Michal Lipshitz, Esq. is a Senior Associate attorney at Burner Prudenti Law, P.C. She joined the Manhattan office in 2017, concentrating her practice in Elder Law, Estate Planning and Medicaid.
In 2024, for the fifth consecutive year, Michal was named a Rising Star attorney for the New York Metro area by Super Lawyers, Thomson Reuters publication. Each year, no more than 2.5 percent of the lawyers in the state receive this honor.
She was also recognized as a 2025 The Best Lawyers in America: Ones to Watch for Elder Law and Trusts & Estates in New York, NY for the second consecutive year.
Michal Lipshitz earned her Juris Doctorate degree from Hofstra University School of Law where she was a clinician in the Mediation Clinic, and a member of the Jewish Law Student Association and the Sports and Entertainment Law Society. During law school, Michal completed an externship with Judge Esther Morganstern at the Kings County Supreme Court, Integrated Domestic Violence Division and interned at various law firms that specialized in Family Law and Trusts and Estates Law.
Michal is a member of the New York City Bar Association and the New York State Bar Association. She is admitted to practice law in the State of New York. Since being admitted, she has worked as a Trust and Estates attorney, specializing in trust and estate administration, including court appearances, and assisted in estate planning and tax matters.
Michal currently lives in New York City. In her free, time she enjoys bike riding, traveling, reading and attending social events.
In today's diverse society, the definition of a “typical” family has evolved far beyond the traditional model of two spouses and their joint children. Blended families, long-term partnerships with children from previous relationships, and single-by-choice parents are now common.
Many traditional rights having to do with health care, taxes, and inheritance do not apply to unmarried couples, making estate planning even more important.
An Irrevocable Life Insurance Trust, often referred to as an ILIT, is an estate planning tool that can help reduce, if not eliminate, an estate tax due at your death.
There are many types of irrevocable trusts, but by far the most common is the Medicaid Asset Protection Trust. The main benefit of the trust is protecting assets for purposes of qualifying for Medicaid long-term care. By transferring assets to an irrevocable trust, one can reduce their available assets for Medicaid eligibility. Check out our latest blog post to learn more about Medicaid Asset Protection Trust.
An Irrevocable Life Insurance Trust, often referred to as an ILIT, is an estate planning tool that can help reduce, if not eliminate, an estate tax due at your death. It is a common misconception that life insurance is not part of one's taxable estate at death. So long as you remain the owner of the policy, the death benefit value will be included in your estate at death. By moving the policy to an ILIT, the trust takes ownership of the policy, and the policy's value is out of your taxable estate. Learn more here: https://burnerlaw.com/blog/do-i-need-an-irrevocable-life-insurance-trust-if-i-own-a-life-insurance-policy/
