Trusts & Estates (E2112474)

With over 20 years of industry experience, Rich Austin is the Executive Director of Integrated’s Business Alliance and Family Office, serving as a national resource to Integrated advisors and their clients. Rich consults with high-net-worth clients and business owners on estate planning, charitable planning, business succession planning and tax planning strategies.

Rich’s areas of specialization include:

• Advising high-net-worth clients with an average net worth over $20 million dollars, on investment, estate, charitable and business planning design alternatives. Clients include fortune 500 executives and owners of successful closely held businesses.
• Researching tax reduction strategies for clients and working closely with their advisors on design and implementation. Strategies include: freeze transactions utilizing valuation discounts and grantor trusts, equity collars for concentrated positions, stock option planning, split dollar analysis and the tax implications of charitable gifting.
• Reviewing and analyzing client’s estate planning, business succession and employee benefit documentation and providing observations based on their financial goals.

• JD, cum laude Pace University School of Law
• LLM in Taxation New York University School of Law
• Certified Investment Management Analyst (CIMA®)The Wharton School, University of Pennsylvania
• Certified Business Exit Consultant (CBEC)

Parag is a tax attorney with the Patel Law Offices in Iselin. His practice concentration is in tax, business transactions and estate planning. He is a board certified estate planning law specialist, a board certified elder law attorney, and a frequent speaker on legal issues affecting tax, offshore tax planning and estate planning. Parag was named a New Jersey Super Lawyer by New Jersey Magazine for tax and estate planning. He has also received an AV rating from the Martindale-Hubbell Peer Review Rating System, which is the highest professional rating possible among lawyers. He is the 2011/12 chairman of the Tax Law Committee of American Bar Association’s GP Solo and Small Firm Division. Parag also serves as a part-time municipal court judge for Edison Township. He is a member of the New Jersey State, New York State, Middlesex County and American Bar Associations.