SERVICES

INDUSTRIES

ADMISSIONS

  • Florida
  • New Jersey
  • New York
  • Pennsylvania
  • U.S. Tax Court

MEMBERSHIPS

  • American College of Trust and Estate Counsel
  • Auerbach Central Agency for Jewish Education
  • Florida Bar Association
  • Golden Slipper Charities
  • Jewish Federation of Greater Philadelphia
  • Pennsylvania Bar Association
  • Philadelphia Bar Association
  • Philadelphia Estate Planning Council

EDUCATION

  • Temple University Beasley School of Law, LLM Tax
  • Villanova University School of Law, JD, magna cum laude
  • University of Pennsylvania, BS, magna cum laude
Chane@BlankRome.com
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Lawrence S. Chane

Partner

Philadelphia, PA v. +1.215.569.5721 f. +1.215.832.5721

CHAIR, TAX, BENEFITS, AND PRIVATE CLIENT PRACTICE GROUP

Lawrence Chane concentrates his practice in the areas of estate and tax planning, primarily for owners of closely held businesses, executives, and professionals. In this capacity, he advises his clients on the federal, state, and local tax issues that affect them and their businesses and the transfer of wealth from one generation to another. He provides advice and counsel on sophisticated estate and income tax planning techniques involving:

  • life insurance
  • generation skipping
  • succession planning
  • planned charitable giving

Mr. Chane is a fellow of The American College of Trust and Estate Counsel. He has served as adjunct professor at Villanova University School of Law in the Graduate Tax Program, teaching a course titled “Tools and Techniques of Estate Planning,” and is a past president of the Philadelphia Estate Planning Council.

Mr. Chane has appeared on CNBC and has been quoted in publications including TIME and Kiplinger’s Personal Finance on tax and estate planning issues.

Gift and Estate Planning Techniques:

Installment Sales to Intentionally Defective Grantor Trusts

Grantor Retained Annuity Trusts


REPRESENTATIVE MATTERS

  • Represented an individual business owner in planning and creation of a series of grantor-retained annuity trusts prior to sale of significant family-owned business.
  • Planned and created generation-skipping dynasty trust prior to initial public offering of closely held company for an individual business owner.
  • Planned and implemented a family limited partnership funded with investment assets for an individual client.
  • Planned and implemented a sale of assets to an intentionally defective grantor trust for an individual client.
  • Created and funded a private foundation and charitable lead trust for a charitably inclined client, resulting in income and estate tax savings.
  • Implemented a plan to shift ownership to children including buy-sell, employment, deferred compensation and stock bonus agreements for an individual business owner.

COMMUNITY SERVICE & AFFILIATIONS

Mr. Chane is actively involved in several community organizations. He has served as vice president of the Auerbach Central Agency for Jewish Education, secretary of the Jewish Federation of Greater Philadelphia, Endowments Corporation and chair of the Jewish Federation’s Estate Planners’ Advisory Committee in Philadelphia.


RECOGNITIONS

  • AV Preeminent®, listed in Martindale-Hubbell®
  • 2012–2018, Trusts and Estates in Philadelphia, listed in The Best Lawyers in America©
  • 2007–2017, “Pennsylvania Super Lawyer” in Estate Planning & Probate, listed in Super Lawyers
  • 2016, Edward N. Polisher Award, presented by the Jewish Federation of Greater Philadelphia


A description of the standard or methodology on which the accolades are based can be found here.


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