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Well, when I was very young and an academic, I joined the Tax Faculty at NYU. And I was asked to teach not only tax, but the basic Trust and Estates class, is taught usually to first-year students. And I became very interested in the combination of trust planning and will planning and tax, particularly estate and gift tax and the taxation of trust ad estates. It was kind of an intersection of an interesting tax system and interesting personal kind of considerations. And so when I came to practice many years later, I decided that that’s the area I wanted to focus on.
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New York tax and estate planning attorney Carlyn McCaffrey of McDermott Will & Emery discusses how she became an elite legal advisor to wealthy families.