Broker Check
Michael J.  Gorman, JD, CPA, CLU, ChFC

Michael J. Gorman, JD, CPA, CLU, ChFC

Legal Advisor

Mike has prepared reviewed and presented a multitude of financial, estate and investment plans for clients over the last 30 years. His ability to utilize legal, tax and financial products as solutions to personal and business problems make him unique in the industry.

 

As an attorney he has reviewed and drafted a myriad of Wills, Trusts and related documents to accomplish his clients' objectives. The creation of Grantor retained annuity trusts (GRAT) Qualified Personal Residence Trusts (QPRT) Dynasty trusts , Charitable Foundations are onmly some of the tools used in his practice. Creation of various entities such as LLC's or Family Partnerships and related operating agreements including shareholder agreements addressing executive compensation arrangements are frequently necessary to create an effective plan to meet client and business objectives.

 

Experienced in Estate administration, he is well versed in the reduction of Federal and State estate and income tax for his clients and includes ancillary documents to meet client needs.

 

He has taught the basic Wills course to new attorneys entering the New Jersey Bar. As an independent practitioner he can be objective as to product selection and financial tools available.

 

As founder of Essex Capital Advisors, he utilizes tactical quantitative analysis to design investment strategies to help clients reach their financial objectives. The current economic climate demands a flexible macro economic approach to help clients achieve their objectives to successful retirement accumulation, distribution and estate planning.

 

Mike is a member of the New Jersey State bar Association (Trusts and Estates Division), a member of the American Institute of Certified Public Accountants, New Jersey Society of CPA's, is a Chartered Life Underwriter (CLU) and a Chartered Financial Consultant (ChFC). He has lectured at New Jersey's Institute for Continuing Legal Education (ICLE), and has taught as an Adjunct Professor in the CFP program at Fairleigh Dickinson University. He has been a guest speaker on several radio and cable television shows in the New York Metropolitan area.

 

A graduate of Lafayette College with a BA in Economics, Mike also graduated from Seton Hall University School of Law with a Juris Doctor (JD) degree.

*Michael J. Gorman is unaffiliated with Redwood Wealth Advisors and HTK.