Kenneth G. Coveney

Ken_CoveneyPartner

858-623-4240
KCoveney@SDLaw.com

Ken earned his law degree in 1972 from Stanford University, where he was elected to the Order of the Coif.  He received his LL.M in Taxation from New York University School of Law in 1985.

Ken’s practice is devoted to estate and transfer tax planning, estate and trust administration, tax exempt organizations and general tax consultation. He focuses on the creation, protection and disposition of client assets.

Ken counsels individuals and families about gifts, estate and other transfer tax issues. He prepares all manner of estate planning documents, such as wills, revocable trusts and irrevocable trusts. He prepares gift, estate, generation-skipping transfer tax, and fiduciary income tax returns and represents clients in audits of those returns. He supervises the administration of estates and trusts, including sales of residences, tangible personal property, listed securities, partnership interests and closely held businesses.

With regard to tax exempt organizations, Ken forms and qualifies nonprofit organizations as both public charities and private foundations. He advises directors and officers regarding daily administration issues and restrictions on tax exempt organizations. He counsels organizations regarding fund raising methods and techniques, including charitable remainder trusts, charitable lead trusts, pooled income fund gifts, gift annuities, and documents reflecting bargain sales. When needed, he obtains private letter rulings from the Internal Revenue Service regarding various tax issues. Finally, he provides advice regarding all compliance issues, including private inurement, private benefit, and applicable excise tax issues.

Ken also gives tax advice to clients of all types and sizes, from individuals to major corporations. He provides advice regarding corporate distributions, liquidations, reorganizations and issues unique to Subchapter S corporations. He counsels regarding tax-free exchanges and rollover transactions. His advice involves issues regarding source of income, residency and tax planning for United States investment by nonresident aliens. Ken represents clients before the Internal Revenue Service in audits, requests for private letter rulings and technical advice memoranda.