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DIVORCE AND & FAMILY LAW ATTORNEYS

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Welcome to the Spodek Law Group - a premier, and top rated, divorce law firm.





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" Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them..."

David Bruce

" Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet."

Rowlin Garcia

" Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind."

Francis Anim
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Family Limited Partnerships
An FLP is a limited partnership that is established by the members of a family. It allows you to protect your assets while also giving you access to gift tax savings. The high-net-worth individual also gets to retain control of their assets even after transferring them to the entity. A Family Limited Partnership gives you the opportunity to make gifts to beneficiaries. You may not have to pay gift tax on the transfers since these gifts are made using the gift tax exclusion that is allowed each year. This is dependent on the total amount of gifts and the value of your estate.

Life Insurance Trusts
One of the most common misconceptions is that the proceeds of life insurance are not subject to Federal Estate taxes. This is not the case because your loved ones can lose a significant amount to estate taxes. The proceeds do not have any taxable income. They are still considered to be a part of your taxable estate. You must take your estate taxes into account before committing to life insurance. Your attorney will be able to inform you about this and any other laws that might not be clear.

You can take up an irrevocable life insurance trust in order to avoid this. The policy is held separately from your estate. The proceeds are not taken to be a part of it. You can then put the proceeds to good use by using them to pay any estate taxes and debts that you accrue. You can use the annual gift tax exclusion to make cash gifts to the trust when the trust has been established. This will allow your beneficiaries to choose to receive future proceeds by foregoing the gifts. This helps you to minimize the taxes that you will have to pay in the end.

Qualified Personal Residence Trusts
Your home might be the largest components of all the assets in a taxable estate. They are the most valuable assets in most cases. A Qualified Personal Residence Trust allows you to pass down your home to your loved ones. You reserve the right to reside in it for a specific number of years when you transfer the title to a QPRT. You can pass it to your beneficiaries without paying any additional gift or estate taxes once the period is up.

Succession planning
This is one of the areas where you will require the services of your attorney the most. Succession and trust disputes are likely to arise because of the involvement of many different parties. An attorney will be able to take you through dispute resolution so that you can accommodate the interests of everyone. It is important that you seek out an attorney to do this so that everything is done within the law. This will protect you from unintended consequences in the future that could result in you paying more fees.

Governance
Agreements and contracts are an essential part of any partnership or business. A high net-worth individual with assets within their position needs to ensure that they use the correct wording when drafting these documents. This becomes hard if the assets are located in different countries. You will need an attorney who will be able to navigate through the legal hurdles and make sure that you are compliant. Your attorney can also help you to prepare governance structures, family charters, and shareholder agreements. It is important that these agreements are gotten right the first time. This is because of the legal ramifications that could arise in the future. It could lead to a long series of court cases that could have been avoided.

Asset Protection
The desire of any high-net-worth individual is that they retain control over their assets. This is important today because of the potential risks that one faces. You should sit down with your attorney to establish the effects that it will have to the assets that you own before committing to any agreements. Your attorney will be able to offer legal advice on family law. They will help you to draft a prenuptial and post-nuptial agreement that protects your interests. You can be confident that you will still have some form of control about whether or not your assets will be divided in the case of a divorce.

Your attorney will allow you to make informed decisions about your assets so that you are always prepared. They can work together with your financial planner to assess your situation and come up with a tailored and personalized estate plan that will work for you. This estate plan will save you from a lot of problems in the future. It will also allow you to transfer assets to your loved ones smoothly.

http://www.snyderlawpa.com/davie-broward-fl-high-net-worth-estate-planning-lawyer_pa9597.htm
https://www.burges-salmon.com/expertise/sector-expertise/private-wealth/hnw-and-uhnw-individuals/
https://en.wikipedia.org/wiki/High-net-worth_individual

 


