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James L. Deeringer

Partner
Sacramento

Contact Info:
Email: Send an email
Phone: (916) 444-1000
Fax: (916) 444-2100

Practice Areas:
Trusts and Estates

Additional Areas of Expertise
Estate & Gift Taxes

Bio

Jim Deeringer is one of Northern California's premier trusts and estates attorneys. Over his 30 years of practice, he has handled hundreds of planning, administration, and litigation matters, involving estates ranging from the relatively small to over $100 million in value.

Jim has helped many clients implement estate planning, transfer tax planning, and business succession planning of the most sophisticated order. As part of this effort, he utilizes diverse techniques and planning tools, including grantor-retained annuity trusts, sales to intentionally defective grantor trusts, qualified personal residence trusts, charitable remainder and lead trusts, private foundations, multi-generational “dynasty” trusts, buy-sell agreements, and split-dollar agreements. In addition, Jim frequently helps clients form limited partnerships or limited liability companies in order to enhance the effectiveness of certain of these planning techniques. Jim also brings extensive knowledge and experience to the often difficult task of integrating retirement planning—and, in particular, designation of retirement plan beneficiaries—with estate and tax planning.

Jim also has extensive experience administering unusually complex estates. He has administered numerous estates that involved such tasks as obtaining court interpretation of instrument provisions; accounting for specifically devised real property, securities, and business interests; calculating estate tax and facilitating IRS audits, where necessary; apportioning estate tax among beneficiaries; and resolving conflicts among and between beneficiaries and fiduciaries.

An area of special expertise for Jim is drafting and administering unitrusts, that is, trusts whose payout to the current beneficiary is determined as a fixed percentage of the value of the trust corpus each year. Jim employs this estate-planning tool to harmonize the trustee's investment management duties under the Prudent Investor Act, which imposes upon trustees a duty to treat all classes of beneficiaries impartially in the apportionment of the total return on trust investments. Jim was a key player in the drafting of California's 1999 Uniform Principal and Income Act, and he was the primary drafter of California's 2005 Unitrust Conversion Statute. These new statutes have ushered in revolutionary changes in California's trust law, and, as primary drafter, Jim is uniquely positioned to advise trustees and beneficiaries—clients—concerning the interpretation and utilization of these laws.

Jim has received the highest rating from Martindale Hubbell, AV. He is a fellow of the American College of Trust and Estate Counsel, the nation's leading association of trust and estate attorneys. He has also served on the Executive Committee of the Trusts and Estates Section of the State Bar of California.

Admitted to Practice in:
California

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