Photo of Mi-Hae K. Russo

Mi-Hae K. Russo is an Associate in Wiggin and Dana’s Private Client Services Department in the New York office, where she focuses her practice on estate planning, trust and estate administration, and business succession planning. Mi-Hae is also a member of the firm’s Diversity, Equity and Inclusion Committee, and a member of wiggin(x).

Prior to joining Wiggin and Dana, Mi-Hae previously worked with Bank of America as a Trust Settlement Officer and as an Associate attorney at Warner Norcross + Judd LLP, where she also started as a summer associate.

Mi-Hae clerked for the Honorable John C. Griffin, in the Circuit Court of Cook County in Chicago, Illinois. She earned her J.D. Magna Cum Laude from Michigan State University College of Law, where she was Managing Editor of the International Law Review. Mi-Hae received her B.A. in Economics with University Honors from the University of Michigan.

Wealthy individuals and families are increasingly incorporating charitable goals into their estate plan.  For donors who want to manage their philanthropic activities through longer-term vehicles, two of the most common options are donor-advised funds and private foundations.

Donor-Advised Funds

A donor-advised fund (DAF) is like a charitable savings account.  A donor opens and funds an

New York has become the first state to enact an analogue to the federal Corporate Transparency Act (the “CTA”), having signed the New York Limited Liability Company Transparency Act (“NYLTA”) into law on December 22, 2023, and later amending it on March 1, 2024.  The NYLTA, which will become effective on January 1, 2026, aims


Individuals who are neither United States citizens nor U.S. “domiciled” (U.S. resident with an intention to remain indefinitely in the U.S.) are subject to a less favorable estate tax planning environment.  In 2024, individuals who are U.S. citizens and domiciliaries can transfer $13,610,000 free of estate, gift and GST tax during their lives or

The reporting requirements under the Corporate Transparency Act (CTA) will come into effect on January 1, 2024.  The U.S. Treasury estimates that more than 32 million pre-existing entities and approximately 5 million new reporting companies annually over the next decade will have to register under the CTA.

The CTA was enacted on January 1, 2021