Based on 362 reviews.
Charle Butler
Charle Butler
2021-03-12
Verified
I was hesitant to hire the Spodek Law Group. I read reviews and knew they have a great reputation. However, I thought I would spend money and not see or speak to my attorney. From the beginning to end of my case Todd and the entire staff were available and willing to help. We worked towards and end result that was way above my expectation and Todd delivered. I am forever grateful for patience and long days and night spent working on my case. Thanks Todd and the entire team!
Mesonista parsons
Mesonista parsons
2021-03-05
Verified
My attorney at Spodek was Abigail. She was very knowledgeable and helpful with all my questions and concerns, as well as responsive. Her fees are affordable and Abigail took the time to make sure I understood everything relating to my case. I highly recommend Abigail and will request her services in the future.
debabrata chakraborty
debabrata chakraborty
2021-03-03
Verified
Todd A Spodek is the experienced and best criminal lawyer at USA. He is very professional and always respond on time. Alex also very cooperative and always help me. They took care me and my problem like family member. I am 100% satisfied for their professional service. My result was unexpected and amazing. They dismissed my case. I am really grateful to them. I will recommend you to go there if you want to solve your problem. I wish all the best for them.
Asata Hendricks
Asata Hendricks
2021-03-02
Verified
Truly appreciate the work the guys did!. Exceptional team & I know they care about each and everyone of their clients. I am super thankful to be referred to Spodek Law Group and I am grateful Todd & Alex were able to work diligently to achieve an outcome I am pleased with. Despite COVID they stayed on top of things and kept me informed every step of the way. Very thankful.
Mike Moroff
Mike Moroff
2021-02-26
Verified
I'm very satisfied with the services rendered by Todd, Alex and Mary Lou. I whole heartedly recommend Spodek Law Group . I've worked with and have retained other attorneys in the past with Todd's firm being the cream of the crop for many reasons. A very serious legal matter was resolved after a year's hard work and effort. Todd expertly guided me through the process and was able to navigate and make the good journey bearable as well as successful. Mary Lou initially provided excellent assistance before referring my case to Todd. Alex's support was effective and timely. The customer portal (MyCase) is an invaluable communication tool that also kept track of my case. Various aspects of my case were explained and there were several options provided but I made the final decision of how the case would be handled. The legal fee was reasonable considering the effort and amount of work plus it was a flat fee regardless of the length of time required to conclude my case. Todd made himself available to me and we had many scheduled meetings to go over the progress and to discuss the next steps. I felt more confident after many discussions with him. You will not go wrong choosing Spodek Law Group for legal matters.
Josh Katz
Josh Katz
2021-02-24
Verified
Being that it was the first time that I was in need of an attorney, I was afraid and hesitant and knew I needed the absolute best. It is beyond understood why Spodek Law Group has a reputation of being the top, if not the best law firm in New York. Alex and Abigail were there every step of the way even at the most unconvenient hours. I could not have asked for more. They are extremely good at what they do and they delivered much much more than just winning my case. A big thank you to Alex and Abigail for all the guidance and counseling and their upmost loyal support that extended far more than just legally. If you need the absolute best than don't hesitate to hire Spodek Law Firm.
L.C.
L.C.
2021-02-24
Verified
I cannot tell you how thankful I am to Todd and Alex for their hard work and dedication to my case. I had never been in any trouble before but I had an unfortunate event occur and in the midst of COVID-19 at that therefore I knew I needed a team that was dedicated to my success. Today- my case has been finalized and I’m walking away with no record and can continue life as a mother and a Grad student worry free. I cannot express enough gratitude for their assistance.
AnnMarie Soliman
AnnMarie Soliman
2021-02-23
Verified
I received a summons and called Spodek law group for a free consultation. Alex took my call and was very quick and responsive. He was available anytime through multiple platforms and very reassuring when needed. They are extremely organized and thorough. They got my case dismissed! I’m very grateful. Thank you Alex and Todd!

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Testimonials

Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.

~ David Bruce

Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.

~ Rowlin Garcia

Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.

~ Francis Anim

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