Richard A. Klobucher

Rick Klobucher advises clients on issues related to trusts and estates, both with respect to planning for transfer of estates to family members during lifetime and at death, and in the administration of estates and trusts.

Practice Highlights

• Comprehensive and estate tax planning: Advised and implemented planning to fully utilize available tax exemptions, using both wills or living trust formats, and to fully utilize available gift tax exemptions
• Dynasty trust planning: Advised and implemented generational trust planning to utilize available generation-skipping tax exemptions for long-term family trust planning
• Other estate tax planning: Advised and implemented irrevocable life insurance trusts as estate tax strategy and dynasty trust strategy
• Family business and estate transfer: Advised and implemented tax strategies to transfer family assets effectively via intentionally defective grantor trusts, qualified personal residence trusts, and grantor retained annuity trusts
• IRS Private Letter Ruling 9133017: Obtained IRS approval to reform defective qualified Subchapter S Trust to preserve Subchapter S status for family corporation
• Charitable planning: Advised clients on charitable planning including use of charitable remainder trusts and charitable lead trusts
• Estate settlements: Advised executors and trustees in estate tax settlements and disputes, including estate and gift tax audit settlements
• Private foundation planning: Created private foundations to receive family assets for specific charitable purposes under family management