Sherman Atlas Sylvester & Stamelman LLP | Tracy Child | News & Publications
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Professionals
Tracy  McSweeney Child

PRACTICES

Estate Planning and Estate Administration
Taxation

EDUCATION

  • New York Law School, LL.M. Taxation (2011)
  • Seton Hall University School of Law, J.D. (2006)
  • Boston College, B.S., cum laude (2001)

ADMISSIONS

  • New Jersey
  • New York
  • U.S. District Court, District of New Jersey
Tracy McSweeney Child
Partner
CONTACT INFORMATION
Tel: (212) 763-6465
Fax: (917) 522-6017
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  • 2020 Estate Planning Essentials Guide - NJ Edition
    02/2020

    A broad overview of wills, trusts, estate and gift taxes, and important planning techniques and documents.

    If you have questions, please contact any of the attorneys in our Tax and Trusts & Estates Practice Group. Nothing in this booklet should be relied upon as legal advice in any particular matter.

  • Tax and Trust & Estates Update February 2020
    02/2020

    In This Issue:

    • The New SECURE Act’s Effect on Estate Planning for Retirement Plans
    • Relief from Federal Limitation on Deduction for State and Local Income Taxes for Some New Jersey Business Owners
    • Private Foundation Excise Tax Rate Simplification – Law Change Effective 2020
    • Misleading Notices from Third Parties of Annual Report Delinquencies for New Jersey Entities

  • Tax and Trust & Estates Update November 2019
    11/2019

    In This Issue:

    • 2020 Inflation Adjustments for Tax Items
    • If You Want to Make Gifts to Charities or Others in 2019, Be Sure Those Gifts Are “Completed” this Year for Tax Purposes
    • Thinking of Converting your S Corporation to a C Corporation? Avoid this Trap for the Unwary.
    • The Nonprofit Forum - Is it Time to Convert Your Private Foundation to a Donor-Advised Fund?

  • Tax and Trust & Estates Update May 2019
    05/2019

    In This Issue:

    • The Perils of "Transfer on Death" (TOD) and "Payable on Death" (POD) Accounts
    • Information That Can Help Your Family at the End of Your Life
    • Sherman Atlas Welcomes New Associate to the Tax and Trusts & Estates Group
    • New Jersey Trustee Uniform Trust Code Disclosure Requirements – A Reminder

  • Partner Tracy Child presented at the Estate Planning Council of Northern New Jersey Spring Event
    05/2019

    Tracy Child co-presented with peers from Goldman Sachs and Alliance Bernstein at the May 15th seminar at The Madison Hotel. The program discussed the unique characteristics of the Millennial generation and the obstacles advisors face and solutions for how to best serve this growing community.

  • Partner Tracy Child to present at the Estate Planning Council of Northern New Jersey Spring Event
    04/2019

    Tracy Child will co-present with peers from Goldman Sachs and Alliance Bernstein at the May 15th seminar at The Madison Hotel. The program will discuss the unique characteristics of the Millennial generation and the obstacles advisors face and solutions for how to best serve this growing community.

    For further information about the seminar and to register, please visit the link to the right.

  • 2019 Estate Planning Essentials Guide - NJ Edition
    02/2019

    A broad overview of wills, trusts, estate and gift taxes, and important planning techniques and documents.

    If you have questions, please contact any of the attorneys in our Tax and Trusts & Estates Practice Group. Nothing in this booklet should be relied upon as legal advice in any particular matter.

  • Tax and Trusts & Estates Update December 2018
    12/2018

    In This Issue:

    • Charitable Giving in 2018 under the Tax Cuts and Jobs Act of 2017
    • If You Want to Make Gifts to Charities or Others in 2018, Be Sure Those Gifts are "Completed" this Year for Tax Purposes
    • 2019 Inflation Adjustments for Tax Items
    • The New Qualified Business Income Deduction – Still Lots of Uncertainty
    • Breaking New Jersey News – New Jersey Offers Tax Amnesty until January 15, 2019
    • More Tax Accounting Options for Small Businesses in 2018
    • Another Reminder About IRS Revised Partnership Audit Procedures
    • A Note about the Registration of New Jersey Private Foundations

  • Partner Tracy Child, recently served on a panel at the J.P. Morgan Emerging Family Leaders Forum
    11/2018

    J.P. Morgan hosted the next generation of their most successful clients and prospects, which consisted of roughly 50 attendees between the ages of 25-35 (with a minimum net worth of $25mm). The agenda covered technology/blockchain, entrepreneurship, real estate, estate planning, and philanthropy. The topics were presented by key, dynamic well known speakers including Ryan Serhant from Million Dollar Listing, the Founders of Boll & Branch, Divya Narendra from Sum Zero (Zuckerberg's Facebook partner tied to the famous Facebook dispute) and our very own, Tracy Child.

