Thomas J. Woessner

Partner

woessnert@ballardspahr.com
Tel 612.371.3517
Fax 612.371.3207
Minneapolis

Tom Woessner practices in the areas of estate planning, administration of trusts and estates, estate and gift taxation, and fiduciary-income taxation. He frequently speaks to individuals and organizations on estate planning, trusts, and related tax matters. He brings a strong financial background to his practice; before entering the legal field, he was a chief financial officer and controller at various companies and a senior accountant at a Big Four accounting firm. He remains a certified public accountant.

Tom is a Fellow of the American College of Trust and Estate Counsel. He is a past Chair of the Minnesota Bar Association's Probate and Trust Law Section Council and past Chair of the Hennepin County Bar Association's Probate and Estate Section.

Representative Experience

Estate Planning:

  • Reviewing, analyzing, and developing estate plans for clients and preparing the necessary documents. These documents go beyond the basics and include vehicles such as private foundations, Family Limited Partnerships (FLPs), Grantor Retained Annunity Trusts (GRATs), Charitable Remainder Trusts (CRTs), Charitable Lead Annuity Trusts (CLATs), Irrevocable Life Insurance Trusts (ILITs), Self-Cancelling Installment Notes (SCINs) and other sophisticated planning documents
  • Planning for executives with stock options
  • Planning for retirement plan assets including reducing income tax costs on the distribution of retirement plan assets and protecting assets with trusts
  • Represent numerous closely-held business owners in reviewing, analyzing, and developing succession plans as well as the preparation of documents necessary to implement such plans
  • Assisting high net worth clients in the preparation and negotiation of ante-nuptial and postnuptial agreements

Trust and Estate Administration:

  • Probate administration of large and complex estates including commercial real estate or closely held businesses in multiple states and international asset holdings
  • Represent financial institutions as corporate fiduciaries in trust administration, interpretation and contested trust litigation.
  • Preparation of federal and state estate tax returns and federal gift tax returns.
  • Preparation of federal and state fiduciary income tax returns for estates and trusts.
  • Estate and gift tax audits.
  • Representation of guardians and conservators in guardianship and conservatorship proceedings.

Professional Activities

American College of Trust and Estate Counsel, Fellow

American Bar Association

Minnesota Bar Association, Past Chair of the Probate and Trust Law Section Council

Hennepin County Bar Association, Past Chair of the Probate and Estate Section

Ramsey County Bar Association

American Institute of Certified Public Accountants

Institute of Certified Management Accountants

Minnesota Society of Certified Public Accountants

CPA (Certified Public Accountant)

CMA (Certified Management Accountant)

CGMA (Chartered Global Management Accountant®)

Awards and Recognitions

The Best Lawyers in America, trusts and estates, 2017-2020

Minnesota Super Lawyers, 2006-2019

Minnesota Super Lawyers, “Top 40 Estate Planning Lawyers,” 2008-present

North Star Lawyer, Minnesota State Bar Association, 2013

Speaking Engagements

Tom Woessner Shares his Thoughts on the Upcoming Tax Changes with Minnesota Lawyer, June 28, 2013

Community Activities

The Family Partnership, Chair of Board of Directors

University of St. Thomas Mentor Externship Program, Mentor

Minneapolis Rotary Club #9, Treasurer and on Board of Directors

Minneapolis Downtown Next Generation Lions Club, Member; Chair of the Foundation; Board of Directors

Catholic Charities, Planned Giving Committee, Member; Past Chair of Planned Giving Committee; Past Member of Board of Directors

Cretin-Derham Hall High School, Investment & Finance Committee, Member; Past Chair of Board of Directors

Resources for Child Caring (Think Small), Board of Directors, Past Chair

HIKE Foundation, Past Advisory Board of Directors

University of Minnesota, Minnesota Medical Foundation Vison Foundation, Past Vice President of the Board of Directors

Lutheran Social Services Foundation, Past Board of Directors

William Mitchell College of Law (now Mitchell Hamline School of Law) (cum laude)

University of St. Thomas (cum laude)

Minnesota

Wisconsin

U.S. Tax Court