Martin M. Shenkman

Martin
M. Shenkman
11 38

Martin M. Shenkman, CPA, MBA, PFS, AEP (distinguished), JD, is an attorney in private practice in Fort Lee, New Jersey and New York City. His practice concentrates on estate and tax planning, planning for closely held businesses, 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 42 books and more than 1,000 articles.

Mr. Shenkman is an editorial board member of CCH (Wolter’s Kluwer) Co-Chair of Professional Advisory Board, CPA Journal, and the Matrimonial Strategist. He has previously served on the editorial board of many other tax, estate and real estate publications.

Mr. Shenkman has received numerous awards, including: The 1994 Probate and Property Excellence in Writing Award; The Alfred C. Clapp Award presented in 2007 by the New Jersey Bar Association and the Institute for Continuing Legal Education for excellence in continuing legal education; Worth Magazine’s Top 100 Attorneys (2008); CPA Magazine Top 50 IRS Tax Practitioners (April/May 2008); The “Editors Choice Award” in 2008 from Practical Estate Planning Magazine for his article “Estate Planning for Clients with Parkinson’s;”  The 2008 “The Best Articles Published by the ABA” award for his article “Integrating Religious Considerations into Estate and Real Estate Planning;” New Jersey Super Lawyers, (2010-16); 2012 recipient of the AICPA Sidney Kess Award for Excellence in Continuing Education for CPAs; 2013 Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels; Financial Planning Magazine 2012 Pro-Bono Financial Planner of the Year for efforts on behalf of those living with chronic illness and disability;

Mr. Shenkman's book, Estate Planning for People with a Chronic Condition or Disability, was nominated for the 2009 Foreword Magazine Book of the Year Award. He was named the lead of Investment Adviser Magazine's “all-star lineup of tax experts” on its April 2013 cover. On June 2015, he delivered the Hess Memorial Lecture for the New York City Bar Association.

Mr. Shenkman is active in many charitable and community causes and organizations. He founded ChronicIllnessPlanning.org which educates professional advisers on planning for clients with chronic illness and disability and which has been the subject of more than a score of articles. He has written books for the Michael J. Fox Foundation for Parkinson’s Research, the National Multiple Sclerosis Society and the COPD Foundation. He has also presented more than 60 lectures around the country on this topic for professional organizations, charities and others. More than 50 of the articles he has published have addressed planning for those facing the challenges of chronic illness and disability. Additionally, he is a member of the American Brain Foundation Board, Strategic Planning Committee, and Investment Committee.

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.

Articles
kneeling prayer church
Religion and Estate Planning
Showing sensitivity to a client’s religious concerns should be an integral component of estate planning.
Proposed 2704 Regulations: “Commercially Reasonable Restriction Exclusion”
The proposed regulations throw taxpayers a rather small bone, in terms of permitting at least one type of restriction on value to be respected.
Using GRATs Prior to the Effective Date of the 2704 Proposed Regulations
For situations in which discounts could be critical to clients, practitioners should consider variations of a grantor retained annuity trust.
Seven Psychological Issues for Clients Making Bequests
Help clients work through emotional reactions when they’re considering who, when, why and how much to leave to intended heirs.
Hillary Clinton Donald Trump
Pre-Election Estate Tax Proposals: Clinton vs. Trump
Practitioners should put all clients involved in active planning on notice of Clinton and Trump’s proposals because they’re so dramatically different.
Psychological Issues of Bequests 
Stanley H. Teitelbaum and Martin M. Shenkman discuss some prominent themes that generate emotional angst for benefactors when they’re navigating such questions as who, when, why and how much to leave to intended heirs.
Planning for an Individual With Asperger Syndrome 
Martin M. Shenkman, Neil D. Blicher, Anthony R. Bartlett and Dania Jekel discuss issues to look out for, options to consider and safety nets to put in place to help your client with AS, or his child with AS, obtain a strong financial and estate-planning outcome.
Advising Clients With Pulmonary Hypertension
If your client is diagnosed with PH, although it will be difficult, it’s imperative that they take quick action to address a wide range of financial, legal and estate planning matters.
Safeguard Trusts from Future Ex-Spouse of Beneficiary
A recent Massachusetts case, Pfannenstiehl v. Pfannenstiehl, potentially undermines the use of trusts to safeguard assets from attack in divorce in Massachusetts.
Swap Powers 
Martin M. Shenkman and Bruce D. Steiner highlight the ways the technique can produce substantial value to a client
Catholic Considerations and Estate Planning 1
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.
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