Sally is a principal at Gray Plant Mooty with approximately 30 years experience. She assists high net worth individuals and their families with estate planning, business succession planning, estate and trust administration, and charitable planning. She focuses on helping clients determine their personal objectives and then develops strategies and identifies tools to meet those objectives. Those objectives often include preserving wealth for future generations, providing sufficient liquidity for the spouse, protecting the children’s inheritance, minimizing gift, estate, and income taxes, benefiting charity, and transitioning the family business. She uses a number of strategies to achieve these goals, including wills, credit shelter and marital trusts, revocable trusts, irrevocable trusts for life insurance and for other assets, educational and generation-skipping trusts, outright gifting programs, charitable remainder and lead trusts, grantor retained annuity trusts, sales to grantor trusts, and family limited partnerships.
Sally works with closely held business owners to develop succession plans to transition the business to younger generations, third-party buyers, or to employees. In that process, she routinely prepares stock purchase or buy-sell agreements, split dollar plans, and waiver of family attribution agreements. She also acts as an advisor to corporate and individual trustees, family offices, and nonprofit corporations.
Sally works with family business clients in a wide range of industries, some of which include automotive, wholesale grocery, trucking, and manufacturing. She has extensive experience with bank-holding company owners.
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