Patricia C.
Marcin
Trusts & Estates
Partner
Uniondale
T: 516-227-0611
pmarcin@farrellfritz.com pmarcin@farrellfritz.com
About Patricia
Patricia C. Marcin concentrates in estate planning, estate and trust administration, and taxation. Her practice includes the preparation of wills and trusts and other estate planning documents and all phases of the administration of estates, including the analysis and review of estate and fiduciary income tax issues and administrative and legal issues in each estate.
Previously, Tricia was a vice president with U.S. Trust Company of New York. Before that, she was associated with the New York City law firm of Shearman and Sterling for over 10 years.
Tricia has authored articles on various estate planning and trust and estate administration topics, and writes a monthly column on trust and estate issues for Lloyd Harbor Life called Wills, Trusts & Estates: Plain & Simple. She also speaks frequently at conferences about tax and legal issues in estate planning and estate administration, including for the NYSCPA Society and the New York State Bar Association.
Credentials
Education
- State University of New York at Stony Brook
- Touro College Jacob D. Fuchsberg Law Center
Bar Admissions
- New York
Affiliations & Appointments
- Nassau Estate Planning Council
- Suffolk Estate Planning Council
- New York State Bar Association, Trust and Estate Section
- Nassau County Bar Association, Surrogate Court Committee
Articles & Advisories
Basic Estate Planning and Other Practical Advice As Your Child Heads Off to College
Despite scientific research suggesting otherwise, an 18-year-old college student is generally considered an adult under New York law. Parents’ rights…
June 17, 2019
Wills, Trusts & Estates: Plain and Simple – Grantor Trusts: What the Heck Are They?
A “Grantor Trust” is a trust you create during your life that you own for income tax purposes. This means…
May 16, 2019
Wills, Trusts & Estates: Plain and Simple – Estate Planning for Families With Children Who Have Special Needs
Estate planning for families who have children with special needs is similar to general family estate planning. The key, however,…
April 15, 2019
Wills, Trusts & Estates: Plain and Simple – Changing Your “Home” For State Tax Purposes – Not So Easy
It’s March, the winter has dragged on, and many of us are longing for warmer weather. Some with second homes…
March 15, 2019
Wills, Trusts & Estates: Plain and Simple – Is It Time to Make a Large Gift?
Under the federal tax law enacted in 2017, the amount of each person’s federal estate and gift tax exemption was…
February 19, 2019
Wills, Trusts & Estates: Plain and Simple – What Happens to Social Media and Other Digital Life When You Die?
Over the holidays, it’s likely that you or a loved one received some type of computer or device that connects…
January 17, 2019
Wills, Trusts & Estates: Plain and Simple – Should I Maximize My Charitable Giving Before Year End?
The standard deduction (i.e., the amount you can deduct from your adjusted gross income without itemizing deductions) under the new…
December 18, 2018
Wills, Trusts & Estates: Plain and Simple – What Is Probate?
When a last will and testament is admitted to probate, it simply means that the court is satisfied that the…
November 19, 2018
Wills, Trusts & Estates: Plain and Simple – “Should I Have a Revocable Trust?”
A Revocable Trust, AKA a “Living Trust,” is a trust created by written agreement between you, as grantor, and you…
October 18, 2018
How can a college parent maintain key legal rights?
Your 18-year-old has headed off to college. Despite what you may feel, she will now be considered an adult in…
October 12, 2018
Wills, Trusts & Estates: Plain and Simple – “Do I Need a Will?”
A Last Will and Testament directs your Executor how and to whom your assets are to be disposed. If you…
September 20, 2018
Wills, Trusts & Estates: Plain and Simple – “Do-It-Yourself” Wills: A Note of Caution
There are lots of “do-it-yourself” Will programs floating around on the internet. You may be able to save legal fees…
August 24, 2018
Will, Trusts & Estates: Plain and Simple – Back to Basics: Wills & Revocable Trusts
Wills and revocable trusts basically do the same thing – each is a document in which you give away your assets…
July 09, 2018
Your “Baby” is Heading to College
While we may know better, an 18-year-old college student is generally considered an adult under New York law. Your rights…
June 21, 2018
“Your “Baby” is Heading to College – Any Estate Planning Documents Needed?”
While we may know better, an 18 year old college student is generally considered an adult under New York law.…
August 25, 2017
Joint Accounts: Who Gets the Account Upon Your Death?
