Bruce Poushter, Esq.
Partner, Syracuse & Auburn
- Acquisition, Merger and Sale
- Asset Purchases and Sales
- Business Governance and Growth
- Elder Law/Medicaid Practice
- Employment Discrimination/Harassment Claims
- Estate Administration
- Estate Litigation
- Estate Planning
- Health Care Industry
- Personal Injury
- Real Estate Matters
- Social Security Disability Claims
- Tax Matters
- Tax Matters
- Workers' Compensation Claims
Bruce Poushter is a Partner and serves as Co-Chair of both the Business/Corporate and Commercial Real Estate departments. His experience is diverse and all-inclusive, representing an array of legal matters, from commercial and residential real estate, federal and state income taxation, business formation and family business succession to limited liability companies, corporations, mergers and acquisitions, and private placement syndications. His 25 years of tax expertise includes structuring Historic Tax Credit and Low Income Tax Credit projects. He acts as a qualified intermediary for Section 1031 Like-Kind Exchanges for real estate, automobile dealership franchises and radio stations.
Mr. Poushter has served clients in residential and commercial real estate—buyers, sellers, developers and lender; and has been involved in high-profile development projects including several in Armory Square (the Labor Temple Building, the Hogan Block Building and Armory Center) as well as the Hanover Square Lofts Apartments. He has formed condominiums, cooperatives and homeowners associations for both low-income and market-value owners. He also represents clients before the Internal Revenue Service and the New York State Department of Taxation and Finance.
Mr. Poushter is Chair of the Trusts and Estates and Elder Law Departments. The Trusts and Estates Department provides legal services related to estate and transfer tax planning, ranging from preparing basic wills, powers of attorney, advance health-care directives, and living trusts to the preparation of complex, irrevocable trusts. The Department also assists executors and trustees with the administration of trusts and decedent's estates. The Elder Law Department provides legal services related to planning for long-term disability, Medicaid, and the protection of assets.
A Certified Public Accountant, he is a member of the New York State Society of Certified Public Accounts and its Committee on Relations with the Legal Community. He is a frequent speaker on tax and business issues for the National Business Institute and Lorman Education Services.
He is admitted to practice before all New York State courts, the U. S. District Court for the Northern District of New York and the U. S. Tax Court.
Mr. Poushter is a graduate of the Wharton School of Finance, University of Pennsylvania (Bachelor of Science), Syracuse University College of Law, New York University (LL.M. Federal Taxation) and Syracuse University School of Management (M.S. Accounting).
Mr. Poushter is an Adjunct Professor at the Whitman School of Management at Syracuse University, where he teaches Emerging Enterprise Law. He is also a member of the board of directors for McMahon Ryan Child Advocacy Site. He is also an avid skier and sailor and a past commodore of the Willow Bank Yacht Club in Cazenovia.
In December, 2010, the Federal Estate and Gift Tax provisions were amended. The Estate and Gift Tax exemptions are now $5,000,000.00 per person and $10,000,000.00 per couple for 2011 and 2012. The tax rate on the non-exempt amount is set at 35%. The 2012 exemptions amounts are also indexed for inflation.