What is a Masters of Law in Taxation (LL.M.)?
Massachusetts Masters of Law in Taxation (LL.M.) Lawyer
A Masters of Law in Taxation establishes an Attorney as a Specialist in the area of Taxation law. Given that so much of our lives revolve around taxation, an attorney with a Masters in Taxation law offers clients invaluable knowledge that can be applied in estate planning and elder law to minimize taxes.
By way of example, a Qualified Elder Law Attorney with a Masters of Law in Taxation can help clients eliminate or dramatically reduce estate taxes. In addition, the attorney can utilize special strategies to maximum tax benefits and protections where available. An Attorney who understands the tax code can help families protect their home while avoiding some of the common pitfalls that can cause them to lose valuable tax benefits if the home is sold.
Very few Attorneys in Massachusetts have earned a Masters of Law in Taxation. The reason is that it is a very tough Masters to achieve. After completing three years of full-time law school to earn a law degree (JD), an attorney must apply to a law school and be admitted to the LLM (Masters) program. Assuming the law school grants admission, the attorney must successfully pass another full-time year of study (including rigorous exams) before the attorney is awarded an LL.M. Given the breadth and complexity of our tax laws, the Masters of Taxation is well known to be among the toughest sub-specialties of law.
Attorney Lucy Budman earned both her law degree and her Masters of Law in Taxation at Boston University School of Law, which is widely respected as one of the top law schools in the country. She has years of experience offering clients highly specialized tax planning. In today’s political and economic climate, careful tax planning is an essential element of every Estate Plan. Lucy has developed a specialty advising clients with higher net worth and valuable retirement accounts. Her strategies help clients keep wealth in their family for generations while minimizing tax ramifications.