An account that is titled in your name and that of your child “with right of survivorship” passes to your…
July 31, 2017
Wills, Trusts & Estates: To Gift, Or Not To Gift…
Due to current tax laws, giving assets to loved ones (“gifting”) while you are alive, in order to reduce estate…
May 25, 2017
Should You Create Trusts for Your Kids?
If your children are under age eighteen, you should have trusts for them in your Wills, in the event you…
March 21, 2017
What Happens to your “Social Media” and other “Digital” Life when you Die?
Over the holidays, it’s likely that you or a loved one received some type of computer or device that connects…
January 11, 2017
Year End Gifting
Each December I usually write about year-end gifting, as now is the time that many people think about gifting to…
December 13, 2016
You’ve Won the Lottery!! Now What??
You’ve won the $60 million lottery! What should you do? Absolutely scream and celebrate quietly with your very immediate family,…
November 21, 2016
Lifetime Gifting of Family-Owned Businesses – Move Quickly to Avoid Higher Taxes
Many family businesses are held in family limited partnerships (“FLPs”) or limited liability companies (“LLCs”). A parent typically transfers ownership…
November 09, 2016
The New York State Estate Tax Cliff and the “Santa Clause” Fix
The current per person NYS estate tax exemption is $4,187,500, which means that if you have no spouse (ex. Widowed,…
September 09, 2016
What Does An Executor Do?
An Executor (technically, Executrix if a woman) is the person you appoint to carry out your wishes as expressed in…
June 20, 2016
What is Probate?
When a Last Will and Testament is admitted to “probate”, it simply means that the court is satisfied that the…
May 24, 2016
Inheriting Contaminated Property: What Are The Options?
Mom and Dad owned valuable commercial real property that they rented to various tenants, including a dry cleaner and a…
May 06, 2016
Changing Your “Home” For State Tax Purposes – Not So Easy
Reprinted with permission from Cold Spring Harbor Living, February 2016. It’s February, the middle of winter, and many of us…
February 23, 2016
The Easy Way To Charitable Giving, and Even Get Your Kids Involved
One of the easiest ways to give to charity, and one of the best kept “secrets”, is to open a…
February 03, 2016
Legally Speaking – Year End Gifting
Posted with permission from Cold Spring Harbor Living, December Issue. Each December I usually write about year-end gifting, as now…
December 17, 2015
Legally Speaking: Joint Accounts – Who Gets the Account Upon Your Death?
Reprinted with permission from Cold Spring Harbor Living | November 2015 issue. An account that is titled in your name…
November 17, 2015
Legally Speaking: Irrevocable Life Insurance Trusts (ILITs) Can Help You Save Estate Tax
Reprinted with permission from Cold Spring Harbor Life, October 2015 issue. When a loved one dies, the family and the…
November 05, 2015
Estate Planning For The Second Marriage: “Protecting the Kids”
Reprinted with permission from Cold Spring Harbor Living, September 2015 issue. What is one of the things that kids from…
September 22, 2015
Advance Directives: Living Wills, Health Care Proxies and Powers of Attorney
Reprinted with permission from Cold Spring Harbor, August issue. We’re in the midst of the summer and no one wants…
August 26, 2015
Estate Planning Mistakes In Celebrity Estates
Reprinted with permission from Cold Spring Harbor Living, May 2015 issue. Estate planning mistakes by celebrities are no different than…
May 26, 2015
Tales From the Crypt: Who Decides What Happens to Your Remains?
Reprinted with permission from Cold Spring Harbor Living and Lloyd Harbor Life, March, 2015 issues. Sometimes family members cannot agree…
March 18, 2015
Wills, Trusts & Estates: What Happens to Your “Digital” Life When You Die?
Reprinted with permission from Cold Spring Harbor Living, February 2015 issue. Over the holidays, it’s likely that you or a…
March 09, 2015
Wills, Trusts & Estates: Year End Gifting
Reprinted with permission from Cold Spring Harbor Living, December 2014 issue. As year-end approaches, many people think about gifting to…
December 24, 2014
Wills, Trusts & Estates: Trusts – What Are They?
