In a guest article, Steven D. Leipzig and Lori I. Wolf, both Members of law firm Cole, Schotz, Meisel, Forman & Leonard, P.A., and Steven M. Saraisky, an Associate at Cole Schotz, provide an introduction to estate planning considerations for hedge fund managers and hedge fund interests.  The authors first describe some fundamental concepts of sophisticated estate planning, and the typical structure of a hedge fund investment.  They then discuss certain approaches to estate planning with both a new hedge fund investment and an existing hedge fund investment.  The authors’ goal is to provide subscribers to the Hedge Fund Law Report with an understanding of the family planning and tax savings results that can be achieved with this kind of estate planning.