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Claire E. Toth, Counsel

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Practice Areas:

  • Estate Planning
  • Taxation

Biography

Claire has focused her career on privately held businesses and individuals.  In this capacity, her practice has run the gamut from business formation to retirement plans to estate planning.

Claire also serves as Vice President of Point View Wealth Management, Inc., a Summit Registered Investment Advisory firm.  In that role, she heads up financial planning services for individuals and families.  She has held that position since 1999.

Prior to moving to New Jersey, Claire spent twelve years in the Office of IRS Chief Counsel, where she oversaw rulings and regulations for partnerships, S corporations, estates, and trusts.  She also spent a number of years in private practice.

Claire is a graduate of the University of Chicago, where she was admitted to Phi Beta Kappa, and the University of Chicago Law School.  She received her Master of Laws in Taxation from Georgetown University.  Claire has published scholarly articles on partnership allocations, asset preservation, and bankruptcy.  She contributes quarterly to Point View Investor, which is reprinted in the local press.

Claire strongly believes in giving back to the Summit community and beyond.  Claire is Treasurer Summit Downtown, Inc., Assistant Treasurer of SAGE Eldercare, and Secretary of the Summit Historic Preservation Commission.  She sits on the finance committees for Family Promise, St. Teresa of Avila Parish, and Impact 100 Garden State.

Education

  • University of Chicago Law School, Chicago, Illinois
    • J.D. - 1982
  • Georgetown University Law Center, Washington, District of Columbia
    • Master of Law in Taxation - 1987
  • University of Chicago, Chicago, Illinois
    • B.A., Bachelor of Arts - 1980
    • Honors: With High Honors
    • Honors: Dean's List
    • Honors: Phi Beta Kappa

Bar Admission

  • Illinois, 1982
  • New Jersey, 1996
  • U.S. Supreme Court, 1990
  • U.S. Tax Court, 1986

Community Service

  • Board Member and Treasurer, Summit Downtown, Inc., 2017 to Present
  • Board Member and Finance Committee, SAGE Eldercare, 2017 to Present
  • Commissioner and Secretary, Summit Historic Preservation Commission, 2012 to Present
  • Finance Committee Member, Family Promise and St. Teresa of Avila Parish
  • Grants Committee Member, Impact 100 Garden State
  • Co-Authored New Jersey legislation permitting single-member LLCs
  • Former VP Finance, Summit Educational Foundation
  • Former Treasurer & VP, Summit BPW
  • Past President, Summit Bar Association
  • Alumna interviewer, University of Chicago
  • Committee Member, Overlook Foundation and Family Promise Galas
  • Course volunteer, LPGA & PGA Golf Tournaments
  • Member, Architectural Review Commission of Cleveland Park Historic District, Washington DC, 1992 to 1996

Published Works

  • Nonrecourse Debt in Excess of Fair Market Value and DIsappearing Basis: The Partnership Paradox, The Tax Lawyer, Fall, 1996
  • Here There Be Dragons: The Uncharted Territory of One-Member LLCs in Bankruptcy, Journal of Limited Liability Companies, Winter, 1996
  • The Family Limited Partnership Under Siege, Taxation for Accountants, December, 1997
  • Limited Partnerships vs. Limited Liability Companies: A Comparison for Asset Protection Purposes, Journal of Asset Protection, September/October, 1998
  • Quarterly articles for Point View Investors, 1996

Past Positions

  • Herold and Haines, P.A., Of Counsel, 1996 to 1999
  • IRS Chief Counsel, Branch Chief, Passthroughs and Special Industries, 1984 to 1996
  • Holleb & Coff, P.C., Associate, Tax Department, 1982 to 1984