Shira H. Sokal

Of Counsel

Shira Sokal advises high-net worth and multigenerational families, business executives and owners, and directors of private equity funds on all aspects of wealth transfers, from lifetime giving strategies to sophisticated estate planning techniques. She focuses on creating estate plans that address the complex network of income, gift, estate, and generation-skipping tax rules, all while taking into account each client’s unique needs and wishes.

Education & Credentials

Harvard Law School
JD, 2004, magna cum laude
University of Pennsylvania
BA, 1997, magna cum laude

Admissions

Massachusetts

Shira's Insights

Publications 11.07.2024

IRS Releases Annual Inflation Adjustments for Tax Year 2025

The Internal Revenue Service (IRS) has released annual inflation adjustments for 2025. They include increased gift, estate, and generation-skipping transfer (GST) tax exemptions and annual gift tax exclusions, and new income tax brackets.

Publications 09.10.2024

Donors Take Care: How to Avoid Charitable Giving Scams

The Federal Trade Commission and the attorneys general of 10 states filed a lawsuit in federal court against Cancer Recovery Foundation International (aka Women’s Cancer Fund or the “Fund”), and its president, Gregory Anderson, alleging that they raised $18 million over a five-year period from donors who wanted to help cancer patients, but that only 1% of the money went to help the patients.

Publications 12.14.2023

Corporate Transparency Act:
LLCs and Other Entities Required to Report Ownership and Control Information to the Federal Government, Deadlines Vary

The new federal disclosure requirements under the Corporate Transparency Act (“CTA”) will come into effect on January 1, 2024, although only certain entities (those formed in 2024) will need to report next year.  For entities formed before 2024, the deadline for reporting will be later, on January 1, 2025.

Publications 11.13.2023

IRS Releases Annual Inflation Adjustments for Tax Year 2024

The Internal Revenue Service recently released annual inflation adjustments for 2024. They include increased gift, estate, and generation-skipping transfer (“GST”) tax exemptions and annual gift tax exclusions, increased retirement account limits, and new income tax brackets.