Alison Schrag

Alison Schrag is a partner at Sherman Atlas Sylvester & Stamelman LLP, where she focuses her practice on trusts and estates planning and administration. She works closely with families and individuals to help them manage a range of trust and estate issues, including contested account proceedings and other related proceedings. The firm operates in New York and New Jersey, providing services that encompass estate planning and administration, corporate law, internal investigations, banking and financial services, litigation, and tax planning. With nearly twenty years of experience, she is admitted to practice in both New York and New Jersey. She began her career as a litigation associate, representing financial institutions and corporate trustees in complex commercial and fiduciary proceedings. Before joining her current firm, she was a partner at a New York-based trust and estate practice, where she gained extensive experience advising families, entrepreneurs, and fiduciaries. In that role, she worked closely with her clients to develop long-term estate planning strategies and represented them in contested proceedings as necessary. Alison Schrag of New York works with families, entrepreneurs, and owners of closely held or mid‑sized businesses to design and implement tailored estate and trust planning strategies. She focuses on creating strategies that reduce tax burdens, enable orderly distribution of assets, and anticipate potential issues related to incapacity. By ensuring her clients understand their options, she guides them toward decisions that align with their long-term objectives and personal priorities. Her clients range from first-generation entrepreneurs and family-owned businesses to those with charitable interests or cross-border planning needs. She has significant experience representing executors, trustees, personal representatives, and beneficiaries in contested proceedings, including contested accountings and contested kinship hearings. In contested kinship proceedings, she guides families through the process of presenting genealogical evidence and testimony to establish their rightful inheritance. In every matter she handles, she strives to protect her client’s interests and assist them in navigating the complexities of trust and estate proceedings with clarity and care. Alison Schrag is a trusted voice in the area of trust and estate planning. She is often invited to speak to wealth advisory firms and their clients on topics such as core estate planning strategies, federal and state tax considerations, advanced planning for high-net-worth families, and succession planning for family-owned businesses. She earned her BA from Colgate University, graduating with honors, and her JD from Brooklyn Law School, where she served as an editor of the Brooklyn Law Review and was a member of the Moot Court Honor Society. She has dedicated time to charitable efforts, serving as a crisis counselor and supporting food pantries and coat drives throughout New York. She lives in New York with her husband and two sons and spends her free time traveling, hiking, running, and volunteering.