Paul Richard Karan Partner
Mr. Karan chairs the firm’s Wills, Trusts, Estates and Personal Planning Department. He has broad experience in all phases of sophisticated personal and succession planning, estate and trust administration, estate and gift tax matters, including audits and court proceedings, and high profile estate and trust litigation. He works with members of the firm’s corporate, real estate and litigation departments as necessary in order to provide the depth and breadth of experience required for specific matters. Mr. Karan was once again selected for inclusion in the listing of the New York area's Best Lawyers and Super Lawyers for 2010 and 2011.
Mr. Karan is a fellow of the American College of Trust and Estate Counsel and was the Downstate New York Chair for five years. He is also the former chair of the Trusts and Estates Law Section of the New York State Bar Association and remains on its Executive Committee. He has been a member of a number of committees of these organizations as well as those of the American and New York City Bar Associations.
Mr. Karan has written numerous articles for publication in both professional and non-professional periodicals and has lectured extensively on many subjects to a variety of professional and non-professional organizations, including the Internal Revenue Service.
In 2010 Mr. Karan successfully brought a proceeding in the Surrogate's Court to remove a Co-Executor who is also a 50% beneficiary of the Estate and managing agent of the Estate's real estate. Rarely will a court take such action where the removed Co-Executor is functioning.
- Columbia University, J.D., 1960
- Brown University, B.A., 1957
- 1961, New York; 1962, U.S. District Court, Southern District of New York
- 1967, U,S, Supreme Court; 1975, U.S. Tax Court; 1976, U.S. Claims Court.
- Wills; Trusts and Estate Law
- Personal Planning Law
- Estate and Gift Taxation
- Fiduciary Litigation