The Uniform Transfers to Minors Act (“UTMA”) is an important estate planning tool to consider when a client has children or grandchildren who are minors. Under this statute, property of any kind can be transferred by way of gift, under the terms of a will or trust or by nominating a custodian to receive the property on behalf of the minor.
Christopher McGannDownload VCard
Christopher N. McGann is an associate at Breed & Associates. His practice includes residential real estate, estate planning, estate and trust administration, accounting and probate matters in the Surrogate’s Court as well as income, estate and gift tax compliance and planning.
In the real estate practice, Mr. McGann represents both purchasers and sellers in all facets of residential real estate transactions from the signing of the contract through date of closing. Mr. McGann also has experience in drafting and negotiating lease and roommate agreements.
Mr. McGann works with clients and their financial advisors and accountants to implement strategies to address each individual’s wealth and tax planning goals. To this end, he assists clients in setting up trusts and corporate entities and helps ensure that assets are properly transferred and his client’s goals are realized. In addition, Mr. McGann represents the fiduciary of an estate from the inception of the matter through termination and distribution of the estate. This involves supervising and preparing the necessary tax returns and documentation to resolve any and all issues involving claimants and beneficiaries of the estate, and, when necessary, conduct appropriate proceedings in Surrogate’s Court.
Prior to joining Breed & Associates, Mr. McGann worked as a matrimonial associate at Skoloff & Wolfe, P.C., in Livingston, New Jersey. Mr. McGann was previously a law clerk for Hon. Margaret Goodzeit, P.J.F.P., and served as an articles editor for the Rutgers Law Journal. His bar admissions include NJ and PA in 2011. He is also a member of the State Bar Associations of NJ and PA.
Mr. McGann resides in New Jersey with his wife, Melanie and their toy Australian Shepherd, Hazel.