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James D.  Lamm

Principal - Minneapolis

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Telephone
612.632.3404
Fax
612.632.4404
E-mail
james.lamm@gpmlaw.com
Support Staff
Rachel L. Hart, 612.632.3094

Address
500 IDS Center
80 South 8th St
Minneapolis, MN 55402

Main: 612.632.3000
Fax: 612.632.4444

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Lamm, Jim

Jim Lamm is a third-generation Minnesota estate planning attorney and a principal in Gray Plant Mooty’s Trust, Estate & Charitable Planning group. He focuses his practice on estate planning, family business succession planning, probate and trust administration, and charitable giving. Jim works with executives, entrepreneurs, 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 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 Associated Press, Reuters, the StarTribune, The Seattle Times, 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.

Publications

Presentations

  • Jim Lamm Estate Planning for Passwords
  • Digital Passing: Oh, What a Tangled Web We Weave,” 58th Annual Estate Planning Seminar, Seattle, Washington, October 21, 2013
  • “Estate Planning Strategies for Large Estates: The Bigger They Are, The Harder They Fall, Unless We Work Hard to Make Them Small,” 2013 Annual Meeting of The American College of Trust and Estate Counsel, Maui, Hawaii, March 8, 2013
  • “Digital Death: Estate Planning for Passwords, Online Accounts, and Digital Property,” University of Miami School of Law, Law Review Symposium, Coral Gables, Florida, February 15, 2013
  • Digital Death: What to Do When Your Client Is Six Feet Under But His Data Is in the Cloud,” 47th Annual Heckerling Institute on Estate Planning, Orlando, Florida, January 17, 2013
  • “Digital Death: Employment Policies and Succession Planning for Passwords, Online Accounts, and Digital Property,” Firm Client Seminar, July 26, 2012
  • “Digital Death: Estate Planning for Passwords, Online Accounts, and Digital Property,” Leave a Legacy Minnesota, Saint Cloud, Minnesota, May 16, 2012
  • “Digital Death: Estate Planning for Passwords, Online Accounts, and Digital Property,” American Bar Association Cyberspace Law Institute, San Francisco, California, January 20, 2012
  • Estate Planning for Passwords, Online Accounts, and Digital Property,” 56th Annual Estate Planning Seminar, Seattle, Washington, November 1, 2011
  • “Your Digital Afterlife: Estate Planning for Passwords, Online Accounts, and Digital Property,” Central Coast Paralegal Association, San Luis Obispo, California, October 6, 2011
  • “Digital Death: Estate Planning for Passwords, Online Accounts, and Digital Property,” Minnesota State Bar Association, Minneapolis, Minnesota, September 29, 2011
  • “Raiders of the Life Insurance Trust: Holy Grail or Temple of Doom?,” 37th Annual Minnesota Probate & Trust Law Section Conference, June 6, 2011
  • Estate Planning 2.0: Digital Property and Tech-Savvy Clients—Time to Reboot Your Practice,” 45th Annual Heckerling Institute on Estate Planning, Orlando, Florida, January 12, 2011
  • “Thanks But No Thanks—Disclaiming Assets, Interests, and Powers in Uncertain Times,” U.S. Bank Teleconference, July 21, 2010
  • Advising Clients and Fiduciaries with Significant Digital Property and Intellectual Property Interests,” 36th Annual Minnesota Probate & Trust Law Section Conference, June 7-8, 2010
  • "Estate Planning in Uncertain Times: Large Estate Panel," Minnesota Continuing Legal Education, October 19, 2009
  • “Estate Planning in a Low Interest Rate Environment,” Hennepin County Bar Association, September 22, 2008
  • “Tips and Traps of the Generation-Skipping Transfer (“GST”) Tax: Are Your Clients’ Trusts GST Tax Exempt?,” Securian Financial Group Webcast/Teleconference, June 16, 2008
  • “Estate Planning for Executives: What Corporate Counsel Need to Know,” Gray Plant Mooty Corporate Counsel Breakfast Group Presentation, February 20, 2008
  • “Top Issues in Estate Planning Practice,” University of Minnesota Law School, March 5, 2007
  • “Estate Planning in Times of Change,” UBS Financial Services Client Seminar, February 27, 2007
  • “Business-Related Issues for Estate Planners: Choice of Entity Under Minnesota Law,” Minnesota Probate & Trust Law Section Conference, June 19-20, 2006
  • “Top Issues in Estate Planning Practice,” University of Minnesota Law School, March 8, 2006
  • “Top Issues in Estate Planning Practice,” University of Minnesota Law School, December 6, 2005
  • “Business-Related Issues for Estate Planners: Choice of Entity Under Minnesota Law,” Minnesota Continuing Legal Education, October 24, 2005
  • “New Circular 230 Issues in Estate Planning,” Hennepin County Bar Association, September 26, 2005
  • “Estate Planning and Florida Snowbirds,” M&I Bank Client Seminar, September 21, 2005
  • “Asset Protection Ideas for Risk Management,” Ethics and Estate Planning Symposium, May 5, 2005
  • “Minnesota Marital Deduction Handbook Q&A Session,” Minnesota Continuing Legal Education, October 5, 2004
  • “Minnesota Marital Deduction Handbook,” Minnesota Continuing Legal Education, September 13, 2004
  • “Recent Developments in Family Limited Partnerships,” Meristem Annual Family Office Conference, June 10, 2004
  • “Recent Developments in Family Limited Partnerships,” St. Paul Financial and Estate Planning Council, February 17, 2004
  • “Estate Planning That Endures in Times of Change,” Minneapolis Foundation, November 13, 2002
  • “Business Succession Planning,” Joint Client Seminar with LarsonAllen, October 24, 2002
  • “Irrevocable Life Insurance Trusts,” Firm Client Seminar, July 19, 2001
  • “Generation-Skipping Transfer Tax Issues for Irrevocable Life Insurance Trusts,” Minnesota Probate & Trust Law Section Conference, June 8, 2001
  • “The Practice of Law in America,” West Publishing, December 4, 1998

Education

  • University of Minnesota Law School, J.D., cum laude
  • St. John's University, B.A., summa cum laude, with all-college honors and distinction in the field of Management

Bar Admissions

  • U.S. District Court, District of Minnesota, 1999
  • U.S. Tax Court, 1999
  • North Dakota, 1998
  • South Dakota, 1998
  • Minnesota, 1997

Professional Activities

  • American College of Trust and Estate Counsel (ACTEC), Digital Property Task Force, chair, Technology in the Practice Committee, member
  • Hennepin County Bar Association, Probate and Trust Law Section, past cochair, 2011-2012; cochair, 2010-2011; vice cochair, 2009-2010; and program cochair, 2008-2009

Honors and Distinctions

  • “The Best Lawyers in America,” Woodward/White, 2010-2014
  • AV® Preeminent™ Peer Review Rated Attorney, Martindale-Hubbell
  • “Top Rated Lawyers™ in Trusts & Estates,” American Lawyer Media & Martindale-Hubbell, 2013
  • “Minnesota Rising Star®,” Thomson Reuters, 2004, 2006, 2009, 2011
  • “Minnesota Super Lawyer®,” Thomson Reuters, 2013
  • American College of Trust and Estate Counsel (ACTEC), Fellow

Community Involvement

  • St. John’s University Planned Giving Committee, Member