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AREAS OF PRACTICEEstate and Business Planning Taxation Trusts and Estates Energy Corporate International Litigation - General Norm's practice focuses on estate planning and family wealth protection and transfer. His experience as a former trial attorney for the IRS coupled with his extensive experience in income, estate, gift, generation-skipping tax matters and tax planning for closely held businesses enables Norm to create solutions that minimize tax exposure and preserve wealth. REPRESENTATIVE EXPERIENCE Lead counsel in Estate of Albert Strangi v. Commissioner, a multi-million dollar test case in the U.S. Tax Court and Fifth Circuit Court of Appeals against the IRS involving family limited partnerships. Structured multi-million dollar domestic and international transactions involving natural resources. Instrumental in obtaining successful reversal of IRS ruling resulting in tax savings of over $100 million. Structured and documented multi-million dollar sales and purchases of business entities and business properties. Represented many clients before IRS in audits, appeals and litigation of income tax, gift tax and estate tax disputes. PROFESSIONAL ACTIVITIES / MEMBERSHIPS / AFFILIATIONS Licensed to practice inTexas; District of Columbia (inactive); U.S. Tax Court; U.S. District Court (Northern District); U.S. Court of Federal Claims; U.S. Courts of Appeals (5th and 11th Circuits). Member: State Bar of Texas; Dallas and American Bar Associations. Director, Baylor Health Care System Foundation; current chair of The Planned Giving Committee. Southern Methodist University - Certification Program in Financial Planning (Estate Planning Instructor 2004 - present). U.S. Navy Pilot, 1969 - 1975 (active duty), 1975 - 1994 (reserve), retired rank of Captain. Texas Super Lawyer 2005. PUBLICATIONS / SPEECHES Strangi and Kimbell: A Section 2036 Texas Two Step, Dallas Bar Association, September 2003. Stone - Family Acrimony Puts IRS Between Rock and Hard Place, Leimberg Estate Planning Newsletter, www.leimbergservices.com, November 10, 2003. Musings on Stone From Shell-Shocked Veteran, Leimberg Estate Planning Newsletter, www.leimbergservices.com, November 11, 2003. Too Good To Be True: The Tax Wars Over FLLC / FLP Tax Benefits, Oklahoma Society of CPA's, December 2003. Kimbell At The Fifth Circuit: A View From The Bleachers, Leimberg Estate Planning Newsletter, www.leimbergservices.com, February 5, 2004. Family Owned Entities: A Treacherous Voyage Through Section 2036, 45 Tax Management Memorandum, No. 11, 2004. Too Good To Be True: The Tax Wars Over FLP Tax Benefits, Houston Business and Estate Planning Council, March 2004. IRS Attacks on Family Owned Entities, Oklahoma City Estate Planning Council, May 2004. Kimbell v. Commissioner: Fifth Circuit Rejects IRS Attacks on FLPs Again, BNA Tax Management, May 28, 2004. FLP Tax Wars: The Cases, Hot Issues and Suggested Strategies, Texas Bar Association, 28th Advanced Estate Planning and Probate Course, June 10, 2004. Family Limited Partnerships; University of Texas, Current Issues Affecting Partnerships, Limited Partnerships and Limited Liability Companies, July 15, 2004. FLP Valuation, Texas Bar Association, 22nd Annual Advanced Tax Law Course, September 10, 2004 (with W.R. Cousins, III). What's New In Family Limited Partnerships, American Bar Association, Boston, Massachusetts, October 1, 2004 (with Steven Akers and Victor Keen). Family Limited Partnerships Under Attack - Is Total Victory Around The Corner, 54th Tulane Tax Institute, New Orleans, Louisiana, October 22, 2004 (with Steven Akers). Too Good To Be True: The Tax Wars Over FLLC / FLP Tax Benefits (An Update), Oklahoma Society of CPA's, December 2004. EDUCATIONAL BACKGROUND 1969 - B.A., The University of Missouri 1977 - J.D., Oklahoma City University, with distinction 1981 - L.L.M., Taxation, Southern Methodist University While attending law school, Norm served as the Case Comments Editor of the Oklahoma City University Law Review. |
