(973) 228-6777
KEVIN MURPHY provides advice to a wide range of individuals and their businesses to minimize taxes. He has more than thirty-five years of experience in tax planning, fiduciary counseling, estate and trust administration, fiduciary litigation, planning for family held businesses, the selection and formation of business entities, elder law, guardianships, employee benefits, executive compensation, the representation of family foundations and other nonprofit organizations.
His estate planning practice emphasizes integrated income, estate, gift and charitable tax planning. His vast experience with executive compensation has allowed Kevin to become knowledgeable regarding the tax consequences of nonqualified executive compensation arrangements and distributions from tax-qualified arrangements.
He has been listed from 2012 through 2021 as a New Jersey Super Lawyer by Thomson Reuters which is published in New Jersey Monthly Magazine. He has also been awarded a rating of AV Preeminent, the highest possible rating, by the peer review rating process of Martindale-Hubbell.
Kevin values the long-standing and close relationships he has developed with his clients. He knows how to achieve his clients objectives in a cost-efficient and effective manner.
Publications:
- The IRS Gets Its Swagger on When It Comes to IRA Beneficiary Trusts, New Jersey Law Journal, August 16, 2010.
- Buy-Sell Agreements Should Be Reviewed in the FindLaw KnowledgeBase highlighting the implications of the Estate of Cohen v. Booth Computers decision.
Areas of Practice
- Elder Law
- Charitable Planning
- Estate Planning
- Probate
- Taxation Law
- Trusts
- Wills
Bar Admissions
- New Jersey, 1983
- U.S. Tax Court, 1996
Education
- Seton Hall University School of Law, Newark, New Jersey
- J.D. - 1982
- University of Notre Dame, South Bend, Indiana
- B.B.A., Accounting - 1977
Classes/Seminars
- "Using Irrevocable Life Insurance Trusts" and "Charitable Trusts: Setting Aside Assets and Tax Planning", National Business Institute, 2018
- "Complex Issues in Estate Administration" and "Handling Estate Administration Tax Issues", National Business Institute, 2018
- "Annual Exclusion Gifts" and "Qualified Personal Residence Trusts", National Business Institute, 2018
- "Where To Begin?--An Overview Of Trusts" and "Ethical Considerations", National Business Institute, 2017
- "Fully Utilizing Tax Advantages" and "Estate Planning and LLCs", National Business Institute, 2017
- “Estate Planning: How a Trump Presidency Will Affect Family Businesses”, Rothman Institute of Innovation and Entrepreneurship – Family Business Forum, 2017
- “Documenting Long Term Care, Incapacity and End of Life Decisions”, National Business Institute, 2016
- “Advanced Tax Exempt Organizations Strategies”, National Business Institute, 2016
- "Using LLCs for Estate Planning", National Business Institute, 2014
- "Series LLCs", National Business Institute 2014
- "Advanced LLC Strategies", National Business Institute, 2014
- "Top 10 Tax Mistakes to Avoid in Life Insurance Planning", Lum Institute, 2013
- "Understanding the Tax Advantages of an LLC", National Business Institute, 2013
- "Employee Incentives and Equity Option Programs for an LLC", National Business Institute 2013
- "Tax Saving Strategies During
Acquisitions ", National Business Institute, 2012 - "Structuring and Drafting the Acquisition Agreement", National Business Institute, 2012
- "Key Procedures in Mergers and Acquisitions of Privately Held Companies", National Business Institute, 2012
- "Forming Limited Liability Companies", National Business Institute, 2012
- "Sunset of the Bush Administration Tax Program and 2011 Implications", Archdiocese of Newark CPE, 2010
- "Tax Aspects of the Small Business Jobs Act of 2010", The O. Berk Company Family Business Forum, 2010
- "Demystifying the Probate Process in Morris County", Fairleigh Dickinson University, 2010
- "2010: A Bizarre Year for the Estate Tax Will Require Extra Planning", Fairleigh Dickinson University, 2010
- "Guardianships and Conservatorships from A to Z", National Business Institute, 2008
Professional Associations and Memberships
- American Bar Association Section of Employee Benefits, Member
- American Bar Association Section of Real Property, Trust and Estates Law, Member
- American Bar Association Section of Taxation, Member
- New Jersey State Bar Association Section of Real Property,
Probate and Trust, Member - New Jersey State Bar Association Section of Employee Benefits, Member
- New Jersey State Bar Association Section of Taxation, Member
Past Employment Positions
- Carpenter, Bennett & Morrissey, Associate, 1989 - 1997
- Hannoch Weisman, Associate, 1985 - 1989
- Ernst & Whinney, 1982 - 1985