  • Tax and Trusts & Estates Update September 2018
    09/2018

    In This Issue:

    • Trustees Beware: Trust-Owned Life Insurance Needs a Regular Review to Avoid Trustee Liability
    • Tax Alert: No Estate Tax in New Jersey Doesn't Mean No Estate Administration
    • Sherman Atlas Proudly Announces Three New Members of the Tax and Trusts & Estates Group

  • Sherman Atlas congratulates fourteen firm attorneys that have been selected among the 2018 NJ Super Lawyers and the 2018 Rising Stars List
    05/2018

    Sherman Atlas congratulates eight firm attorneys that have been selected among the 2018 NJ Super Lawyers and six firm attorneys that have been selected among the 2018 Rising Stars.

    We are delighted to add that two firm Partners have been noted for receiving special recognition, Partners, Andrew Stamelman & Sandra Brown Sherman have been included on this year's New Jersey Super Lawyers Top 100 Lawyers list and Partner, Sandra Brown Sherman was included on the Top 50 Women Lawyers in the State list.

  • Tax and Trusts & Estates Update January 2018
    01/2018

    In This Issue:

    • Estate Planning Cautions and Opportunities in the Aftermath of the Tax Cuts and Jobs Act of 2017
    • Existing Testamentary Plans of Individuals Residing in New Jersey
    • Existing Testamentary Plans of Individuals Residing in New York
    • Formula Bequests for Generation-Skipping and Charitable Gifts
    • Planning Opportunities
    • Sherman Atlas Announces New York Office Move

  • Tax and Trusts & Estates Update December 2017
    12/2017

    In This Issue:

    • The Tax Cuts and Jobs Act – How It May Affect You

  • Tax and Trusts & Estates Update November 2017
    11/2017

    In This Issue:

    • 2018 Inflation Adjustments for Tax Items
    • Proposed U.S. Tax Legislation – Stay Tuned
    • The Nonprofit Forum Does Your Charitable Donor-Advised Fund Name Successor “Recommenders”?

  • Tax and Trusts & Estates Update June 2017
    06/2017

    In This Issue:

    • January 1, 2018, Proposed Effective Date for Implementation of New Partnership Audit Rules Is Fast Approaching
    • Generation-Skipping Tax Basics You Should Know
    • The Nonprofit Forum - CAUTION: The Dangers of Non-Board Members on Board Committees
    • Sherman Atlas Proudly Announces Two New Members of the Tax and Trusts & Estates Group

  • New Jersey 2017 Super Lawyers Recognize 13 Sherman Atlas Attorneys
    04/2017

    We are delighted to announce that 13 of our lawyers have been recognized by New Jersey 2017 Super Lawyers, with three of our partners receiving special recognition.

  • Tax and Trusts & Estates Update January 2017
    01/2017

    In This Issue:

    • Gift Tax Reporting Reminder for Gifts Made in 2016
    • Estates of New Jersey Residents Who Do Not Survive Until 2018 Could Confront Costly and Unnecessary New Jersey Estate Taxes
    • …And New York Residents Should Similarly Review their Estate Planning Documents Given the Moving Target of the “Cliff” Past Which New York Estate Tax Will Apply
    • The Nonprofit Forum - Warning: Even Donations to Your Private Foundation Need a Written Acknowledgment

  • Tax and Trusts & Estates Update December 2016
    12/2016

    In This Issue:

    • The Election and Your Tax Planning – Stay Tuned
    • If You Want To Make Gifts to Charities or Others in 2016, Be Sure Those Gifts Are “Completed” This Year For Tax Purposes
    • 2017 Inflation Adjustments for Tax Items
    • The Nonprofit Forum

  • Partner Tracy Child spoke at Morgan Stanley’s Florham Park office on Tuesday, November 29, 2016
    11/2016

    Partner Tracy Child spoke at Morgan Stanley’s Florham Park office on November 29th on the recent changes to the New Jersey Estate Tax and generally about how to advise clients on wealth preservation during this time of change.

