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Wednesday, September 11, 2024

Legal Elite – Tax/Estate planning 2010

tax/estate planning

Michael H. Godwin Schell Bray Aycock Abel & Livingston PLLC, Greensboro

I would love to be a CIA agent. Like practicing law, it would involve problem solving, attention to detail and having to be resourceful.

Vita: Born Jan. 9, 1949, in Dunn; bachelor’s and law degrees from UNC Chapel Hill; wife, two sons and three grandchildren. Why he chose this field: The Tax Reform Act of 1976 reinvented the federal estate- and gift-tax system, and my firm needed someone to focus on it. Memorable case: In 1988, a man came to see me who had terminal cancer. He wanted to leave his assets to his ex-wife and their three grown children. I told him that if they remarried, he could leave the assets in a Qualified Terminable Interest Property Trust for her lifetime, with one of their children as trustee. Their children would get the assets at her death. They were remarried, and the client died within a few months. Shortly thereafter, the trustee and his mother began to bicker. The wife actually sued her son for breach of fiduciary duty. This case taught me that even considerable tax savings cannot drive the plan. Family dynamics should not be overlooked. Passions: My grandchildren, Carolina sports, trying to stay somewhat fit. Recent reading: The Last Child by John Hart. Favorite place: The south end of Litchfield Beach. Hero: Ronald Reagan. Don’t ask him to: Watch a weeknight sitcom that has the canned laughter.

Tax/Estate planning

Michael H. Godwin Schell Bray Aycock Abel & Livingston PLLC | Greensboro Michael R. Abel Schell Bray Aycock Abel & Livingston PLLC | Greensboro Jean T. Adams Womble Carlyle Sandridge & Rice PLLC | Winston-Salem Mary Kay Baynard James, McElroy & Diehl PA | Charlotte Anne Boyd Goodrich Corp. | Charlotte Charlie D. Brown Wishart, Norris, Henninger & Pittman PA | Burlington Carole Bruce Smith Moore Leatherwood LLP | Greensboro Madison E. Bullard Jr. Wyrick Robbins Yates & Ponton LLP | Raleigh Stephen T. Byrd Manning, Fulton & Skinner PA | Raleigh John J. “Jody” Carpenter Culp Elliott & Carpenter PLLC | Charlotte Jean Gordon Carter Hunton & Williams LLP | Raleigh John A. Cocklereece Jr. Bell, Davis & Pitt PA | Winston-Salem Michael A. Colombo Colombo, Kitchin, Dunn, Ball & Porter, LLP | Greenville C. Michael Crisp Grier Furr & Crisp PA | Charlotte Craig Dalton Poyner Spruill LLP | Raleigh W.B. Rodman Davis Hagan Davis Mangum Barrett Langley & Hale PLLC | Greensboro Stuart B. Dorsett Ward & Smith PA | Raleigh John C. Dorsey Manning, Fulton & Skinner PA | Raleigh Debra L. Foster Debra L. Foster PA | Charlotte James N. Greene III Parker Poe Adams & Bernstein LLP | Charlotte Julie Zydron Griggs Robinson, Bradshaw & Hinson PA | Charlotte Robert H. Haggard Van Winkle, Buck, Wall, Starnes and Davis PA | Hendersonville C. Wells Hall Mayer Brown LLP | Charlotte James C. Hardin III James C. Hardin III PLLC | Charlotte Tanya D. Hervey Hervey & Hervey PA | Cary James Hickmon Hickmon Law PC | Charlotte Graham D. Holding Jr. Robinson, Bradshaw & Hinson PA | Charlotte C. Gray Johnsey White & Allen PA | Kinston Ronald P. Johnson Johnson, Peddrick & McDonald PLLC | Greensboro Morry Johnston Johnston, Allison & Hord PA | Charlotte Jennifer L.J. Koenig Schell Bray Aycock Abel & Livingston PLLC | Greensboro Emily H. Leazer Gray, Layton, Kersh, Solomon, Furr & Smith PA | Gastonia Paul H. Livingston Jr. Schell Bray Aycock Abel & Livingston PLLC | Greensboro Steven B. Long Williams Mullen | Raleigh Maria M. Lynch Lynch & Eatman LLP | Raleigh Neill G. McBryde Moore & Van Allen PLLC | Charlotte E. Graham McGoogan Jr. McGuireWoods LLP | Charlotte William G. McNairy Brooks, Pierce, McLendon, Humphrey & Leonard LLP | Greensboro Charles C. Meeker Parker Poe Adams & Bernstein LLP | Charlotte Jared Mobley K&L Gates LLP | Charlotte William H. Moore Jr. Moore & Van Allen PLLC | Charlotte Arthur Morehead IV The Duke Endowment | Charlotte Marcus L. Moxley Vaughn Perkinson Ehlinger & Moxley | Winston-Salem Charles B. Neely Jr. Williams Mullen | Raleigh Rudy L. Ogburn Young Moore and Henderson PA | Raleigh R. Anthony Orsbon Orsbon & Fenninger LLP | Charlotte H. William Palmer Jr. Kirk Palmer & Thigpen PA | Charlotte William S. Patterson Hunton & Williams LLP | Raleigh Gregory T. Peacock Ward & Smith PA | New Bern George A. Ragland Womble Carlyle Sandridge & Rice PLLC | Winston-Salem Larry H. Rocamora McPherson & Rocamora PLLC | Durham Walter R. Rogers Jr. Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan LLP | Raleigh Heidi Royal Robinson, Bradshaw & Hinson PA | Charlotte Amy K. Smith Bell, Davis & Pitt PA | Winston-Salem Herman Spence III Robinson, Bradshaw & Hinson PA | Charlotte Neal E. Tackabery Blanco Tackabery & Matamoros PA | Winston-Salem Richard Tuggle Tuggle Duggins & Meschan PA | Greensboro Andrew Veach Edwards Craver Veach PLLC | Winston-Salem C. Mark Wiley Womble Carlyle Sandridge & Rice PLLC | Winston-Salem Keith A. Wood Carruthers & Roth PA | Greensboro

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