Tamir Dardashtian, Esq. is a tax principal and licensed attorney in Anchin’s tax department, where he is also a member of the firm’s Private Client Group and Trust & Estates Services Group. Throughout his career, Tamir has handled all aspects of taxation and planning for high net worth families and large trusts and estates. He brings a distinctive outlook and expertise to his clients.
Tamir has been involved with setting up creative estate plans and effective wealth transfer strategies for many of Anchin’s long-standing clients. He works closely with trustees and executors, leading them through intricate tax laws and collaborating with top professionals in the industry. Tamir also specializes in the preparation of complicated estate and gift tax returns, fiduciary income tax returns, and judicial accountings and has rendered expert testimony in Surrogate Court.
Tamir is a frequent speaker on trust and estate topics. He has been a keynote speaker for the Foundation for Accounting Education (FAE) Estate Administration Conference and has authored numerous articles on a variety of subjects. Tamir has published work in the Law Firm Partnership & Benefits Report and Accounting and Financial Planning for Law Firms; he has also been featured in several webinars and quoted in The New York Times.
Tamir is a member of the Estate Planning Council of NYC and is currently serving on the Estate Planning Committee of the New York State Society of Certified Public Accountants (NYSSCPA).
Tamir completed his Bachelor’s Degree in Science – Business Administration with a focus in Accounting & Finance at the Boston University School of Management and completed his Juris Doctor at Brooklyn Law School. He is fluent in Hebrew & conversant in Farsi.
- Family Office Support and Business Management
- Private Client
- Tax Planning and Compliance
- Trusts and Estates
- Proper Funding of Revocable Trust is the Key to Unlocking its BenefitJune 28, 2019
If an estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in the event that the owner becomes incapacitated), probate avoidance and privacy. But these benefits aren’t available if the trust isn’t funded.
- Crossing State Lines to Gain Tax Savings and Other BenefitsMay 31, 2019
People who live in states with high income taxes sometimes relocate to a state with a more favorable tax climate. A similar strategy can be available for trusts. If a trust is subject to high state income taxes, it may be possible to make changes to reduce tax exposure.
- A Total Return Unitrust Can Help Maintain Family Harmony March 20, 2019
A traditional trust can sometimes create a conflict between the lifetime and remainder beneficiaries. For example, investment strategies that provide growth that benefits remainder beneficiaries can leave lifetime beneficiaries with little or no annual payouts. This makes it more difficult for a person’s estate plan to achieve his or her objectives and places the trustee in a difficult position. A total return unitrust (TRU) may offer a solution.
- A SLAT Offers Estate Planning Benefits and Acts as a Financial Backup PlanFebruary 28, 2019
Some of the most effective estate planning strategies involve the use of irrevocable trusts, but it can be uncomfortable for someone to place assets outside of his or her control. What happens if a grantor’s financial fortunes take a turn for the worse after a large portion of wealth has been irrevocably transferred?
- Use the Proper Tools to Fix a Broken TrustOctober 31, 2018
An irrevocable trust has long been a key component of many estate plans. But what if it no longer serves its original purpose? Is it too late to change it? Depending on applicable state law, there may be options to fix a broken trust.
- Beware IRD If Anticipating an InheritanceAugust 29, 2018
Most people are genuinely appreciative of inheritances, yet sometimes a well-intentioned gift can have steep tax consequences. While inherited property is typically tax-free to the recipient, this is not the case with an asset that is considered income in respect of a decedent (IRD). If someone inherits previously untaxed property, such as an IRA or other retirement account, the resulting IRD can produce significant income tax liability.
- Naming a minor as beneficiary of a life insurance policy or retirement plan can lead to unintended outcomesJuly 31, 2018
Challenges often occur in instances when a minor is designated as beneficiary — or contingent beneficiary — of a life insurance policy or retirement plan. While making a young child the beneficiary of such assets may seem like an excellent way to provide for him or her, in the case of a parent’s untimely death, doing so can have significant undesirable consequences.
- Turning Over the Keys to the Family BusinessDecember 29, 2017
Owning a business is one part of the American Dream, and seeing it successfully transferred to the next generation ensures that dream continues. Yet with competing interests among family members in addition to financial considerations, transferring a business to the next generation is often a daunting task. Having frank conversations with family members early on and employing the right experts can make the transfer easier.
- Does Taking Care of My Parents Mean That I've Made a Taxable Gift?October 31, 2017
As baby boomers age, younger generations must contemplate the question of what needs to be done when it comes to taking care of their parents. The answer depends upon where you reside and how payments are made.
- How to Minimize Estate IssuesJune 30, 2017
In recent years, the passing of pop culture icons has brought attention to the issue of estate matters. Michael Jackson’s death in 2009 posed an interesting estate valuation issue.
- Skipping a Generation - Why and HowAugust 31, 2016
Leaving assets to grandchildren might make sense for some estates with multi-generational goals