Reprinted with permission from Cold Spring Harbor Living, November 2014 issue. Trusts and Estates lawyers talk about trusts as if…
November 15, 2014
Wills, Trusts & Estates: What Does An Executor Do?:
Reprinted with permission from Cold Spring Harbor Living, October 2014 issue. An Executor (technically, Executrix if a woman) is the person…
October 15, 2014
The “New” New York State Estate Tax Law
Reprinted with permission from Cold Spring Harbor Living. Not really. The top New York estate tax rate remains at 16%…
July 11, 2014
Estate Planning for Families with Children Who Have Special Needs
Reprinted with permission from Cold spring Harbor Living. Estate planning for families who have children with special needs is similar…
June 26, 2014
Estate Planning for the Second Marriage: “Protecting” the Kids
Reprinted with permission from Lloyd Harbor Life. What is one of the things that kids from a first marriage worry…
May 29, 2014
Is New York State Estate Tax Reform on the Horizon?
Reprinted with permission from Lloyd Harbor Life. Currently, when you die, New York State imposes an estate tax on your…
March 21, 2014
Wills, Trusts & Estates: Lifetime Gifting of Discounted Interests – Using FLPs and LLCs
December 12, 2013
Wills, Trusts & Estates: The Easy Way to Charitable Giving, and Even Get Your Kids Involved
Reprinted with permission from Lloyd Harbor Life Community Newsletter. One of the easiest ways to give to charity, and one…
October 08, 2013
Wills, Trusts & Estates: The Federal Defense of Marriage Act (“DOMA”) and Same Sex Marriage
Reprinted with permission from Lloyd Harbor Life. At the end of June, the U.S. Supreme Court decided the case of…
September 25, 2013
WILL, TRUSTS AND ESTATES: “Decanting” Trusts – Sometimes you can change the Terms of an Existing Trust
Reprinted with permission from Lloyd Harbor Life. Sometimes, the terms of an irrevocable trust (one that cannot be amended or…
June 01, 2013
20/20 HINDSIGHT
Reprinted with permission from Lloyd Harbor Life. Yes, sometimes your estate plan can be changed AFTER you die to alter…
April 11, 2013
WAS THE BIG 2012 GIFT I MADE A MISTAKE?
Reprinted with permission from Lloyd Harbor Life. Many folks hurried to make gifts by midnight December 31, 2012. They feared…
March 01, 2013
Irrevocable Life Insurance Trusts (ILITs) Can Help You Save Estate Tax
Reprinted with permission from Lloyd Harbor Life. When a loved one dies, the family and the attorney go over the…
February 01, 2013
Gifts and the $5 Million Federal Exemption Amount: What’s All the Hype About?
October 01, 2012
Do I Need a Will? Wills, Trusts & Estates: Plain & Simple
This is not as simple to answer as you may think. Tricia Marcin explains how various types of assets are…
April 06, 2012
Should I Have a Revocable Trust?
Tricia Marcin explains what a revocable trust is and some of the circumstances when it is warranted to have one.…
April 06, 2012
Beware: Bequests to Non-U.S. Citizen Spouses May Not Qualify for the Estate Tax Marital Deduction
Reprinted with permission from the December 2010 Nassau Lawyer. Generally, for purposes of computing the Federal estate tax (as well…
December 01, 2010
Client Advisory – Recession Presents Opportunities for Estate Planning with Real Estate
As we all know, commercial real estate holdings have been significantly impacted by the recession. Vacancy rates have risen, rents…
October 01, 2010
Client Advisory – The 2010 Federal Estate Tax “Repeal”
As you may already know, much to the astonishment of the legal community, Congress has failed to pass legislation extending…
February 23, 2010
Press Releases
The Long Island Community Foundation Has Named Patricia Marcin Chair of its Board of Directors
The Long Island Community Foundation has named Patricia (Tricia) Marcin of Farrell Fritz, Chair of its Board of Directors. Tricia…
March 01, 2019
30 Farrell Fritz Attorneys Recognized as 2018 Leading Lawyers in Their Respective Areas of Practice
Farrell Fritz had a combined total of 30 attorneys selected to the 2018 New York Metro Super Lawyers and New…
September 13, 2018
Farrell Fritz Receives Tier 1 Ranking in 2018 U.S. News – Best Lawyers’ “Best Law Firms”
Farrell Fritz is pleased to announce that, for the sixth consecutive year, the firm has received a Tier 1 Ranking…
November 01, 2017
