate Planning
For many clients, their Catholic religious issues are important, especially when facing a crisis, such as a terminal illness or the impending loss of a loved one.
Consistency in Reporting Tax Basis for Income and Estate Tax
The process of determining the value of estate assets, and filing the required estate tax return, might all be complicated by recent law changes made by the Surface Transportation and Veterans Health Care Choice Improvement Act.
Getting to Delaware
While being in Delaware is great, getting there might take more than the trustee clicking his heels together three times and reciting “I want to be administered in Delaware.”
Trust Friendly States
The use of trust friendly jurisdictions has become commonplace, and for some practitioners, the default choice in structuring a trust.
A Symphony of Collaboration is the Key 1
The model for a client planning team should be a symphony, with each advisor playing in harmony with the others, making beautiful planning music.
Gifts under Powers of Attorney
It’s common to include in a durable power of attorney (POA) the right for an agent (the person named to act on behalf of the principal who creates/grants the power) to make gifts.
Safe Powers of Attorney
A well-crafted power of attorney might reduce the risk of an agent or third party using it to steal funds from the principal, but the document alone isn’t enough to really accomplish this goal.
Dissolving an FLP/LLC: Part II
Once you’ve evaluated the relevant pros and cons of continuing the FLP, it’s now time to consider the options available.
Dissolving an FLP/LLC: Part I
Many clients who created these entities hoping to obtain discounts have forgotten the many other benefits these entities can afford them and their families and, as such, are pushing practitioners to dissolve these entities, or worse, terminate them on their own with no professional help.
Unitrusts To the Rescue
Martin M. Shenkman considers circumstances in which use of this financial vehicle is beneficial for the client
Powers of Attorney for Our Aging Client Base 
Martin M. Shenkman and Jonathan G. Blattmachr provide guidance on creating an effective POA
Advising Clients with Solo Professional Practices
Solo practitioners face unique risks, issues and restrictions and so need to take extra precautions to protect their clients/patients, loved ones and themselves in the event of illness, disability or death.
Follow up with Clients Regarding Self-Settled DAPTs
A key takeaway for practitioners is that proactive steps we can help clients take now might strengthen their self-settled trusts and other asset protection planning.
Ensure Grantor Understands Trust Roles
Here’s a sample letter you can adapt and send to your clients, which explains the responsibilities of different parties in administering a trust.
Boomers and Beatles 
Martin M. Shenkman discusses the changing nature of the estate-planning profession
Industry Newsletters
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