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Thomas F. Kostic

Senior Counsel
San Francisco, (415) 268-7158
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Thomas Kostic has a broad-based international and domestic tax practice with an emphasis on tax and estate planning for high-net-worth individuals and closely held businesses, international tax planning, real estate, and federal tax controversy matters.

Mr. Kostic is an author and frequent speaker on tax matters and is past President of the Tax Club of San Francisco.  He is a former member of the Board of Directors of the Bar Association of San Francisco and of the Executive Committee of the Tax Section of the State Bar of California.  Mr. Kostic was Chairman of the Income Tax Committee of the State Bar. He is a Fellow of the American Bar Foundation and a former Certified Public Accountant.

Estate freeze.
Represent family which owns stock in closely-held company, and which has long history of estate-planning designed to pass stock to younger generations. Recently sold patriarch's remaining stock to trusts established for each grandchild, in exchange for notes. Trusts are grantor trusts, taxed as owned by the grandfather, so transaction should not result in income tax. This is a classic but completely in the details estate freeze, leaving the discounted notes in the grandfather's taxable estate with values substantially lower than that of the transferred stock.
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