Todd Steinberg concentrates his practice on complex and sophisticated estate plans for high net worth clients. He utilizes, in part, sales to intentionally defective grantor trusts, family limited partnerships, Crummey trusts, GRATs, QPRTs, CRTs and private foundations. Todd implements business succession planning for closely-held business owners and is experienced in the initial formation of new technology companies. Todd designs estate plans for numerous clients with the bulk of their assets held in Incentive Stock Options, Non-Qualified Stock Options and other forms of deferred compensation and retirement plan assets.

CONCENTRATION
• Sophisticated estate planning
• Business succession planning
• Charitable planned giving
• Estate and trust administration
• Probate matters

SIGNIFICANT REPRESENTATIONS
• Assisted in the proposed sale of a $600 million closely-held international publishing company and the funding of a private foundation and several charitable trusts that own stock in the company and its subsidiaries.
• Assisted in numerous valuations of national and international closely-held businesses for purposes of discounted gifting of minority interests in the related company, including (i) a $350 million systems integrator providing advance IT, telecommunications, systems engineering solutions and services to the Federal government; (ii) a $180 million global leader in telecom and information technology; (iii) a $75 million technology company; and (iv) a $35 million commercial printing company.
• Implemented strategies and plans to qualify for the favorable estate tax deferral provisions in a potential $200 million estate that owned primarily closely-held shares of a specialist firm on the floor of the New York Stock Exchange.
• Implemented and funded several charitable remainder trusts, charitable lead trusts (both grantor and nongrantor) and private foundation (including operating and non-operating).
• Researched QSST and ESBT eligibility for several Crummey trusts that owned shares in a closely-held corporation considering converting to a S-corporation.
• Petitioned a local state court to divide a deceased husband's residuary marital trust into separate trusts to file a partial QTIP election to take advantage of the decedent's available estate tax credits and exemptions.
• Reviewed U.S. estate and income taxation of a U.S. beneficiary of assets from a deceased German domiciliary.
• Assisted in the drafting and funding of several irrevocable trusts designed to avoid the application of the Florida intangibles tax to Florida resident clients.
• Assisted in the filing of qualified disclaimers by several beneficiaries of a deceased IRA participant to accomplish an approved spousal rollover of the $1.5 million IRA asset.
• Assisted in the filing of a qualified disclaimer by a Personal Representative of the second spouse to die's estate to take maximum advantage of both deceased spouse's unified credit amounts.
• Obtained federal tax exempt status for a testamentary charitable trust that failed to contain all of the required language in the governing instrument to qualify as a private foundation.
• Participated in the reformation of a $500,000 NIMCRUT to a "flip" CRT.

PROFESSIONAL & COMMUNITY INVOLVEMENT
• Member, American Bar Association, Sections of Taxation and Real Property, Probate and Trust
• Member, Maryland Bar Association, Estates and Trusts Section
• Member, Tax Section and Estates, Trusts and Probate Law Section of the District of Columbia Bar Association
• Member, Montgomery County Bar Association
• Member, Bar Association of the District of Columbia
• Director, National Capital Chapter of the Society of Financial Service Professionals, Washington, D.C.
• Director, President of the Windridge Farms Homeowner's Association, Glenwood, Maryland

ARTICLES, PUBLICATIONS & LECTURES

Articles
• Co-author, "Death of a Partner and §754 Elections: Income Tax Traps," Tax Management Estates, Gifts & Trusts Journal, Vol. 31, No. 01, January 2006
• Co-author, "Ruling on Assignment of Vested Remainder Interest May Have Reached Wrong Conclusion," Tax Management Estates, Gifts & Trusts Journal, Vol. 26, No. 5, September-October 2001
• Co-author, "IRS Issues Final Regulations Relating to Charitable Lead Trusts," Tax Management Estates, Gifts & Trusts Journal, Vol. 26, No. 2, March-April 2001
• Co-author, "New Rules In The Works For 'Split-Dollar' Life Insurance," Boston Business Journal, Vol. 21, No. 7, March 23-29, 2001
• Contributed to several recent articles in the Washington, D.C.'s National Capital Chapter of the International Association of Financial Planner monthly newsletter, including the May 1999 article on the expiring opportunity of reforming NIMCRUT's
• Co-author,"Estate Planning for the High-Tech Executive" presentation for the National IAFP Success Forum 1999, November 1999
• Contributed to several recent articles in the Suburban Maryland Life Underwriters Association's monthly newsletter LifeNotes

Lectures
• Speaker, "Building Your Practice by Working With Closely-Held Business Owners, New York Life - Nautilus Group Passing The Torch, New York, New York, December 2005
• Speaker, "Washington Update - Recent Developments", BISYS Exceptional Producers - Annual Meeting, Washington, D.C., October 2005
• Speaker, Key Advisor Symposium, Boston Group (now McGehee Group), Las Vegas, Nevada, September 2005
• Speaker, "Income Tax Planning and Wealth Preservation Techniques for Sales of Closely-Held Businesses", Greater Washington Society of CPAs, Estate and Gift Tax Committee, December 2002
• Speaker, "W. Elwood Baker Lecture on Understanding the Estate Settlement Process", Society of Financial Service Professionals, Greater Washington, D.C. Chapter, November 2000
• Speaker, Roundtable Discussion on the Use of Trusts, Maryland Association of Certified Public Accountants, Inc., Capital Area Chapter, Bethesda, Maryland, November 2000
• Speaker, "Estate Planning for the High-Tech Executive", Suburban Maryland Life Underwriters Association's Professional Development Seminar, Bethesda, Maryland, February 2000
• Frequently lectures to individuals and organizations on various estate planning topics and has lectured at the Maryland Institute for Continuing Professional Education of Lawyers, Society of Financial Service Professionals, Greater Washington, D.C. Chapter; Suburban Maryland Life Underwriters Association; and the Maryland Association of Certified Public Accountants, Inc., Capital Area Chapter.

INTERNSHIP
• Legal Intern, United States Attorney's Office, Narcotics Division, Washington, D.C., 1993-1994
• Legal Intern, State's Attorney's Office, Montgomery County, MD, 1993

EDUCATION
• J.D., The George Washington University Law School, 1995
• B.A., International Affairs and International Economics, George Washington University, 1992

ADMITTED TO PRACTICE
• Maryland
• District of Columbia