Lawyers & Professionals

Firm Overview

Instead of trying to be everything to everybody, we’ve made a name for ourselves by delivering what our clients need most: in-depth, hands-on legal counsel throughout the financial services sector — and beyond.

Get to know us

Firm News

There’s a lot going on at Schulte — we’re wrapping up high-profile matters, welcoming talented new lawyers, speaking on issues that affect our clients, and more.

Read all about it

Pro Bono

Throughout our history, Schulte has provided comprehensive pro bono services to local and national nonprofit organizations. Today, we serve more than 50 nonprofits and work to advance a variety of social justice causes.

Learn more

Diversity and Inclusion

Inside the firm, we work hard to attract diverse, talented lawyers and encourage their career growth and advancement. And outside the office, we’re active in volunteer drives and local initiatives that support women and minorities’ professional success.

See what we’re up to


If you’re a current or former Schulte lawyer, join our Alumni Network on LinkedIn to stay connected with old friends, make new contacts, and share your successes, ideas and insights.

Stay in touch

Social Responsibility

We take doing “good work” seriously — whether we’re talking about our high ethical standards or the way in which we foster a positive and inclusive culture for our personnel and support local communities.

See how we work


  • New York

    • 919 Third Avenue
    • New York, NY 10022
    • United States of America
      • +1 212.756.2000 Phone
      • +1 212.593.5955 Fax
  • Washington, D.C.

    • 1152 Fifteenth Street, NW, Suite 850
    • Washington, DC 20005
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
  • London

    • One Eagle Place
    • London SW1Y 6AF
    • United Kingdom
      • +44 (0) 20 7081 8000 Phone
      • +44 (0) 20 7081 8010 Fax

The Tax Cuts and Jobs Act, introduced by the House Committee on Ways and Means Chairman Kevin Brady on Nov. 2, 2017, proposes substantial changes to the federal gift, estate, and generation-skipping transfer taxes and the charitable income tax deduction limit imposed under existing law. 

The proposed legislation has not yet been voted on by Congress. If the Tax Cuts and Jobs Act were to be enacted in its present form, transfer tax laws would change as follows:

  • Beginning Jan. 1, 2018, the amount of each person’s (i) exemption from federal gift and estate taxes and (ii) exemption from federal generation-skipping transfer tax would double. Such exemption amounts would rise from the $5.6 million per person scheduled under existing law to $11.2 million per person (indexed for inflation in the future).
  • The federal estate tax would be eliminated with respect to the estate of any person who dies on or after Jan. 1, 2024. Until that date, federal estate tax would continue to be imposed on certain estates at a maximum rate of 40 percent.
  • The federal gift tax would be retained, but beginning Jan. 1, 2024, the maximum rate of federal gift tax imposed on certain gifts would be reduced to 35 percent.
  • No changes would be made to an existing provision of law that permits a so-called “stepped-up basis” in certain assets inherited by beneficiaries upon the death of a decedent. (The stepped-up basis operates to eliminate unrealized capital gains attributable to assets included in a decedent’s estate.)

In addition, under existing law, a person may not deduct for income tax purposes the amount of her or his cash contributions to public charities and certain other charitable organizations to the extent such contributions exceed 50 percent of her or his adjusted gross income (without regard to net operating loss carrybacks). Under the proposed legislation, beginning Jan. 1, 2018, this limitation would increase from 50 percent to 60 percent, and the current five-year carryover period would be retained.

Please contact your attorney at Schulte Roth & Zabel at your earliest convenience if you wish to discuss the proposed legislation.

This information has been prepared by Schulte Roth & Zabel LLP (“SRZ”) for general informational purposes only. It does not constitute legal advice, and is presented without any representation or warranty as to its accuracy, completeness or timeliness. Transmission or receipt of this information does not create an attorney-client relationship with SRZ. Electronic mail or other communications with SRZ cannot be guaranteed to be confidential and will not (without SRZ agreement) create an attorney-client relationship with SRZ. Parties seeking advice should consult with legal counsel familiar with their particular circumstances. The contents of these materials may constitute attorney advertising under the regulations of various jurisdictions.