Instructors

The instructors for the October workshop are Cecil Smith, Carol Gonnella, Larry Gibbs & David Lockwood. Their bios follow:

Cecil Smith & Carol Gonnella

Cecil obtained his undergraduate and law degrees from the University of Memphis.

Carol obtained her undergraduate degree from Puget Sound University, graduating with honors, and her law degree from the University of Seattle.

Cecil Smith and Carol Gonnella have been teaching and writing professionally together since 1990.  They are fortunate enough to be invited several times each year to travel the country to teach seminars … from 1 – 2 hour presentations to 1-day, 2-day and 3-day workshops.

Cecil and Carol primarily teach advanced planning strategies to estate planning attorneys, financial advisors and CPAs, but also make presentations to lay persons such as physicians, businessmen and trade organizations.

Cecil and Carol are known for their plain English presentations that simplify complex estate and asset protection planning concepts by integrating a lot of colorful graphics and flow charts to illustrate these concepts.

Cecil is a former IRS Estate Tax Attorney and is currently a partner in the oldest law firm in Tennessee, Apperson Crump PLC, with law offices in Memphis and Nashville, Tennessee.

Carol, a former prosecuting attorney, is currently a partner in the law firm of Gonnella Adamson PC with law offices in Jackson Hole, Wyoming.

Together they have more than 50 years of experience representing individuals and families helping them design and implement estate plans that work to protect their clients from antiquated probate laws by removing their assets from the jurisdiction of the probate court in the event of incapacity and death, leave what they have to whom they want, the way they want (often in trusts that protect the beneficiaries from lawsuits, divorce proceedings, creditors and taxes), while at the same time saving post-mortem settlement expenses and death taxes.  Cecil and Carol are known for their ability to zero-out the estate taxes on any size estate.  A substantial amount of their counseling involves (a) helping their clients protect their assets from future lawsuits and creditors and (b) structuring IRAs (and other retirement plans) in order for their clients and their families to obtain the maximum income and estate tax benefits.

Both Cecil and Carol have experience in business, as Cecil and Carol are owners in more than a dozen non-law related companies … some together and some separately.  For example Cecil and Carol own Teton Agents, LLC, a company that serves as professional registered agent for Wyoming LLCs, Teton Institute, a company that trains lawyers and other professionals about when to use, how to form and how to administer Wyoming LLCs.  They also own Teton Publishers, LLC, a company that publishes “how-to-books” that are sold to lawyers and other professionals about advanced estate and asset protection planning strategies.

Cecil is licensed to practice law in Wyoming and Tennessee.

Carol is licensed to practice law in Wyoming and Washington.

Their law practices are separate, but they work together on a collaborative basis on high net worth cases referred to them by lawyers from around the country with whom Cecil and Carol co-counsel to help the referring lawyers design the estate plans.

Cecil and Carol are founding members of WealthCounsel, LLC, a national organization that trains and supports estate planning attorneys.

Both have been awarded the highest rating (AV) given by Martindale-Hubble, a national peer review organization that rates attorneys.

Cecil is married to Ann, and Carol is married to John.  Each has two children.  Cecil’s children are married and have started families, while Carol’s children are a few years behind Cecil’s in that respect.  Carol has a daughter who, after graduating from college, has started a career in the outdoor clothing industry, and her son is in college and plays on his school’s ice hockey team.

Cecil’s hobbies include art, photography and travel.  Cecil paints portraits and landscapes in watercolor and oil.  Sometimes he paints from photographs he has taken on his trips.

Carol and John also love travel as well … often sailing the Caribbean,  the Northwest waters of the Pacific and the South Pacific on their sailboat, Journey, with their family and friends … John’s the captain.  Carol also enjoys photography … her photographic interests include capturing photos of family, travel and wild animals.

For more information about Cecil and Carol visit their Websites:  www.appersoncrump.com and www.wyomingestatelaw.com.  You might also want to visit the Websites of their Teton Companies:  www.tetonagents.com, www.tetonpublishers.com & www.teton-institute.com.

 

Larry Gibbs, San Antonio, Texas

Larry obtained his undergraduate degree from Texas Tech University in Business & Finance.

He received his law degree from the University of Texas School of Law.

Larry is a Principal in Gibbs Professional Corporation and its unincorporated subsidiary, The Iron Horse Business Valuation Group.  Iron Horse provides advanced business valuation services and consulting services with regard to federal income and transfer tax matters, business reorganizations, business acquisitions/mergers/sales.  Iron Horse offers peer-to-peer support in tax and business contests with regard to taxation, compliance, and valuation.

Larry is a Fellow of the American College of Trust & Estate Counsel (ACTEC).

Larry is Board Certified, Tax Law, Texas Board of Legal Specialization (since 1981).

Larry is Board Certified, Estate Planning & Probate Law, Texas Board of Legal Specialization (since 1977).

Larry is an Accredited Valuation Analyst, National Association of Certified Valuation Analysts.

Larry is licensed in the United States Tax Court.

During his career Larry has written hundreds of articles that have been published in tax periodicals, and is a co-author with David Cahoone of Strictly Business – Strategies for Privately Owned Businesses (Quantum Press, 1st ed. 2002).

Larry was the Trial Attorney for the taxpayer in Estate of Kelley v. Commissioner, Tax Court Memo 2005-235.

Gibbs Professional Corporation and Iron Horse Business Valuation Group specialize in estate, business, and financial matters that require a unique combination of advanced legal, tax, and business valuation expertise.

 

David Lockwood, Englewood, Colorado

David obtained his B.A. with majors in both Economics and Mathematics from the University of Kansas, graduating in the top 10% of his class.  Among his other accomplishments, David went to college on a football scholarship.

David received his law degree from the University of Houston College of Law, graduating cum laude in the top 7% of his class.  David was selected to be in the Order of the Barons Honor Society.

After law school David went on to obtain his LL.M. in Taxation from New York University School of Law.

David is licensed to practice law in Texas and Colorado.

David is the founding principal of David L. Lockwood & Associates, LLC, which is a partner in Horen, Lockwood & Masters, LLP.  David’s law practice and expert witness services involve estate and gift taxation, generation skipping transfer taxation, estate planning, estate and trust administration and asset protection planning.

David is an adjunct professor of taxation at the University of Denver’s Graduate Tax Program, where he teaches in their LL.M program.

A former tax attorney for Shell Oil Company, David has also been a Visiting Professor of Law at the University of Oklahoma College of Law, where he was named Outstanding Professor of the Year two consecutive years.