Jim Lamm is a third-generation Minnesota estate planning and tax attorney and a principal in Gray Plant Mooty’s Trust, Estate & Charitable Planning group. He focuses his practice on estate planning, tax planning, family business succession planning, probate and trust administration, and charitable giving. Jim works with executives, entrepreneurs, professional athletes, high-net-worth families, and family offices to achieve family goals, pass on family values, and plan for family businesses.
Jim is nationally-known for his speaking and writing on advanced estate planning and tax topics, and he has been interviewed and quoted by The Wall Street Journal, Forbes magazine, Intellectual Property Magazine, Kiplinger’s Retirement Report, InvestmentNews, Morningstar, the Pew Research Center, The Associated Press, Reuters, the StarTribune, The Seattle Times, The Washington Post, MSNBC, KSTP television, National Public Radio, and more. Jim is a Fellow in the American College of Trust and Estate Counsel (ACTEC), and he’s an Adjunct Associate Professor (2012 to 2013) teaching an Estate Planning and Drafting seminar at the University of Minnesota Law School.
Jim plans and prepares foundational estate planning documents for families including wills, revocable trusts (living trusts), financial powers of attorney, health care directives (living wills), and beneficiary designations for life insurance and retirement plans. Jim also works with families and family business owners to plan and implement trusts for children or grandchildren, irrevocable life insurance trusts (ILITs), spousal lifetime access trusts (SLATs), grantor retained annuity trusts (GRATs), qualified personal residence trusts (QPRTs), intentionally-defective grantor trusts (IDGTs), dynasty trusts, installment sales, split-dollar life insurance agreements, private foundations, donor advised funds, charitable remainder trusts, charitable lead trusts, prenuptial agreements, family limited partnerships and limited liability companies, and buy-sell agreements.
Jim also works with families, family offices, and other professionals to help them through the probate and estate settlement process, as well as to administer trusts, prepare tax returns, and resolve trust, estate, and tax disputes.
Jim blends a strong background in math, technology, and computers with his estate planning practice. He is a national thought leader in the area of estate planning for passwords and digital property, including electronic data, online accounts, intellectual property rights, and Internet domain names. Jim authors the Digital Passing blog, and he is the Chair of ACTEC’s Digital Property Task Force. He also coauthored the proposal for and actively participated in the drafting of the Uniform Fiduciary Access to Digital Assets Act.