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Richard M. Goldstein

Partner, Private Wealth and Tax Team Chair
Area of Focus: Tax
"[A]n incredibly creative tax lawyer, Richard is very smart, very thorough, very practical, and easy to work with."-Chambers USA
Few, if any, tax lawyers approach their work as Richard does. By leveraging complex tax and estate-planning techniques and connecting personally with his clients, Richard has formed decades-long relationships with domestic and foreign ultra-high-net-worth individuals, families, entrepreneurs, and their businesses. 

For many clients, Richard has been their trusted counsel since they started. They have come to him again and again for advice as they grew from up-and-coming entrepreneurs to, in some cases, billionaires undergoing major liquidity events. He has been their ally and confidante, a steady presence for them, their families, and their businesses. 
Q & A
What makes you stand out from your competitors?
I combine sophisticated income tax and estate-planning techniques that many other attorneys do not commonly use. For example, through preferred partnership interests I can provide for the tax-efficient transfer of wealth from one generation to the next. For my foreign clients, I regularly make use of treaty countries to minimize taxable gain for their investments in U.S. real estate and other types of businesses. I also establish certain types of trusts for foreign individuals to avoid U.S. estate taxes for their U.S. descendants. 
What kind of relationships do you have with your clients?
Over the years I have become a trusted advisor and a close personal friend with many of my clients. They have turned to me throughout their careers as they began as entrepreneurs and then grew their business empires. For example, one client I started out doing estate planning for, I had to restructure his entire company during the downturn to deal with income tax, estate planning, wealth preservation, and corporate governance issues. Since the economy has recovered, we are moving forward with numerous real estate developments including planning for the start of an entire new town. Another client I have worked with on numerous ventures, from starting a technology fund in Israel to restructuring his technology and real estate holdings.
What keeps your clients up at night?
They worry about the liability that can come from personal guarantees. To address this, I incorporate the concept of wealth preservation into everything I do. This provides the added benefit of protecting clients and their family members from banks, other family members, and other third parties. 
Representation of Precision Response Corporation, a then-NASDAQ National Market company, from the time it was a privately-held company through its initial and secondary offerings by Goldman Sachs and its sale to InterActive Corp. in a merger transaction valued at $650 million. Additionally, we provi...
Advised Rialto Capital and Lennar Corporation in connection with the formation of two funds: (1) Rialto Real Estate Fund, LP, a $700 million closed-end real estate investment fund focused on distressed real estate investments, and (2) Rialto Real Estate Fund II, LP, a $1 billion real estate investme...
Representation of taxpayers before the Internal Revenue Service, including tax shelters and penalty abatement.
Representation of Y.S. Liedman in its sale to a Miami-based insurance specialist.
Representation of Financial Profiles, Inc., a Florida-based company, in the sale of substantially all its assets to Arthur J. Gallagher & Company, an insurance conglomerate listed on the NYSE (NYSE:AJG). We negotiated and structured the sale of the company's assets and as well as the employment ...
Representation of several Florida descendants with estates in excess of $1.6 billion involving complicated income and estate tax issues as well as heirship disputes.
  • New York University, LL.M., Taxation, 1984
    University of Miami, J.D., School of Law, Associate Editor, Inter-American Law Review, 1983
    State University of New York at Albany, B.S., 1980
  • The Florida Bar
    Sections on Taxation
    Real Property, Probate & Trust Law Section
    Key Biscayne Community Foundation
    Board Member
    State Bar of Texas
    Real Estate, Probate & Trust Law Section
    Voices for Children Foundation
    Board Member 2009-2018 
  • Florida
  • Band 2, Chambers USA, Corporate/M&A, 2007; Tax, 2006 - present

    Band 3, Chambers HNW, Private Wealth Law - Florida, 2016 - present

    STEP Private Client Awards, Legal Team of the Year Category Finalist, 2020

    The Best Lawyers in America, Tax Law, 2011 - present

    The Best Lawyers in America, Corporate Law, 2011 - 2013

    Florida Trend's Legal Elite, 2012

    Florida Super Lawyers, 2006 - present

    Florida Super Lawyers, Top 100 Miami Florida Super Lawyers, 2012

    South Florida Legal Guide, Top Lawyers, 2008 - present

    AV Preeminent® Top Rated Lawyer, Martindale-Hubbell, 2014