David Pratt

Career

David Pratt is Chair of Proskauer's Private Client Services Department and head of the Boca Raton office. His practice is dedicated exclusively to the areas of trusts and estates, estate, gift and generation-skipping transfer, fiduciary and individual income taxation and fiduciary litigation. He has extensive experience in estate planning and post-mortem tax planning.

David’s clients consist predominantly of high net worth individuals and families. He regularly counsels his clients regarding how to transfer wealth from generation to generation with the least amount of tax and the maximum amount of asset preservation at each generation, including protection for a divorcing child or grandchild and from potential creditors. While many of David’s clients are retired, he also represents a significant amount of business owners. He has recommended and implemented many plans which have transferred ownership of business interests to the next generation with minimal transfer tax cost and without disruption of the family business. Such plans very often include recommendations resulting from the family dynamics involved with a family business.

Professional Memberships

David is a Fellow in the American College of Trust & Estate Counsel, has served on its Board of Regents and was the first Chair of the New Fellows Steering Committee. He is an adjunct professor at both the University of Miami Law School and the University of Florida's Levin College of Law, in their LL.M. programs. David also is a faculty member of the American Law Institute-American Bar Association. He is a commentator on Leimberg Information Services Inc., a well-known estate planning newsletter, circulated to many estate planning professionals across the country. He has published various articles in legal journals, and lectures extensively to other lawyers, professionals, and laypersons.