Berry Moorman

Harvey B. Wallace II

Harvey B. Wallace II

Detroit OfficeHarvey B. Wallace II
Tel: (313) 496-1200
Fax: (313) 496-1300
Email: [javascript protected email address]

Practice Areas
Business and Corporate Planning
Charitable Trusts and Foundations
Compensation and Employee Benefits
Estate Planning and Trust Administration

Education
B.A., cum laude, Dartmouth College, 1966
J.D., The University of Michigan, 1969

Admitted
State Bar of Michigan

Biography

Harvey B. Wallace II focuses his practice in the areas of estate planning, business corporations (including compensation, employee benefits, and business succession planning), and charitable organizations. His estate planning practice includes the preparation and funding of flexible lifetime and post death trusts for asset management and disposition, creditor protection, and tax minimization. His practice also includes the design and preparation of premarital agreements, family partnerships, and charitable remainder trusts. He has formed, merged, and terminated charitable foundations, both private foundations and section 509(a)(3) supporting organizations, and gives administrative guidance to such organizations. Mr. Wallace has formed and represents business corporations, partnerships, and limited liability companies, and has implemented employee compensation programs including employment contracts, nonqualified deferred compensation plans under section 409A, qualified plans, and welfare benefit plans. He has frequently served as a consultant regarding methods of optimizing plan benefits, IRAs, and Roth IRAs within an individual’s estate plan.

Mr. Wallace has been an active member of the Real Property, Trust & Estate Law Section (RPTE) of the American Bar Association (ABA) and served as a member of the section’s supervisory council from 1998 through 2004 with oversight for the section’s employee benefits committees. He served as co-chairman of the section’s Committee on Groups and Substantive Committees from 2005 through 2009. In 2006, he became a RPTE liaison to the Joint Committee on Employee Benefits (the JCEB), a committee formed by six sections of the ABA. Mr. Wallace will become chairman of the JCEB in August, 2010. He is a charter member of the American College of Employee Benefits Counsel (ACEBC).

Mr. Wallace is a fellow of the American College of Trust and Estate Counsel (ACTEC) and has served as a member of ACTEC’s Employee Benefits in Estate Planning Committee since 2001 and ACTEC’s Charitable Planning and Exempt Organizations Committee since 2003. He is a member of the American Bar Association, the State Bar of Michigan, the Detroit Bar Association, and the Financial and Estate Planning Council of Metropolitan Detroit. He is listed in The Best Lawyers in America (Trust and Estates and Non-Profit/Charities Law categories), published by Woodward/White, Inc.

Mr. Wallace has lectured on estate planning and planning for employee benefits for a number of organizations including ACTEC, the Real Property, Trust, & Estate Law Section of the ABA, the Notre Dame Estate Planning Institute, the University of Denver Advanced Estate Planning Symposium, the University of Michigan’s Institute of Continuing Legal Education, the Financial and Estate Planning Council of Metropolitan Detroit, the Flint Estate Planning Council, and Greater Lansing Estate Planning Council. He has been author of several articles published in Probate and Property (the magazine of the Real Property, Trust & Estate Law Section) and has authored that magazine’s Employee Benefits Planning Update column since 1997. He is an Editorial Advisor for the ACTEC Pocket Tax Tables. He is also the co-author, with Frederick R. Keydel, of the University of Miami Estate Planning Institute article “Trust Drafting for the Unforeseeable” (2001) and “Estate Planning for Qualified Plan and IRA Death Benefits Under ERTA” published by Probate Notes (now ACTEC Journal) in 1982.

Publications
Circular 230 Disclosure-Its Meaning and Purpose (May 2006)