Quincy Cotton works with high net worth individuals and principals of closely held businesses to develop succession and estate plans that identify and address the challenging issues necessary to achieve overall family, business and tax goals. She works with families and family enterprises that hold a wide variety of business and investment assets, structuring insurance trusts, dynasty trusts, defective grantor trusts, grantor retained annuity trusts, qualified personal residence trusts and charitable trusts. She has experience regarding the special rules for retirement assets (IRAs and qualified plans) and her understanding of the income tax aspects of partnerships and LLCs enables her to employ sophisticated planning techniques involving the use of family limited partnerships and entity freezes. She has helped clients create private foundations, establish scholarship programs, and structure gifting to achieve income, gift and estate planning goals. She advises private foundations and their founders and participants on operational issues and has structured complicated arrangements among exempt organizations and their non-exempt affiliates. She counsels clients regarding pre-nuptial agreements, life insurance proposals, special planning for generation-skipping transfers, and post-mortem planning, including tax elections and disclaimers. In connection with estate planning and administration, she has advised clients regarding estate tax deferral for estates with significant closely held business interests. She has also counseled non-U.S. individuals present in the United States, as well as U.S. citizens on assignment abroad on income, gift, and estate tax planning related to changes in residence or citizenship.

She received a B.A. magna cum laude from Boston University and her J.D. magna cum laude from the State University of New York at Buffalo.

by Stuart J. Gross, Mark David Rozen, Quincy Cotton
Published: Estate & Gift Tax Planning Newsletter, August, 2016
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