Robert L. Schneps

Robert L. Schneps is co-Chair of the firm’s trusts and estates practice in addition to his business practice. A significant number of estate and trust clients are referred to him by other professionals—accountants, attorneys, and insurance experts—who have come to respect his technical expertise, knowledge of complicated estate and income tax laws, and personal interaction with clients in need of sensitive succession planning advice.  Mr. Schneps understands that most people are unfamiliar with the maze of tax issues associated with planning their estates. He is particularly skilled at conveying complex concepts in easily understood ways so that clients can be active participants in arranging their own plans with a guiding hand.

In his 24 years of practice, Mr. Schneps has drafted hundreds of wills and trusts and has represented an equally significant number of estates and their fiduciaries.  Estate plans crafted by Mr. Schneps range from simple spouse-to-spouse dispositions to highly complex wealth transfer strategies, including business succession arrangements and asset protection plans.

In estate administration—his field of specialization—Mr. Schneps is involved in all legal and financial aspects from probate proceedings through final accountings of executors and trustees. With his considerable professional background in taxation, he frequently prepares, or significantly assists other professionals in the preparation of, various tax returns required in many estate administrations.

Mr. Schneps follows three guidelines in his approach to working with estate planning clients.

  • First, client education is paramount. Clients are best served when they have a full understanding of what recommendations are being made in their estate plan and why.
  • Second, a complete appreciation for the client’s personal needs and individual family dynamics is crucial to achieving peace of mind in planning for the future.
  • Third, collaboration with other client advisors (accountants, financial planners, insurance professionals) is a key element in developing a complete strategy for passing on hard-earned wealth with maximization of tax savings.

Areas of Practice:

  • Asset Protection Planning
  • Business Succession Planning
  • Estate Administration
  • Estate Planning
  • Taxation of Estates and Trusts
  • Surrogate’s Court Litigation

Education:

  • New York University School of Law (LL.M in Taxation), 1988
  • Hofstra University, (J.D.), 1982
  • Hofstra University (B.B.A.), 1979

Admissions:

  • New York Bar
  • United States Tax Court
  • United States District Court, Eastern District of New York

Awards and Recognitions:

  • Member, Beta Alpha Psi
  • Member, Beta Gamma Sigma
  • Member, Hofstra University Law Review, 1981-82

Professional Activities:

  • Nassau County Bar Association
  • New York State Bar Association

Publications

  • Co-Author with Michael A. Levy, “Estate Planning for the General Practitioner,” The Attorney of Nassau County, January 1994.
  • “Q-Tipping and Second Family Estate Planning,” The Attorney of Nassau County, October 1993
  • “Enforcing Internal Revenue Service Summonses Under the Taxpayer Compliance Measurement Program: The Need for Statutory Reform,” 10 Hofstra Law Review 861, 1982

Email Robert L. Schneps