The Board of Advisors of the Westchester Community Foundation applauds board member Michael Markhoff, a resident of Bedford, on being named 2016 Trusts & Estates lawyer of the year for White Plains, NY by Best Lawyers. Markhoff is a partner in the law firm of Danziger & Markhoff LLP in White Plains. Only one lawyer in each practice area in each community receives this honored designation.
Markhoff concentrates on estate planning and estate administration, representing professionals, executives and small businesses owners.
He works with clients on minimizing (and often eliminating) estate and gift taxes through the coordination of pension benefits, business assets and other assets in the estate plan while preserving the client's assets for future generations.
He analyzes liquidity needs for the payment of estate tax, including the use of life insurance products, family limited partnerships, qualified personal residence trusts and generation-skipping trusts. Markhoff also advises individuals with regards to charitable giving including the formation of not-for-profit corporations.
He has also worked on numerous estates and estate plans involving clients who have non-citizen spouses. Markhoff works closely with accountants, financial advisors and insurance underwriters using a "team approach" to identify the clients' goals and provide creative and appropriate solutions.