Edward F. Smith III, JD, is a principal in the Tax and Accounting Department at MBAF in the Private Client Wealth Services Group. Ed has a diverse financial background acquired in over 25 years of varied experience. Prior to joining MBAF, he was associated with a national accounting firm, served in various capacities for the trust, estate planning and administration, tax, investment, and compliance areas of major financial institutions, and was a practicing tax and estate planning lawyer in Connecticut and Florida.
His practice is concentrated in the areas of individual, partnership, fiduciary, estate, gift and generation skipping transfer tax planning with an emphasis on representing wealthy families, closely held entities, athletes, and entrepreneurs. Ed provides comprehensive wealth transfer strategies, tax planning, entity structuring, asset protection, and the compliance services related thereto. Ed represents non-profit entities, and counsels clients on their philanthropic goals, including the specific tax implications of private foundations, charitable trusts, and other sophisticated planned giving structures.
Ed has also been a frequent speaker at seminars on various tax, financial, and estate planning topics, and has served on the editorial advisory board for a national estate planning publication. He has been a speaker for the FICPA, regional and national ABA conferences, and the Florida Attorney/Trust Officer Liaison Conference, among others.
Connecticut State Bar Association
East Coast Estate Planning Council
The Florida Bar
New York State Bar Association
Palm Beach Estate Planning Council
South Palm Beach County Bar Association
United States Tax Court
America Red Cross – South County Advisory Board Member
Boca Raton Historical Society – Board Member
Boca Raton Museum of Art – Professional Advisory Committee
Greater Boca Raton Chamber of Commerce – Trustee Member
Humane Society of Broward County – Financial and Special Gifts Committees
Leaders in Furthering Education (LIFE) – Board Member
Leukemia and Lymphoma Society – South Palm Beach County Advisory Board
State of Israel Bonds Corporation – Advisory Board Member
American Heart Association – Past Chair, SPB County Heartwalk
Quinnipiac University School of Law – Juris Doctor
St. Bonaventure University – Bachelor of Business Administration in Accounting
On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act. Ever since then, politicians and pundits alike have been offering their opinions on the implications of the sweeping tax reform legislation. The experts at MBAF have bee ...
The article “Is your employer’s retirement plan getting less attractive?” explains why the new TCJA devalues putting money into traditional tax-deferred plans and favors Roth versions. Does the same reasoning apply to conversions fr ...
For a variety of estate planning and asset management purposes, many affluent families hold their assets in trusts, family investment vehicles or charitable foundations. If assets held in this manner include interests in hedge funds, private equity f ...