Gary Botwinick | Source | Co-Managing Partner of the Firm/Chair of the Firm's Trust and Estates/Taxatio...
Gary Botwinick
Gary Botwinick is the co-managing partner of Einhorn Barbarito in New Jersey and co-chair of its Wills, Trusts & Estates and Taxation practice groups. He's been practicing in this area for 20+ years and regularly provides sophisticated tax counsel to businesses and high net-worth executives and individuals on subjects including unique family challenges, business succession, wealth transfer, premarital planning and changes in the law, including the ever-changing tax landscape.
As part of his estate planning practice, Gary often collaborates with the firm's Family/Matrimonial Department on executive divorce matters, which present complex business, tax, employment and financial issues as well as issues of public disclosure, privacy, SEC, and insider information.
Gary, who began his career as a tax court litigator for the IRS, is a fellow of the American College of Trust and Estate Counsel.
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Einhorn Barbarito (https://www.einhornlawyers.com)
Co-Chair of the Will, Trusts & Estates and Tax practices -
Einhorn, Barbarito, Frost, Botwinick, Nunn & Musmanno PC (http://www.einhornlawyers.com)
Co-Managing Partner of the Firm/Chair of the Firm's Trust and Estates/Taxation P
started Jul 1998 -
Riker Danzig (http://riker.com/)
Associate
Jan 1996 – Jun 1998
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Gary R. Botwinick Quoted In Forbes Article, "Organizing Digital Assets - A Life And Death Matter - Einhorn Barbarito
As published in Forbes, July 14, 2020 By Cheryl Winokur Munk Managing digital assets in life – and protecting them after you’re gone – is increasingly complex, and a growing number of providers offers a solution. You should also be comfortable with the provider’s security features and the steps the …
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HBO’s ‘Succession’ Provides Succession Planning Insights And Lessons For Business Leaders
The TV drama about the dysfunctional Roy family and the Waystar Royco conglomerate they own provides insights and lessons for millions of business owners—including many Fortune 500 companies that are family-owned or controlled.
Article
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Maximize Inheritance: Smart Gifting Strategies for Your Children
Gary suggests savings accounts, 529 College Savings Plans, Custodial Accounts (UGMA/UTMA), trusts, Roth IRAs for kids, and direct payments for expenses. "Each option has unique benefits and tax implications." Careful planning and professional consultation can ensure your gifts provide immediate support and long-term financial stability.
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Succession reflects the dangers of not putting together a well thought-out plan for managing a successful business as it passes from one generation to another. The angling for influence by the second generation not only negatively affects the success of the business, but it also negatively affects the relationships of the family members among each other.
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Also, before engaging one of these services, people should contact their estate-planning attorney. This is to ensure that the provisions they are putting in place with the service are consistent with any provisions in the estate plan, whether it’s set forth in a will or a trust instrument.
