Overview
Kimon P. Karas is a Principal at McCarthy Lebit. He is certified by the Ohio State Bar Association as a Specialist in Federal Taxation Law and is recognized as one of the leading authorities on tax law and wealth preservation. He is often sought out by both his peers and the media to dissect, analyze, and interpret the myriad of issues arising in the distribution of large estates. Kimon also has extensive legal expertise in corporate, general business, and partnership law.
Kimon is a frequent lecturer on the topics of federal, state, and local taxation, as well as estate planning. He served an adjunct professor of law in taxation at Case Western Reserve University School of Law.
Kimon was named the Best Lawyers® 2015 Cleveland Trusts & Estates “Lawyer of the Year” and has been listed in Best Lawyers from 2007-2024. He has been recognized by Ohio Super Lawyers® as ranked among the “Top 50 Cleveland” by Ohio Super Lawyers® from 2005-2015.
Awards
- Ohio Super Lawyers®, 2004-2023
- Ohio Super Lawyers®, “Top 50 in Cleveland,” 2005-2015
- The Best Lawyers in America©, 2007-2024
- The Best Lawyers in America©, “Lawyer of the Year,” Trusts & Estates, Cleveland, 2015
- Martindale-Hubbell® Peer Review Rating of AV® Preeminent™
Affiliations
- Cleveland Metropolitan Bar Association, Member
- Cleveland Metropolitan Bar Association, Past Chair Taxation Committee
- Cleveland Metropolitan Bar Association, Past Chair Estate Planning, Probate, and Trust Committee
- Ohio State Bar Association, Member
- Ohio State Bar Association, Taxation Committee
- Ohio State Bar Association, Past Vice-Chairman & Past Secretary Federal Taxation Committee
- American Bar Association, Member
- American Bar Association, Taxation, Probate, Trust and Real Property Law, Business Law
- Ashland University College of Business & Economics, Business Advisory Council Member
Articles
- "Senate Passes Inflation Reduction Act: Likely to Become Law," McCarthy Lebit’s The More Report Legal Advisory, August 2022
- "Reviewing One's Estate Plan in the Wake of COVID-19," McCarthy Lebit's The More Report, April 2020
- "Estate Planning Requires Organization," Cleveland Jewish News, June 2018
- "Wills Should be Updated When Situations Change," Cleveland Jewish News, March 2018
Presentations
- Cleveland Metropolitan Bar Association Estate Planning Institute, October 2017
- Adjunct Professor at Case Western Reserve University School of Law, LLM in Taxation Program, Corporate Taxation
Practice Area(s)
Education
Admissions
U.S. District Court, Northern District of Ohio
United States Tax Court
- OSBA Certified Legal Specialist in Federal Taxation Law, Ohio State Bar Association
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