+1 760.340.4277 customerservice@myfinancialcoach.com

Stevens & Lee

Jay R. Wagner

Jay is Co-Chair of the Estates and Trusts Practice Group at Stevens & Lee, an affiliated company of SES ESOP Strategies. He concentrates his practice in estate and trust planning and administration, wealth preservation, trust and estate litigation, charitable and nonprofit organizations, and guardianship matters.

Jay is experienced in advising high net worth clients in all aspects of estate planning, including business succession planning, , use of insurance to facilitate business transition and other planning objectives, GRATS, QPRTS, defective grantor trusts and other leveraged strategies to minimize estate, gift and generation-skipping taxes, charitable trusts and other charitable giving techniques, and pre and post marital agreements. Jay routinely advises clients about creditor and other threats to their wealth preservation goals, how various common forms of asset ownership and estate planning strategies might reduce or enhance such threats and how use of asset protection trusts and other tools can help clients preserve the wealth they have worked hard to accumulate.

In addition to planning and administration, Jay has substantial experience in fiduciary litigation, including will and trust contests, power of attorney matters, and fiduciaries surcharge actions. He regularly consults with corporate and other fiduciaries regarding complex administration decisions with a view toward avoiding litigation, negotiates and documents non-judicial agreements to address such issues, secures court approval of such arrangements where necessary or advisable, and represents clients in contested litigation regarding such matters. He is a regular author for and member of the Pennsylvania Bar Institute’s Litigating in Orphans’ Court panel.

He is also highly experienced in the application of Pennsylvania’s cy pres doctrine as it applies to disposition of assets in transactions involving nonprofit health care and other charitable institutions in Pennsylvania. He has applied this expertise in the context of acquisition of nonprofit entities by for-profit entities, as well as sales of assets and other transactions by nonprofit entities.

In his representation of the Pennsylvania Higher Education Assistance Agency (PHEAA), Jay was responsible for securing IRS approval of an exempt foundation to facilitate the securitization of $2 billion in student loans. He also assisted St. Agnes Medical Center (Mercy Health System of Southeastern Pennsylvania) in securing approval from the Philadelphia Orphans’ Court for the distribution of charitable trust assets in connection with the sale of certain hospital assets to Thomas Jefferson University Hospitals and Temple University Health System in its affiliation with Fox Chase Cancer Center.

Jay has also applied his knowledge of Pennsylvania law and procedures regarding charitable trusts, and his relationships with charities and appropriate state officials, to assist corporate trustees in the termination of more than 300 small charitable trusts, which trusts are not efficient to administer and present unnecessary costs to both the fiduciaries and the beneficiaries.

Jay serves as counsel for a number of charitable organizations, advising them about charitable trust law, nonprofit corporate matters and federal tax law and regulations concerning exempt, charitable organizations. He has significant expertise in rules regarding distribution and expenditure of charitable funds, associated excise taxes and penalties imposed on an organization and its officers and directors for inappropriate activities, and the regulation of donor advised funds.

He has a J.D., magna cum laude¸ from Villanova University School of Law and a B.B.A., magna cum laude, from Temple University.

Heather Eshelman McCusker

A Shareholder with Stevens & Lee, an affiliated firm of SES ESOP Strategies, Heather is co-head of the firm’s New Jersey Estates and Trusts practice. She concentrates her practice in wealth planning, estates and trusts, advising individuals, families, business owners and fiduciaries in matters including estate planning, trust and estate administration, taxation, strategic planning for generational wealth transfer, business succession planning, guardianships, probate, contested estates, tax controversies on the federal and state levels, and charitable planning.

Heather is a frequent lecturer on a broad range of tax, trust, estate and probate topics and presents before community and professional education organizations for accountants, financial planners and advisers, attorneys and insurance professionals. She served as a judicial clerk for the Honorable Paulette M. Sapp-Peterson, P.J.Cv., New Jersey Superior Court. While in law school, Heather was an editor of the Syracuse Journal of International Law and Commerce.

She has a J.D. from Syracuse University College of Law and a B.A., cum laude, from Villanova University.