Business Succession Attorney
Estate and Trust Planning; Business Succession Planning; Tax Structuring and Planning; Trusts and Estate Administration; Elder Care Planning; and Business and Corporate Law
Trust and Estate Planning Services
Karen Schaefer represents clients in developing a comprehensive estate plan, which balances financial and tax implications with family and business objectives and realities. She counsels her clients on all aspects of trusts and estate matters including estate, gift and income tax planning; administering trusts and estates; preparation of wills, trusts (including revocable living trusts and a variety of irrevocable trusts), durable powers of attorney, health care proxies and beneficiary designations; restructuring and coordination of assets. Karen also aids clients in matters regarding prenuptial and postnuptial agreements, estate plan design, elder law issues, family limited partnerships and limited liability companies.
Business Law and Business Succession Planning Matters
Karen counsels business owners in addressing the myriad of legal and tax issues facing the business, including succession planning; tax planning; financial transactions; mergers and acquisitions; general business counseling; the formation and structuring of business entities including C and S corporations, limited liability companies, partnerships, professional corporations and other entities for licensed professionals; developing owner agreements, such as operating, shareholders’ and buy-sell agreements to achieve business and estate planning purposes.
Karen is committed to developing the best personal and business plan for her clients to meet their needs and objectives. She believes the key elements in this process are good communication, a strong knowledge base and a skilled understanding of the business and the needs of the business owner.
- Albany Law School (J.D., 1979)
- Michigan State University (B.A., Economics, 1976)
- New York State Bar
- United States District Court, Western District of New York
Professional and Community Affiliations
Monroe County Bar Association
Monroe County Bar Association Chair of the Trusts and Estates Executive Council
Monroe County Bar Association Chair of the Business Law Council
New York State Bar Association, Trusts and Estates and Business Law sections
Estate Planning Council of Rochester
Greater Rochester Association of Women Attorneys
Member of the Board of Directors of the Education Success Network, Inc.
Member of the Board of Directors of Encompass: Resources for Learning, Inc.
Karen resides in Mendon, New York, with her husband, and has two grown children. She is an avid yoga practitioner and movie buff, and loves to read all sorts of fiction, including the classics and detective novels.
Business Succession Planning as StrategyJune 23, 2017
Spousal Claims Against the BusinessJune 3, 2016
Business Transition in Crisis: Owner AgreementsJune 5, 2015
Business Planning: Permanent UncertaintyMay 17, 2013
Business Succession Planning in 2011 and 2012April 21,2011
Succession Planning for the Closely Held BusinessApril 25, 2008