Nancy G. Fax, Managing Partner

Nancy G. Fax, Managing Partner

Estate Planning

Estate and Trust Administration

Premarital Agreements

nfax@pasternakfidis.com

T 301.656.8850 Ext. 417

F 301.656.3053

7735 Old Georgetown Road
Suite 1100
Bethesda, MD 20814-6130


Education

B.A., Case Western Reserve University

J.D., Georgetown University Law Center

LL.M in Taxation, Georgetown University Law Center

Bar Admissions

Maryland

District of Columbia

Virginia

Nancy Fax is the firm’s managing partner. She is a tax attorney who concentrates on estate planning and estate and trust administration. In addition, she works in close collaboration with the Firm’s domestic relations attorneys on premarital, post-marital and domestic partnership agreements for traditional and same-sex couples.

A recognized expert in the field of estates and trusts law, Nancy is the former author of Maryland Estate Planning and Probate Laws Annotated (2008-2014) and was the founder and editor for many years of the District of Columbia Estates, Trusts and Probate Law Digest. She is also a frequent speaker at professional and community programs on various estates and trusts topics.

Nancy is an active member of the American College of Trust and Estate Counsel (ACTEC), a highly selective national organization that brings together the top trusts and estates lawyers in the nation. In addition to being a former member of the Executive Committee of the Board of Regents of ACTEC, she is the former Chair of ACTEC’s State Laws Committee and the former State Chair for Maryland. Currently, Nancy serves on ACTEC’s Financial Management Committee, Sponsorship Advisory Committee, Long Range Planning Committee, Nominating Committee and State Laws Committee.

Nancy works closely with her clients to plan their estates in a tax-efficient manner so as to provide maximum benefits to their beneficiaries. According to the Washingtonian, which named Nancy as one of the top 30 attorneys in the metropolitan area, she “has an uncanny ability to untangle confusing technical matters. Her understanding of the law and personalized approach have made her a trusted advisor for couples and families planning their estates.”

Nancy is consistently recognized as a top estates and trusts lawyer and financial planner in lists published by the Washingtonian and Bethesda Magazine. She also regularly receives accolades from publications that rate the most well regarded estates and trusts lawyers in the D.C. area and the nation, including Super Lawyers and Best Lawyers.

Nancy also guides clients through the process of administering estates and trusts after death. With the able assistance of the firm’s estates and trusts paralegals, Nancy handles all aspects of probate, trust administration, the preparation of estate tax returns and estate tax audits.

Nancy says that the field of estates and trusts law is ideal for her because it is both extremely people-oriented and requires a high degree of technical expertise.

“I work with individuals, couples and families (including non-traditional families) and I enjoy helping them achieve their estate planning goals.” In any good estate planning practice, Nancy says, “all the parts need to be coordinated. We worry about the details here. We make sure, for example, that all assets are titled properly and that beneficiary designations on life insurance and retirement accounts are up to date and coordinated with the rest of the estate plan. And, of course, we use our deep tax expertise to effect planning that reduces the client’s exposure to estate, gift, generation-skipping transfer and income taxes. We work closely with the client’s other advisors. In this field, you need to be very aware of the client’s goals at all times and very attuned to the need to collaborate with others in the client’s best interests.”

A 1978 graduate of the Georgetown University Law Center, Nancy also earned an LL.M. in taxation from Georgetown.

  • American College of Trust and Estate Counsel (Financial Management Committee, Sponsorship Advisory Committee, Long Range Planning Committee, Nominating Committee and State Laws Committee; former Executive Committee, former Board of Regents; former Chair of State Laws Committee; former Maryland State Chair; former Membership Committee member)
  • Maryland State Bar Association (Estate and Trust Law Section, Chair, 2005–2006)
  • District of Columbia Bar (Estates, Trusts and Probate Law Section, Chair, 1991-1992); (Section of Taxation, Estate Planning Committee, Vice-Chair, 1997-2000)
  • Virginia State Bar (Trusts & Estates Section, Tax Section)
  • Washington, D.C. Estate Planning Council (1993–present)
  • Montgomery County Estate Planning Council
  • American Bar Association (Section of Taxation)
  • FutureLink: mentoring Montgomery County Community College students (2016–present)
  • Community Foundation for Montgomery County (Board Member 2002–2016; Chair, 2004–2006)
  • Co-Chair of the Professional Advisors Council for the Community Foundation for the National Capitol Region
  • Levine Music (Board of Trustees, 2011-2016)
  • Bethesda-Chevy Chase High School Educational Foundation (Board Member, 2011-2013)