  • Tax and Trusts & Estates Update October 2016
    10/2016

    In This Issue:

    • New Jersey Repeals Its Estate Tax; Inheritance Tax Remains (for now)
    • Status of Valuation Discounts on Transfers of Interests in Family-Controlled Entities Uncertain
    • New York Adopts Legislation Providing Fiduciaries with Greater Clarity Regarding Access to Digital Assets
    • New Jersey Uniform Trust Code Reminder

  • Tax and Trusts & Estates Update May 2016
    05/2016

    In This Issue:

    • No More Secret Trusts? New Jersey’s Uniform Trust Code Mandates Disclosure to Beneficiaries…With Exceptions
    • The Nonprofit Forum - A Simple Compliance Checklist
    • Sherman Atlas Named One of the Best Places to Work in New Jersey
    • Sherman Atlas Welcomes Beth Corroon

  • Sherman Atlas is Pleased to Announce that Eight Attorneys have Been Named 2016 NJ Super Lawyers and Five Named Rising Stars
    03/2016

    The Super Lawyers selection process comprises hundreds of thousands of statewide or regional surveys supplemented by a comprehensive examination of each nominee’s background and experience, focusing on such criteria as verdicts and settlements, transactions, representative clients, honors and awards, educational background, and any other outstanding achievements. Only 5 percent of the total lawyers in the state are selected for inclusion in Super Lawyers.

  • Tax and Trusts & Estates Update February 2016
    02/2016

    In This Issue:

    • 2016 Gift Tax Reminder
    • The Uniform Trust Code is Coming to New Jersey…More to Follow
    • The Nonprofit Forum: Nonprofit Board Membership – Some Thoughts for Future and Current Board Members
    • Sherman Atlas Proudly Announces New Partner

  • Sherman Atlas Proudly Announces New Partners & Counsel
    01/2016

    In This Issue:

    • Sherman Atlas Announces New Partners & Counsel

  • Tax and Trusts & Estates Update December 2015
    12/2015

    In This Issue:

    • 2016 Inflation Adjustments for Tax Items
    • New Guidance on Reporting Tax on Gifts and Bequests from Former U.S. Citizens and Residents
    • If You Want to Make Gifts to Charities or Others in 2015, Be Sure Those Gifts Are “Completed” This Year for Tax Purposes

  • Tax and Trusts & Estates Update October 2015
    10/2015

    In This Issue:

    • New Regulations May Limit Taxpayers’ Ability to Discount the Value of Transferred Minority Interests in Family-Owned or Family-Controlled Entities
    • Does Your Power of Attorney Need a Fresh Look?
    • Executors Stay Tuned: Estate Tax Valuation Reports to the IRS and Estate Beneficiaries Will Soon be Mandated
    • Welcome to new members of our team

  • Tracy Child Selected by New Jersey Law Journal as a 2015 Leader of the Bar
    06/2015

    Sherman Atlas is pleased to congratulate our colleague, Tracy Child, for being named as one of the 2015 new leaders of the New Jersey Bar. We are pleased that Tracy’s distinguished work in the tax and trusts & estates area has been recognized by the legal community.

  • Tax and Trusts & Estates Update May 2015
    05/2015

    In This Issue:

    • Changing Your State of Residency: What You Need to Know Before You Go
    • The IRS Will Know About Your Undisclosed Foreign Accounts Very Soon
    • Trustees of Life Insurance Trusts, Beware of Your Duties

  • Tax and Trusts & Estates Update February 2015
    02/2015

    In This Issue:

    • 2015 Gift Tax Reminder
    • Sherman Atlas adds a new attorney to their Tax and Trusts & Estates Group

  • Tax and Trusts & Estates Update December 2014
    12/2014

    In This Issue:

    • If You Want to Make Gifts to Charities or Others in 2014, Be Sure Those Gifts Are “COMPLETED” This Year for Tax Purposes
    • 2015 Inflation Adjustments for Tax Items

  • Tax and Trusts & Estates Update September 2014
    09/2014

    In This Issue:

    • Estate Planning Opportunities You May Be Missing
    • Offshore Voluntary Disclosure Program Gets Streamlined
    • Problematic Assets to Have in Your Estate
    • Information That Can Help Your Family at the End of Your Life
    • New York Estate Tax Law Changes
    • New IRS Form EZ-1023