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Richard M. Goldstein

Partner, Tax & Private Wealth Group Chair
305-350-2371
Area of Focus: Tax
"He is thoroughly well-versed in his specialty and never short of sensible and sound proposals." - Chambers USA source
GET TO KNOW Richard
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. 
EXPERIENCE
EXPERIENCE
Counsel to a local real estate developeron estate planning matters. Client's estate planning situation is highly complex because heowns one of the largest private art collections in Miami, which is alsothe largest componentof hisestate in terms of dollar value. The collection ofcontemporary and mode...
EXPERIENCE
Advised on tax controversy matter in litigation involving the separation of nearly 20 Florida real estate properties valued at almost $1 billion. Representation included an analysis of the amount of built-in gain for each property, as well as the tax characterization and the allocation of settlement...
EXPERIENCE
Representation of the owner of one of the largest online mortgage brokerage businesses in the United States, which includesassistingwith tax planning strategies in order to reduce income in the hundreds of millions of dollars. Advising owner on thetransfer of large interests in his company and itsaf...
EXPERIENCE
Handled the tax-related work fora hotel-focused private investment firm thathas five large hotels valued at approximately $730 millionin its portfolio. Work included structuring hotelacquisitions in a tax efficient manner throughjoint venture agreements, and negotiating with a fund from Brazil alsoi...
EXPERIENCE
Assisted a high-net-worth client inrestructuring the ownership of hermajority interest in several accountable care organizations (the "ACOs") with respect to her long term estate tax planning. The restructuring ensuredthatthe client owned both voting and non-voting membership interests in each of th...
EXPERIENCE
Assisted with the acquisition and financing of three large hotel properties, two in Orlando and one in Milwaukee for operator with approximately $500 million worth of hotel properties. Advised on structuring acquisitions in a tax efficient manner including joint venture agreements and negotiating wi...
INSIGHTS
CREDENTIALS
  • 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
    Texas
  • 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