Jay D. Waxenberg - Proskauer Rose LLP

Jay D. Waxenberg

Listed in Best Lawyers since 2005

Jay Waxenberg has been with the Personal Planning Department of Proskauer Rose LLP since 1984 and is now Chair of the Department. A former member of the firm’s Executive Committee, he focuses his practice on estate and tax planning and estate and trust administration. Jay primarily represents individuals and their estates. He represents many families with significant multigenerational wealth, and has assisted them in the structuring of their estate plans so as to minimize gift, estate and generation-skipping taxes in the transmission of their wealth through several generations. 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 business ventures, restructure existing ventures with an emphasis on shifting appreciation potential to younger generations, and has guided the sale and liquidation of businesses. He also has structured plans to enable client’s businesses to remain intact at their death, and to insure the desired continuity of ownership and control. In addition to the tax consequences of estate planning, Jay focuses on the potentially sensitive family dynamics involved in representing individuals. He has the ability to explain complex tax matters in an understandable manner so that clients can make informed decisions about their assets.  Jay has extensive experience in the area of life insurance planning. He frequently counsels individual clients and corporations concerning insurance policies and split-dollar arrangements. As a member of the Fiduciary Litigation Group, 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. Before joining Proskauer, 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 regularly publishes articles on estate planning matters of interest. Jay regularly speaks to professionals on estate planning. He has lectured on will drafting and estate tax audits for the New York State Bar Association, 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 also has lectured on trust contests for the Archdiocese of New York and various estate planning topics for United States Trust Company, Bank of New York, HSBC Private Bank and Tiger 21.

State University of New York, Stony BrookBA 1978Boston University School of LawJ.D. 1981New York University School of LawLL.M 1987
American College of Trust & Estate CounselTrusts & Estate Group, UJA-Federation of NYCommittee on Estate Planning, Trusts and Estates Section, New York State Bar Association Fiduciary Trust International Advisory BoardNew York Public Library Planned Giving Advisory CommitteeAmerican Law Institute-American Bar Association Estate Planning Advisory PanelMuseum of Modern Art Planned Giving Advisory CommitteeCommittee on Estate and Gift Taxation (Member, 1989-1992, 1993-1995) (Chair, 1995-1998), Committee on Trusts, Estates and Surrogate's Courts (Member, 1987-1989, 2001-2004), Counsel on Taxation (Member, 1995-1998), Association of the Bar of NYCMemorial Sloan-Kettering Cancer Center Trust and Estate Advisory CommitteeNew York-Presbyterian Hospital Planned Giving Advisory Council

Office Location

Eleven Times Square
New York, NY 10036-8299
United States

Practice Areas

Litigation - Trusts and Estates
Trusts and Estates (Estate Planning, Fiduciary Duties, Gift Planning, Insurance Planning, Litigation, Planning for Closely Held Businesses, Probate, Tax, Trust Administration)

Other Information

Gender: Male