shutterstock_86367613_1920_optimized.jpg
shutterstock_601384_tilt_shift_1900_optimized.jpg
Minnehaha-Falls-103.jpg
shutterstock_86367613_1920_optimized.jpg

We help companies keep executive talent.


Tax-exempt and taxable organizations of every size in every state have relied our expertise to build strong management teams.

SCROLL DOWN

We help companies keep executive talent.


Tax-exempt and taxable organizations of every size in every state have relied our expertise to build strong management teams.

We are devoted to client needs in the areas of exec­u­tive com­pen­sa­tion, cor­po­rate law, estate plan­ning and pro­bate. Our clients are tax-exempt health­care sys­tems, hos­pi­tals, credit unions and trade asso­ci­a­tions; tax­able employ­ers; indi­vid­u­als and estates.

  • 763-479-2699

  • info@splawfirm.net

  • Updates

Attorneys

shutterstock_601384_tilt_shift_1900_optimized.jpg

Executive Compensation


SCROLL DOWN

Executive Compensation


For 25 years the attorneys at Sherman & Patterson have assisted clients in designing and documenting their nonqualified deferred compensation arrangements to benefit both the employer and the employees. We focus on assuring the plan passes IRS muster with respect to a host of issues, such as section 409A, constructive receipt and economic benefit limitations. In tax-exempt employers, we focus first on exhausting 457(b) eligible deferred compensation plan opportunities, and then on satisfying the requirements under Section 457(f) of the tax code regarding substantial risks of forfeiture. We also evaluate and install so-called “rabbi trusts” where appropriate.

Minnehaha-Falls-103.jpg

Estate Planning


SCROLL DOWN

Estate Planning


Sherman & Patterson assists clients in understanding estate planning issues and in developing estate plans that fit their individual situations. Many individuals with young children indicate that their main priorities are to nominate successor guardians for their children, and to make sure that any assets left for their children would be efficiently managed in trust rather than inefficiently managed in the courts. Other clients approach us with a desire to avoid probate at death. We explain to clients the differences between wills with testamentary trusts that require probate and funded living trusts that avoid probate. We highlight pros and cons of both approaches, taking an objective viewpoint on estate planning issues.