| Biography:
Jay Waxenberg has been with the Proskauer Rose LLP Personal Planning Department since 1984 and he is now Chair of the Department. He is a former member of the firm's Executive Committe. The focus of his practice is estate and tax planning and estate and trust administration.
Jay primarily represents individuals and their estates. He is involved in the full range of his clients' economic and personal concerns including closely held businesses, commercial and residential real estate holdings, artistic collections and philanthropy. In particular, Jay has helped his clients structure new ventures; restructure existing ventures with an emphasis on shifting appreciation potential to younger generations; and has guided the sale and liquidation of businesses.
Jay has extensive expertise in the area of life insurance planning. He frequently counsels individual clients and corporations concerning insurance policies and split-dollar arrangements.
Jay has been involved in will contests and other estate- and trust-related litigations. In addition, he has handled family matters such as the preparation of prenuptial and postnuptial agreements. He regularly counsels individuals concerning charitable giving and advises private foundations and public charities on tax issues.
Jay graduated from the State University of New York at Stony Brook in 1978 and from Boston University School of Law in 1981. He received an LL.M. in Taxation from New York University School of Law in 1987.
Jay is a Fellow of the American College of Trust and Estate Counsel and is
listed in The Best Lawyers in America. In 2006, 2007 and 2008 he was selected as one of the leading attorneys in his field by Chambers USA. Most recently, Jay was selected as one of Worth Magazine's Top 100 Attorneys. Jay is a past Chair of the Committee
on Estate and Gift Taxation and a past member of the Committee on Trusts, Estates
and Surrogate's Courts of the Association of the Bar of the City of New York.
He is also a member of the Committee on Estate Planning of the New York State
Bar Association, under whose auspices he co-authored legislation on New York
estate tax apportionment.
Jay serves on the Professional Advisors Circle of Columbia University Health Sciences Division. He is a member of the New York Philharmonic Bankers and Lawyers Advisory Committee and the Professional Advisory Committee of the Museum of Arts and Design. Jay also serves on the Planned Giving Professional Advisory Board of Blythedale Children's Hospital and is Vice Chair of the Trusts and Estates Lawyers Committee of UJA-Federation of New York.
Before joining Proskauer Rose LLP, Jay was with United States Trust Company of New York and was a member of the Editorial Board of Practical Drafting, a quarterly estate planning journal. He is the co-author of a number of articles on split-dollar life insurance and other topics that have appeared in the New York Law Journal. He has also written articles for Estate Planning Magazine, Estate Tax Planning Advisor and J.K. Lasser / Matthew Bender Estate Tax Techniques.
Jay has lectured on will drafting and estate tax audits for the New York State Bar Association; has taught a course entitled "Estate Planning: Beyond the Basics" as part of the continuing legal education program of Fordham University School of Law; and has been a member of the faculty at Practising Law Institute programs entitled "Understanding Estate Administration in New York," "Understanding Estate, Gift and Generation-Skipping Transfer Taxes" and "Basic Estate Planning." He has also lectured on trust contests for the Archdiocese of New York and various estate planning topics for United States Trust Company and Bank of New York.
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