31 Farrell Fritz Attorneys Recognized as 2017 Leading Lawyers in their Respective Areas of Practice
Farrell Fritz had a combined total of 31 attorneys selected to the 2017 New York Metro Super Lawyers and New…
September 20, 2017
30 Farrell Fritz Attorneys Recognized as 2016 Leading Lawyers in their Respective Areas of Practice
Farrell Fritz had a combined total of 30 attorneys selected to the 2016 New York Metro Super Lawyers and New…
September 21, 2016
30 Farrell Fritz Attorneys Recognized as 2015 Leading Lawyers in their Respective Areas of Practice
Farrell Fritz had a combined total of 30 attorneys selected to the 2015 New York Super Lawyers and New York…
September 16, 2015
Patricia Marcin to Receive Long Island Business News’ “Top 50 Most Influential Women in Business” Award
Farrell Fritz is pleased to announce that partner Patricia (Tricia) Marcin will receive Long Island Business News’ “Top 50 Most…
September 02, 2015
CCFA Honors Thomas J. Killeen; LICF Appoints Patricia C. Marcin Vice Chair, Board of Advisors
Farrell Fritz is pleased to share the following news regarding two of our partners. Thomas J. Killeen will receive the…
March 11, 2015
Farrell Fritz Promotes Patricia Marcin to Partner and Three Associates to Counsel
Farrell Fritz is pleased to announce the promotions of Patricia C. Marcin to partner and John C. Armentano, Katherine A.…
January 07, 2015
30 Farrell Fritz Attorneys Recognized as 2014 Leading Lawyers in their Respective Areas of Practice
Farrell Fritz had a combined total of 30 attorneys named to the 2014 New York Super Lawyers and New York…
September 23, 2014
Patricia Marcin of Farrell Fritz Earns New Position on North Shore-LIJ Huntington Hospital Board
Farrell Fritz proudly announces that trusts and estates attorney Patricia C. Marcin has recently been appointed chair of the Development…
May 30, 2013
Robert Creighton, Patricia Marcin and David Curry to Receive “Leadership in Law” Awards
Farrell Fritz congratulates Robert C. Creighton, Patricia C. Marcin and David M. Curry on being selected to receive Long Island…
November 12, 2012
Patricia C. Marcin Named a Founding Director of Cold Spring Harbor Educational Foundation
Farrell Fritz is pleased to announce that trusts and estates attorney Patricia C. Marcin is a founding executive board member…
October 23, 2012
Farrell Fritz Attorneys Recognized as Leading Lawyers in their Respective Areas of Practice
Farrell Fritz congratulates ten partners and one counsel on being selected for the 2012 New York Super Lawyers – Metro…
October 11, 2012
Patricia C. Marcin Elected to North Shore-LIJ Huntington Hospital’s Board of Directors
Farrell Fritz is pleased to announce that trusts and estates attorney Patricia C. Marcin has been elected to Huntington Hospital’s…
April 26, 2012
Patricia C. Marcin Appointed to the Caumsett Foundation’s Board of Directors
Farrell Fritz, P.C. congratulates trusts and estates attorney, Patricia C. Marcin, on her recent appointment to the Caumsett Foundation’s Board…
January 24, 2011
Patricia C. Marcin Elected to the Board of Directors for the Long Island Community Foundation
Farrell Fritz trusts and estates attorney, Patricia C. Marcin, has been elected to the Board of Directors for the Long…
June 08, 2010
Patricia C. Marcin Appointed to the Board of the Huntington Ballet Theatre
February 07, 2008
Recognition
AV Preeminent Martindale-Hubbell
Peer Review Rating
Super Lawyers
New York—Metro (Estate Planning & Probate) 2012–2018
Long Island Business News
2015 Top 50 Most Influential Women in Business Award
Long Island Business News
2012 Leadership in Law Award
Hofstra Law
2019 Outstanding Woman in Law
Community Work
Tricia was a founding director of the Cold Spring Harbor Educational Foundation (CSHEF) and a past president of the Cold Spring Harbor Special Education Parent Teachers Association (SEPTA).
In 2013, Tricia was appointed chair of the development committee of the board of trustees of Northwell Huntington Hospital. She serves on the board of directors of Northwell Huntington Hospital and is a member of the professional advisory committee for the Northwell Foundation.
She is the chair of the board of advisers for The Long Island Community Foundation. Tricia also serves on the board of advisors for the North Shore Holiday House. She formerly served on the Caumsett Foundation’s board of directors.