Steven J. Fromm

Steven J. Fromm

Steven J. Fromm & Associates, P.C.
  • Tax Law, Estate Planning, Probate ...
  • Pennsylvania
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Biography

Steven J. Fromm has been admitted to practice law in Pennsylvania since 1977. In addition to his law degree, he holds a doctorate of law degree, called an LL.M. in taxation, from the NYU Graduate Division School of Law received in 1977.

He became a C.P.A. in 1981 and is a member of the American Institute of Certified Public Accountants. From 1977 to 1981, he served as legal tax counsel for tax departments in Big 8 and regional accounting firms.

Since 1983, he has been admitted to practice tax law before the U.S. Tax Court.

Since 1981, he has practiced exclusively as an attorney and has concentrated his practice primarily in the areas of estate planning and estate administration, trust matters, including the use of marital deduction and unified credit trusts, irrevocable trusts, charitable trusts, family limited partnerships.

In addition to his estates practice, he also provides legal services involving individual, corporate and partnership tax planning, business acquisitions and sales.

His legal practice provides tax counsel and representation before the Internal Revenue Service, the Pennsylvania Department of Revenue, the City of Philadelphia, and other tax authorities. In addition, he provides income tax planning and preparation for individuals, trusts, corporations, partnerships and other business entities.

His practice also focuses on retirement planning, retirement plan drafting and administration, and charitable planning.

