Patricia C. Marcin

Trusts & Estates

Partner | 516-227-0611 |

LOCATION: Uniondale

Patricia C. Marcin concentrates her practice in estate and tax planning, including the preparation of wills and trusts and estate administration. She helps her clients plan for the transfer of their assets through lifetime gifting techniques and at death in the most tax-efficient manner to achieve their goals. She analyzes estate and fiduciary income tax issues in estates, including postmortem tax elections. Patricia also helps clients and their families navigate the practical issues that arise after death, as well as the legal and tax issues such as probate, the preparation of estate tax returns and federal and New York State estate tax audits.

What are some key issues you help your clients navigate?

Sometimes clients are simply unsure to whom to leave their money. There may be conflicts among the children that we need to consider, while factoring in how to best minimize estate taxes. We have many closely held businesses on Long Island, so business succession is another key issue. It’s an emotional issue for many families, as well as a tax issue. It’s important that the owner feels comfortable with what’s going to happen to their company when they’re no longer able to manage it.

“I feel strongly about protecting my clients. I really care about them, and they know it. I worry about them personally. That’s the difference. It’s my clients trusting me and coming back to me as things happen throughout their lives.”

Why is it so important to be active in community organizations?

There are so many things that our communities need; we have to support our community organizations and educate others about how these groups really help our communities.

I’m on the board of North Shore-LIJ Huntington Hospital and work to help the community understand how great this hospital is so they’ll use its vast resources and ultimately support it financially. I’m also on the board of the Cold Spring Harbor Educational Foundation. I think it’s critically important that we all support education because our children are the future of our country.

I sit on the board of the Long Island Community Foundation (LICF), which provides grants to charities all over Long Island. In addition, the LICF has donor-advised funds; for donors, it’s like having your own personal private foundation. What I find really wonderful about LICF is that it gives me a good handle on what’s going on in Long Island communities at the grassroots level. I formerly served on the board of the Caumsett Foundation’s board of directors, which raises funds and implements plans to maintain the Caumsett State Park Preserve, a true jewel on Long Island’s North Shore.

What distinguishes Farrell Fritz from other firms?

The breadth of knowledge is like no other firm on Long Island. If an issue comes up in an estate and it’s not something we do in our practice area, we can go to another group, whether it’s environmental or corporate or real estate, and get the answers we need for the client.