Erik S. Schimmelbusch

Erik Schimmelbusch focuses his practice in the areas of public finance, tax, and trusts and estates for clients in Oregon and California. His experience includes business and tax planning, tax-exempt lease/purchase financing for state political subdivisions, qualified zone academy bonds, unclaimed property (escheat) laws, estate and trust administration, family business succession planning, and charitable planned giving. Erik draws on his knowledge of state and federal laws and regulations to assist his clients on a variety of uniquely complex and diverse issues.

Erik has authored articles and continuing legal education materials on business, estate planning and tax law. He frequently speaks on tax, business, and estate planning issues before civic, professional, and educational groups.

Erik's clients include: financial institutions, professional fiduciaries, charitable organizations and individuals.

Practice Highlights

• Traditional wills and trusts, including marital deduction and federal estate tax exemption planning and estate planning for non-citizens
• Business succession planning
• Post-mortem administration of estates and trusts, including preparation of federal estate tax returns and state inheritance tax returns
• Gift tax, estate tax and generation-skipping transfer tax (both planning and reporting)
• Irrevocable life insurance trusts
• Charitable gift planning, including charitable remainder trusts, charitable lead trusts, life estate gifts, charitable donations of medical practices, and general advice to individual clients and nonprofit organizations on planned giving issues
• Protective proceedings for incapacitated persons, including representation of numerous individual and institutional fiduciaries serving as guardian or conservator and representation of music recording companies and publishing companies in obtaining court approval of contracts entered into with child artists and authors
• Gift planning vehicles to facilitate family wealth transfers, including grantor retained annuity trusts, qualified personal residence trusts and sales to intentionally defective grantor trusts, and irrevocable trusts to manage assets for beneficiaries
• Family limited liability companies and family limited partners designed to maximize wealth transfer leverage through valuation discounts
• Repair of failed planning documents
• General advice to fiduciaries, including determination of principal and income and advice regarding fiduciary duties
• Unclaimed Property (Escheat) Laws
• Gift cards