Professional Experience

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.

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.

Education

  • Albany Law School (J.D., 1979)
  • Michigan State University (B.A., Economics, 1976)

Admissions

  • New York State Bar
  • United States District Court, Western District of New York

Honors

Karen is listed in Best Lawyers of America for both Trusts and Estates and Corporate Law, and in Super Lawyers.  She was named one of the “Top Women in Law” by The Daily Record in 2014.

Personal

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.

Published Articles