Dan Young

Develops and implements both simple and complex estate and business succession planning that may include minimizing taxes, avoiding conflict among family members and creditor protection for family members Represents individual and corporate fiduciaries in the administration of estates and trusts, including preparation of estate tax returns and representation on Internal Revenue Service audits Drafts wills and trusts, including revocable, irrevocable, life insurance, special needs and generation-skipping trusts Advises clients with respect to strategic gifting and estate planning to reduce gift, estate and generation skipping taxes and the preparation of gift tax returns reporting succession plans Creates family limited partnerships and limited liability companies for business succession planning Represents executors and trustees in litigation matters involving trusts and estates Advises trustees in carrying out duties to comply with the terms of the trust and applicable law Advises clients with IRAs, 401Ks and other tax deferred beneficiary designations Represents businesses in connection with entity formation, ownership agreements and disputes Forms nonprofit entities, including public charities and private foundations, and prepares applications for tax-exempt status Assisted with adoption of the Directed Trust Act, Uniform Trust Code and Uniform Power of Attorney in Arkansas