MICHAEL S. INSEL
Partner
(212) 808-7933
MICHAEL S. INSEL Partner

Michael Insel is a partner in the firm's New York office. He focuses his practice on trusts and estates, tax, closely held businesses in corporation or partnership form, and valuation issues for tax matters and domestic relations.

Representing an American family with substantial business holdings in the United States and Europe, including: planning for the incompetency of the founder of the family's businesses; administration of the founder's estate, including a successfully concluded valuation dispute with the Internal Revenue Service (IRS) over the principal family business; and ongoing services in connection with supervision of the family's multiple operating entities in the United States and abroad.

Advised the owner of a closely held business on estate and financial planning, including advice with respect to the possibility of a public offering and negotiations to bring in a professional (non-family) chief operating officer.

Represented the estate of a minority shareholder in a closely held manufacturing company, including negotiating a favorable buyout price in conjunction with another minority shareholder and then obtaining agreement from the IRS to a substantial discount of the proceeds received for estate tax purposes.

Represented the estate of a minority shareholder in negotiations with other shareholders of a closely held manufacturing company in order to assemble majority control to remove certain transfer restrictions.

Represented the beneficiary (surviving spouse) of a trust, the principal assets of which consisted of major holdings of real property outright and in partnership form, in connection with a dispute with the trustees over the management of the underlying properties and the allocation of receipts between principal and income. Matter resulted in the removal of an antagonistic trustee and replacement with a trustee chosen by the beneficiary, as well as the payment of a substantial sum to the beneficiary for improperly withholding income.

Provided representation in connection with the valuation of substantial non-public venture capital and other non-liquid type investments in connection with negotiations for a post-nuptial division of property among spouses.

Represented several American families in connection with major insurance purchases at negotiated prices as part of coordinated multi-generational estate planning.

Representing the estate of a major American composer, including the successful conclusion of a valuation dispute with the IRS as to certain royalty interests and continued advice as to the operation of family holdings.

Providing service on and advice to numerous charitable foundations, public and private, and general advice on their legal issues.

Providing general representation in connection with the estate and tax planning of numerous private individuals of substantial means, including serving as a fiduciary of numerous estates and trusts.

Pro Bono

Goodwill Industries of Greater New York and Northern New Jersey, chairman emeritus

The Best Lawyers in America© (Woodward/White, Inc.), Trusts and Estates and Trusts & Estates - Litigation, 2010-2017.

Listed in New York Super Lawyers, 2013-2016.

American Bar Association, Real Property Probate and Trusts Section, Tax Section

New York State Bar Association: Trusts and Estates Section, Committee on Surrogate's Court; Tax Section, Committee on Estate and Gift Tax, Committee on Income Taxation of Estates and Trusts

Florida Bar Association, Real Property and Probate and Trust Law Section

About

Michael Insel is a partner in the firm's New York office. He focuses his practice on trusts and estates, tax, closely held businesses in corporation or partnership form, and valuation issues for tax matters and domestic relations.

Experience

Representing an American family with substantial business holdings in the United States and Europe, including: planning for the incompetency of the founder of the family's businesses; administration of the founder's estate, including a successfully concluded valuation dispute with the Internal Revenue Service (IRS) over the principal family business; and ongoing services in connection with supervision of the family's multiple operating entities in the United States and abroad.

Advised the owner of a closely held business on estate and financial planning, including advice with respect to the possibility of a public offering and negotiations to bring in a professional (non-family) chief operating officer.

Represented the estate of a minority shareholder in a closely held manufacturing company, including negotiating a favorable buyout price in conjunction with another minority shareholder and then obtaining agreement from the IRS to a substantial discount of the proceeds received for estate tax purposes.

Represented the estate of a minority shareholder in negotiations with other shareholders of a closely held manufacturing company in order to assemble majority control to remove certain transfer restrictions.

Represented the beneficiary (surviving spouse) of a trust, the principal assets of which consisted of major holdings of real property outright and in partnership form, in connection with a dispute with the trustees over the management of the underlying properties and the allocation of receipts between principal and income. Matter resulted in the removal of an antagonistic trustee and replacement with a trustee chosen by the beneficiary, as well as the payment of a substantial sum to the beneficiary for improperly withholding income.

Provided representation in connection with the valuation of substantial non-public venture capital and other non-liquid type investments in connection with negotiations for a post-nuptial division of property among spouses.

Represented several American families in connection with major insurance purchases at negotiated prices as part of coordinated multi-generational estate planning.

Representing the estate of a major American composer, including the successful conclusion of a valuation dispute with the IRS as to certain royalty interests and continued advice as to the operation of family holdings.

Providing service on and advice to numerous charitable foundations, public and private, and general advice on their legal issues.

Providing general representation in connection with the estate and tax planning of numerous private individuals of substantial means, including serving as a fiduciary of numerous estates and trusts.

Pro Bono

Goodwill Industries of Greater New York and Northern New Jersey, chairman emeritus

Honors

The Best Lawyers in America© (Woodward/White, Inc.), Trusts and Estates and Trusts & Estates - Litigation, 2010-2017.

Listed in New York Super Lawyers, 2013-2016.

Memberships

American Bar Association, Real Property Probate and Trusts Section, Tax Section

New York State Bar Association: Trusts and Estates Section, Committee on Surrogate's Court; Tax Section, Committee on Estate and Gift Tax, Committee on Income Taxation of Estates and Trusts

Florida Bar Association, Real Property and Probate and Trust Law Section

Practices