Mark H. Chazin, Attorney

PRIMARY AREAS OF PRACTICE

Mr. Chazin's primary practice areas involve estate and tax planning, estate and trust administration, elder law and Medicaid planning, health care practices, and business sales, purchases, formations and contracts.

REPRESENTATIVE EXPERIENCE

Estate and Tax Planning. Mr. Chazin has represented many families and individuals in planning and implementing estate plans designated to minimize the impact of the Federal and State Estate and Gift Taxes. These plans include the drafting of complex Wills with trust provisions, including Credit Shelter Trusts, QTIP Trusts (primarily for second marriages), QDOT Trusts (for non-US citizens), Special Needs Trusts (to preserve eligibility for governmental benefits), and Generation-Skipping Transfer Trusts (to save estate taxes by the next generation). These also include separate trusts like Living Trusts (for minors or those with special needs), QPRTs (qualified personal residence trusts), Grantor Retained Trusts (GRATs and GRITs), Charitable Remainder and Lead Trusts, and Irrevocable Life Insurance Trusts (ILITs for individual life insurance coverage as well as "second-to-die/survivorship" coverage). He advises about and prepares the necessary documents for Family Limited Partnerships in order to take advantage of the planning and valuation benefits afforded by those entities. He has much experience in the preparation of General and Limited Powers of Attorney, Living Wills, and Health Care Powers of Attorney (proxies).

Estate and Trust Administration. Mr. Chazin has represented many executors, administrators, and trustees in the probate of their estates and in the administration of their estates and trusts. This includes transferring the assets and preparation of Federal Estate Tax Returns and New Jersey Inheritance Tax Returns, accountings for the beneficiaries and the Court, and Refunding Bonds and Releases for the beneficiaries. He has much experience in post mortem estate planning through the use of Disclaimers and the favorable allocation of expenses and deductions between estate and income tax beneficiaries.

Elder Law and Medicaid Planning. Mr. Chazin has represented many individuals and families in the appropriate actions for the personal and financial well-being of the elderly and their families. This includes the planning and executing of plans for Medicaid eligibility, as well as the establishment of Special Needs Trusts for beneficiaries so as not to jeopardize their eligibility for governmental benefits. Related to the needs of the elderly are also Powers of Attorney, Health Care Proxies, and Guardianships.

Health Care Practices. Mr. Chazin represents many physician and dental practices and is very familiar with their particular legal and financial circumstances. He has represented clients in both the purchase and sale of their practices, as well as in advising about and preparing ongoing practice documents such as Employment Agreements, Shareholder Agreements, Deferred Compensation Agreements, Leases, Contracts, Bylaws, and Minutes.

Business Organizations and Contracts. Mr. Chazin has extensive experience in the formation, merger, acquisition, disposition, and dissolution of all types of businesses. He is familiar with the legal and tax consideration in choosing the appropriate form of business entity, be it a C or S corporation, general or limited partnership, limited liability company, or sole proprietorship. He has represented numerous purchasers and sellers of businesses, including tax-free mergers and reorganizations with publicly traded companies. His work includes servicing of business entities with their bylaws and minutes; business succession planning in a most tax advantageous way; business contracts and leases; buy-sell agreements; employment agreements; and non-compete and non-disclosure agreements.

EDUCATIONAL AND PROFESSIONAL BACKGROUND

Mark H. Chazin graduated from the Wharton School of Finance at the University of Pennsylvania with an accounting major in 1964. He received his law degree from the University of Pennsylvania Law School in 1967, and a Masters of Law in Taxation from New York University in 1974. He is admitted to practice in New Jersey, Pennsylvania, New York, and before the United States Tax Court. He was the judicial clerk for Judge Herbert Horn of the Superior Court, Chancery Division, in Atlantic City in 1967-68, and then served for two years on active duty in the U.S. Army, resigning in 1970 with the rank of captain. Mr. Chazin lectures extensively on estate planning, elder law, and business planning. He joined the Firm as a partner in 1986. He was named to the New Jersey Super Lawyers® list in 2009 and 2010 in the estate planning and probate practice areas. For over 20 years has been on AV Preeminent rated attorney by Martindale Hubble, which is the highest possible rating in both legal ability and ethical students.

PROFESSIONAL AND COMMUNITY ORGANIZATIONS

Mr. Chazin has been and is active in many professional and charitable organizations. He has been the Chairman of the Somerset County Chamber of Commerce and was the legal counsel to the Chamber for a number of years. He was also an active member of many of the Chamber's committees, including the Executive Committee, Nominating Committee, Finance Committee, Facility Committee, Outstanding Citizen Committee, and Business Recognition Committee. He was an officer of the Somerset County Business Partnership and was active on the Partnership's Executive, Personnel, and Finance Committees. He is currently on the Board of the Somerset County Business Partnership and a member of its Finance Committee. Mr. Chazin was the President of the Jewish Federation of Somerset, Hunterdon and Warren Counties in 2004-2007, and is currently on it's Board and Executive Board. He is the past Chairman of the Middlesex County Bar Association Probate and Trust Committee and of the Somerset County Chamber of Commerce's Tax and Banking Committee. He is on the Board of Trustees of the Greater Middlesex and Somerset Counties Estate Planning Council and he is a member of the North Hunterdon Rotary Club. He is a member of the New Jersey State (Taxation, Probate and Trust, and Elder Law Committees), and Hunterdon County Bar Associations.

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