Overview
Richard "Rick" Sanders' practice emphasizes all facets of tax-oriented trust and estate planning and administration. Rick's estate planning practice encompasses the implementation of tax-sensitive wills, irrevocable insurance trusts, grantor retained annuity trusts (GRATs), qualified personal residence trusts (QPRTs), private foundations and charitable trusts. His estate settlement practice routinely involves the administration of multimillion-dollar estates, assuring compliance with applicable tax laws and identification of post-mortem planning opportunities to minimize death taxes.
Rick has broad experience in the areas of contested will and trust matters. He has served as an expert witness in the area of trust interpretation and has drafted reports used in litigated trust and estate matters involving gift and estate taxation and will reformations.
Rick also practices extensively in the areas of business and tax planning for closely held companies, with particular emphasis on succession planning for interests in family-operated entities, intra-family sales, negotiation of shareholder and partnership agreements, formation and implementation of family limited partnerships/limited liability companies, and corporate recapitalizations.
Education and Credentials
Education
- New York University School of Law, LL.M., 1987, taxation
- Touro College School of Law, J.D., magna cum laude, 1986, editor-in-chief, Touro Law Review; recipient, American Jurisprudence Award in Professional Responsibility
- University of Delaware, B.A., 1983, economics
Admissions
- State of New Jersey, 1987
- State of New York, 1987
Affiliations
- American College of Trust and Estate Counsel (ACTEC), Fellow
- Estate Planning Council of Northern New Jersey
- New Jersey State Bar Association, Section on Real Property Trust and Estate Law
Recognition and Community
No aspect of this advertisement has been approved by the highest court of any state. Prior results do not guarantee a similar outcome. See Awards Methodology.
Recognitions
Chosen for inclusion in The Best Lawyers in America (Woodward/White, Inc.), Trusts and Estates, 2023-2025
Chosen for inclusion in Chambers HNW Guide (Chambers & Partners) of recognized practitioners for Private Wealth in New Jersey, 2018-2024
Selected to the list of New Jersey Super Lawyers (Thomson Reuters), Estate Planning and Probate, Nonprofit Organizations, 2005-2021
AV Preeminent rated by Martindale-Hubbell
Community Involvement
Avid golfer, fly fisherman and classical guitarist
News & Insights
Thought Leadership
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FinCEN Imposes CTA Reporting on Certain Dissolved Entities, July 12, 2024 -
Corporate Transparency – Where Are We Now?, April 23, 2024 -
Probate: New Jersey, December 6, 2023 -
Retroactive Tax Legislation and Gift Planning in 2021, March 25, 2021 -
COVID-19: New Jersey Temporarily Approves Remote Notarization, April 20, 2020
News
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Chambers High Net Worth Recognizes 18 Day Pitney Attorneys for Private Wealth Law, July 18, 2024 -
Chambers High Net Worth Recognizes 20 Day Pitney Attorneys for Private Wealth Law, July 20, 2023 -
Chambers High Net Worth Recognizes 20 Day Pitney Attorneys for Private Wealth Law, July 22, 2022 -
Chambers High Net Worth Recognizes 20 Attorneys for Private Wealth Law, July 26, 2021 -
Chambers High Net Worth Recognizes Day Pitney and 16 Attorneys for Private Wealth Law, July 10, 2020
In The Media
Publications
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New Jersey Estate Planning, Will Drafting and Estate Administration Forms, two-volume treatise, Lexis Law Publishers, January 1, 2011
Media Mentions
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Business Groups Encouraged by Legislators, NJBIZ, March 7, 2016
Speaking Engagements
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Angela Titus McEwan and Richard D. Sanders Speak to Family Wealth Advisors on New Jersey's Uniform Trust Code, October 19, 2017 -
Probate Boot Camp, September 25, 2017 -
New Jersey's Version of the Uniform Trust Code, March 23, 2017 -
New Jersey's Version of the Uniform Trust Code, February 3, 2017 -
Estate Administration from Start to Finish, December 20, 2016 -
New Jersey's Version of the Uniform Trust Code, January 10, 2017 -
Estate Planning Opportunities Under the NJ Uniform Trust Code, October 17, 2016 -
Frequent lecturer on will drafting, estate planning and probate for the New Jersey Institute for Continuing Legal Education and the National Business Institute, January 1, 2010