Joseph P. Scorese is a Member of the Sills Cummis & Gross Tax, Trusts and
Estates Practice Group. Mr. Scorese’s primary area of practice is complex estate
planning and estate and trust administration for high net worth individuals and
families. Mr. Scorese counsels clients in the New York and New Jersey area and
helps them design and realize both appropriate and realistic estate planning
goals. He then implements those goals with customized drafting solutions
utilizing the latest cutting-edge strategies including sophisticated wills,
revocable trusts, irrevocable life insurance trusts (ILITs), charitable
remainder trusts (CRATs and CRUTs) and charitable lead trusts (CLATs and
CLUTs), family limited partnerships and limited liability companies, qualified
personal residence trusts (QPRTs), grantor retained annuity trusts (GRATs) and
intentionally-defective grantor trusts (IDGTs). In the complicated area of
estate and trust administration, Mr. Scorese readily and regularly engages with
fiduciaries and beneficiaries to provide creative tax planning ideas which can
help minimize the bite of taxation from income and capital gains taxes, estate
tax, gift tax and generation-skipping transfer tax, thereby maximizing the
amount of wealth passing to family.
Mr. Scorese has served as an Adjunct
Professor of Law at Rutgers Law School in Newark, New Jersey, and currently
serves as the Program Chair for the New York University Summer Institute in
Taxation’s “Introduction to Trusts & Estates” program, where he lectures on
the generation-skipping transfer. He has also presented various estate planning
continuing legal education programs offered through the American Bar
Association, New Jersey State Bar Association and other legal and non-legal
organizations.