Education
New York University School of Law
LL.M. | Taxation
New York University School of Law Logo
The John Marshall Law School
J.D. | Law
The John Marshall Law School Logo
Syracuse University
B.A. | Psychology
Syracuse University Logo
Professional Experience
AV Rated Tax, Estates and Trusts Attorney
Steven J. Fromm & Associates, P.C.
- Current
Tax representation before the Internal Revenue Service, the Pennsylvania Department of Revenue, the City of Philadelphia, and other tax authorities. Income tax planning and preparation for individuals, trusts, corporations, partnerships and other business entities. It is his firm's philosophy that building personal relationships with each client is the key to rendering legal services successfully. Carefully listening to them about their particular tax or business situation or their individual goals for their family as it relates to their estate plan is imperative to successfully implementing and drafting the proper legal documents. Steven J. Fromm has been and continues to be committed to providing close, personal and individualized attention to each of his clients. He takes pride in giving them the assurance that the individualized personal assistance they receive from him comes from years of legal and tax training, practical experience and the never-ending study of law.
Tax and Estates Attorney, CPA
Margolis & Company
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Tax and Estates Attorney, CPA
Touche Ross & Company
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Tax and Estates Attorney
Deloitte & Touche
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Publications
Articles & Publications
Failing to Update Retirement Plans - How to Avoid IRS Plan Disqualification & Penalties by Using VCP
Blog and Ezine Publications and Living Trust Network
Michael Jackson and Farrah Fawcett: Estate Plan Wake Up Call
Blog, Living Trust Network, Ezine Publications
Silver Lining of a Bad Economy-Gifting of Shares of Stock in a Closely Held Business
Blog, Fizz Law and Ezine Publications and The Exit Planning Advisor
Gifting Shares In A Closely Held Business
Journal of Accountancy
Speaking Engagements
Federal Estate and Gift Taxation, Federal Estate and Gift Taxation, Philadelphia PA
All day lecture on estate and gift tax planning
Family Limited Partnerships, Bucks County Association of CPA Seminar, Trevose, PA
Bucks County Association of CPA Seminar
Seminar exploring the tax advantages of the family limited partnerships, along with due diligence and drafting considerations.
Legal & Tax Implications of Various Business Entities, Legal & Tax Implications of Various Business Entities, Willow Grove, PA
Seminar discussing choice of various business entities, exploring tax and practical implications.
Certifications
Certified Public Accountant
Commonwealth of Pennsylvania - Department of State
Awards
Best Estate Planning Attorney 2021 – Philadelphia – the USA.
Wealth & Finance International
Corp Today Magazine, selected Steven J Fromm & Associates, PC in the 2021 Wealth & Finance Awards category as the Best Estate Planning Attorney 2021 – Philadelphia – the USA. Corp Today is recognized as the Best Business Magazine in the world for enterprises.
AV Preeminent Peer Review Rated Attorney
Martindale Hubbell
This award indicates the highest possible rating in both legal ability and ethical standards. The AV Preeminent peer rating is the pinnacle of excellence earned through a strenuous peer review rating process that is managed and monitored by the world’s most trusted legal resource, Martindale Hubbell. See my profile and the “AV Preeminent” peer review rating.
AV Preeminent Peer Review Rated Attorney
Martindale Hubbell
The Three Best Estate Planning Lawyers in Philadelphia
Three Best Rated
The Three Best Tax Lawyers in Philadelphia
Three Best Rated
AV Rated Attorney
Martindale Hubbell
The Three Best Estate Planning Lawyers in Philadelphia
Three Best Rated
The Three Best Tax Lawyers in Philadelphia
Three Best Rated
AV Rated Attorney
Martindale Hubbell
2018 BEST TAX LAW FIRM IN PHILADELPHIA
PHL CHANNEL 17 IN PHILADELPHIA
Best Estate Planning Attorney 2018 - Philadelphia
Wealth & Finance International
AV Rated Attorney
Martindale Hubbell
Best Estate & Tax Attorney 2017 - Philadelphia
North American Excellence Awards 2017
AV Rated Attorney
Martindale Hubbell
AV Rated Attorney
Martindale Hubbell
AV Rated Attorney
Martindale Hubbell
AV Rated Attorney
Martindale Hubbell
5 Star Wealth Manager
Crescendo Publications/Philadelphia Magazine
AV Rated Attorney
Martindale Hubbel
AV Rated Attorney
Martindale Hubbell
2011 Awesome Attorney
Suburban Life Magazine
Mr. Fromm was cited in the November 2011 issue of Suburban Life Magazine as part of a group of lawyers named as 2011 Awesome Attorneys. Suburban life conducted a readers poll and partnered with Avvo, Inc., a Seattle based company that rates and profiles attorneys nationwide, to spotlight the region's top attorneys. He was the featured tax attorney one of five attorneys named in the tax attorney category. He was also named as one of seven attorneys named in the Business Law category of Attorney-Readers' Choice award.
AV Rated Attorney
Martindale Hubbell
5 Star Wealth Manager
Crescendo Publications/Philadelphia Magazine
2010 Awesome Attorney
Suburban Life Magazine
Mr. Fromm was cited in the November 2010 issue of Suburban Life Magazine as part of a group of lawyers named as 2010 Awesome Attorneys. Suburban life conducted a readers poll and partnered with Avvo, Inc., a Seattle based company that rates and profiles attorneys nationwide, to spotlight the region's top attorneys. He was one of nine attorneys named in the estate planning law category.
5 Star Wealth Magazine
Crescendo Publications/Philadelphia Magazine
He has been awarded a FIVE STAR: BEST IN CLIENT SATISFACTION WELATH MANAGER in the November 2009 and November 2010 Philadelphia Magazine. Philadelphia magazine contacted an independent market research company, Crescendo Business Services, to administer a rigorous "Best in Client Satisfaction" research process to identify the Five Star Wealth Managers. The research process adheres to the guidelines established within the Investment Advisors Act of 1940 regarding third party recognition. More than 100,000 high net worth consumers and 7,400 financial services professionals were asked to evaluate wealth managers in the Philadelphia area. For 2010, less than 2% (523 out of more than 15,000) of wealth managers (defined by the survey to include attorneys, tax advisers, financial advisers, accountants, etc.) in the Philadelphia area were honored. The survey asked recipients to judge and evaluate only those wealth managers known through personal experience based on nine criteria: customer service, integrity, knowledge/expertise, communication skills, value for fee charged, meeting financial objectives, post service follow up, quality of recommendations or plan developed, and overall satisfaction. Wealth managers pay no fee to be included in the research process and cannot influence the selection process.
19 Best Philadelphia Probate Attorneys - 2018
Expertise
Jurisdictions Admitted to Practice
Pennsylvania
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United States Tax Court
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Fees
  • Credit Cards Accepted
Practice Areas
    Tax Law
    Business Taxes, Estate Tax Planning, Income Taxes, International Taxes, Payroll Taxes, Tax Audits, Tax Planning
    Estate Planning
    Trusts, Wills
    Probate
    Probate Administration
    Business Law
    Business Formation, Mergers & Acquisitions
Additional Practice Areas
  • Tax Preparation
  • FOREIGN TAXATION: FBARS, STREAMLINED SUBMISSIONS, RELATED TAX PREPARATION
Languages
  • English: Spoken, Written
Legal Answers
Q. case law regarding a will that sets money in a trust for grandchildren & the grandchild dies before receiving said money
A: Fellow attorney Cherewka offers sound advice. Understand that a trust's terms and provisions are what the trustee must follow. If the trust terms and provisions require the payment to the surviving grandchild, that is what the trustee must do. He has no discretion to do anything else and if he does not follow the terms of the trust, he breaches his fiduciary duty and can be sued for such violation. To be sure, you must have an estate planning attorney review the trust document.
Q. My father in law died in Oct. He owned a home had a life insurance policy and a union pension. No will help?
A: My fellow attorneys here offer sound advice. The only point to add is that due to Covid -19 many of the Register of Wills offices have either special or emergency procedures for getting an estate probated. You should probably retain an estates attorney to assist you.
Q. Questions about selling an inherited house
A: Attorney Oakley offers sound advice regarding the estate administration process. From a tax perspective, you want to value the real estate at its true value at the date of death. You will have this as your basis for purposes of selling the property. This is the so-called " step up" in basis to the date of death value. So if the property is valued at $100,000 and you sell it later for $105,000, you would report a $5,000 long term capital gain.
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Websites & Blogs
Website
STEVEN J FROMM & ASSOCIATES, PC
Blog
Philadelphia Estate and Tax Attorney Blog
Contact & Map
Steven J Fromm & Associates, PC - AV Rated Tax, Estates and Trusts Lawyer
1420 Walnut Street
Suite 300
Philadelphia, PA 19102
Telephone: (215) 735-2336
Monday: 9 AM - 5 PM
Tuesday: 9 AM - 5 PM
Wednesday: 9 AM - 5 PM
Thursday: 9 AM - 5 PM
Friday: 9 AM - 5 PM
Saturday: Closed
Sunday: Closed (Today)
Notice: Virtual meetings can be arranged to suit clients' needs and availability
Steven J. Fromm & Associates, P.C. -- AV Rated Tax, Estates and Trusts Lawyer
Montgomery County
FORT WASHINGTON, PA 19034
Telephone: (215) 283-3137
Monday: 9 AM - 5 PM
Tuesday: 9 AM - 5 PM
Wednesday: 9 AM - 5 PM
Thursday: 9 AM - 5 PM
Friday: 9 AM - 5 PM
Saturday: Closed
Sunday: Closed (Today)
Notice: Virtual meetings can be arranged for clients at their convenience.