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Cheryl has extensive experience working with business owners and individuals on minimizing taxes, with a focus on succession planning. With a thoughtful approach, Cheryl helps clients explore their long-term goals and plan accordingly. Leveraging Cheryl’s expertise in this area, the goal is to implement plans that achieve the wishes of the client and provide for tax-efficient transitions. Cheryl’s passion for working with corporations and individuals has allowed her to become a trusted business advisor. She has worked with clients not only in the Western New York region but also throughout the country. The breadth of this experience has allowed her to collaborate with other professional advisors to ensure that plans are flexible and innovative in the ever-changing world in which we live. Cheryl started her career with the Firm in 1991 and rejoined in 2019 adding additional strength to the tremendous talent of the Lumsden McCormick tax team.
University of New York at Buffalo, Bachelor of Science, Accounting and Finance
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
Exit Planning Institute® (EPI), Certified Exit Planning Advisor (CEPA)
Financial Planning Counselors of Western New York, former President
Estate Analysts of Western New York, Member, former President
Western New York Planned Giving Consortium, former Treasurer
Community Foundation for Greater Buffalo, Treasurer, Professional Advisor Council
East Hill Foundation, Treasurer
Frank Lloyd Wright’s Martin House, Board Member
Harvest House Ministries, Treasurer, Former Board Chair
Family business owners benefit from having both an estate plan and a succession plan to ensure a smooth transition of assets and leadership. These strategies help preserve wealth, minimize taxes, and reduce potential conflicts among heirs, while supporting the financial needs of both generations.
The One, Big, Beautiful Bill Act permanently raises the federal gift and estate tax exemption to $15 million per individual, providing long-term clarity for estate planning. High-net-worth individuals can now implement strategies like SLATs and SPATs to reduce estate tax exposure while maintaining access to their wealth. These tools offer flexibility and protection, making them valuable components of a modern estate plan.
An Employee Stock Ownership Plan (ESOP) offers a strategic way for closely held business owners to transition ownership while preserving wealth and minimizing taxes. By selling company stock to an ESOP, owners can gain liquidity, retain control, and create a valuable employee benefit, all within a tax-advantaged structure. However, the benefits must be weighed against setup and ongoing administrative costs.
This event is designed to help you understand and apply the sweeping changes introduced by the One Big Beautiful Bill (OBBB), and how these developments may influence your financial planning, tax strategy, and business operations.
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Register today to attend our 2025 Recruitment Open House!
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