Presentations

  • “Current Local Developments, D.C. Maryland and Virginia,” Advanced Estate Planning Institute, Georgetown University Law Center
  • “Qualified Personal Residence Trusts,” District of Columbia Bar, Section of Taxation, Washington, D.C.
  • “Using and Drafting Trusts in Estate Planning,” Maryland Institute for Continuing Professional Education of Lawyers
  • “Planning for $5 Million to $10 Million Estates,” District of Columbia Bar, Section of Taxation
  • “Uniform Trust Act,” D.C. Estate Planning Council
  • “Practical Drafting Under the New D.C. Uniform Trust Law,” District of Columbia Bar, Section of Estates, Trusts and Probate Law
  • “Estate Planning for the Next Generation(s) of Clients,” Hecklering Institute on Estate Planning
  • “Difficult Clients, Difficult Situations: Practical Ways to Manage Professional Conversations,” American College of Trust & Estate Counsel
  • “Decoupled Estate Tax Exemptions: What’s An Estate Planner To Do?” American College of Trust & Estate Counsel
  • “Ten Things Your State Legislature Should Know About The Uniform Trust Code,” American College of Trust & Estate Counsel

Recognition

  • Super Lawyers – Top 50 Women Lawyers (Washington, DC 2017)
  • Best Lawyers – Lawyer of the Year in Trust and Estates (Washington, DC 2017)
  • Best Lawyers – Trusts & Estates Law (Maryland 2017)
  • Super Lawyers – Top 100 Lawyers; Top 50 Women Lawyers (Maryland 2017)
  • Super Lawyers – Estate Planning & Probate Law (Maryland 2007 – 2017)
  • Chambers & Partners, High Net Worth, Notable Practitioner (2016)
  • Washingtonian – Washington’s Best Lawyers for Trusts and Estates
  • Washingtonian – Top 30 Lawyers in the Washington, D.C. Metropolitan Area
  • Washingtonian – Top Money Advisor for Estate Planning
  • Washingtonian – Top Financial Planners in the Washington, D.C. Metropolitan Area
  • Super Lawyers – Top 50 Women Lawyers; Estate Planning & Probate (Maryland 2016)
  • Bethesda Magazine – Top Wills & Estates Lawyers in Montgomery County
  • The American Lawyer/ The Best Lawyers in America – Trusts & Estates
  • ACTEC Observer, Uniform Law Commission, Premarital and Marital Agreements

Books

Publications

  • “Community Foundation Donor-Advised Funds: Efficient and Effective Charitable Giving,” Maryland Bar Journal
  • “Practical Drafting Under the Uniform Trust Code,” Wealth Strategies Journal
  • “Beyond Traditional: Domestic Partners Can Use Trusts to Fulfill Their Estate-Planning Needs,” Legal Times
  • Editor, District of Columbia Developments, Washington, DC Estate Planning Council Newsletter, 1995–2003

Blog Posts

April 1, 2013

American Taxpayer Relief Act and Estate Planning

The American Taxpayer Relief Act of 2012 (the “Act”), which includes a variety of changes to the Internal Revenue Code, will affect most American taxpayers.  In this article, we will address the key estate tax, gift tax and generation-skipping transfer (GST) tax elements of the legislation.

Prior to passage of the Act, the federal estate tax, gift tax and GST tax laws were scheduled to change dramatically as of January 1, 2013.  For example, although the gift tax exemption was $5,120,000 in 2012, it was scheduled to be reduced to $1,000,000 in 2013. The gift tax rate (for amounts above the exemption) was a flat 35% in 2012, but was scheduled to revert to a graduated tax with a top rate of 55% in 2013…. MORE >