Arthur E. Gibbs III is a partner in Hahn Loeser’s Cleveland office and is licensed to practice law in Ohio and Florida. He is an Ohio State Bar Association Board Certified Specialist in Estate Planning, Trust and Probate Law. He focuses on providing creative estate, tax and business planning advise to business owners and other wealthy individuals, as well as representing individuals, financial institutions and non-profits in estate disputes.
Fiduciary Litigation
Art’s fiduciary litigation practice includes beneficiary disputes over estate and trust administration, will contests and breach of fiduciary duty claims. His services include: prosecuting claims on behalf of the beneficiaries of trusts and wills; defending claims brought against trustees, administrators and executors; representing estates in tax controversy matters; representing parties in contested guardianships; and advising clients through the estate planning and administration process in order to avoid litigation among family members.
Estate Planning
Art’s estate planning practice includes estate, gift, generation-skipping transfer, charitable, business succession, and family tax planning; drafting of Wills, Trust Agreements, Powers of Attorney and associated documents; education planning; and post-mortem tax planning.
Business Succession Planning
Art guides the owners of closely held businesses through the options and steps for a successful transition, including buy-sell agreements, stock transfer restriction agreements, buy-outs, voting control arrangements, close corporation agreements, operating agreements for limited liability companies and spin-off discounted valuations.
Estate and Probate Settlement
Art handles all aspects of estate administration in order to assist a personal representative or trustee with, and provide advice regarding, settlement of an estate, including: probate administration; identification and transfers of probate assets; non-probate asset transfers and claims of beneficiaries of life insurance; annuities and retirement assets; disposition or distribution of real estate and household goods and personal effects; preparation of final individual income tax returns and fiduciary income tax returns for the estate and trust; preparation of federal and state estate and generation skipping tax returns and representation of the estate in any audit of the returns; and post-death planning to minimize estate, gift or income taxes or to address problems in the estate plan.
Insurance Planning
Art has extensive experience advising on the role of life insurance in estate planning. He works closely with clients and their insurance advisors to determine the amount, duration, and type of insurance that best suits their needs. He also works closely with them to implement irrevocable life insurance trusts to ensure the preservation of wealth at the next generation, and advises his clients on matters such as the exchange of life insurance policies, split dollar arrangements, and the role of life insurance to fund buy-sell agreements for closely-held businesses.
Domicile Planning
Art assists his clients with a number of issues involved with relocating to and establishing a permanent residence in Florida. His services include: advising as to establishing Florida domicile and terminating Ohio domicile, advising as to the potential Ohio estate tax consequences after establishing Florida domicile, advice with regard to Florida’s homestead laws, assistance with the closing and settlement on the purchase of a residence in Florida, and the preparation and filing of a Florida Declaration of Domicile and related documents.
PROFESSIONAL HISTORY
•Partner, Hahn Loeser & Parks LLP, 2021 to present
•Partner, Wickens Herzer Panza, 2017–2021
•Partner, Hahn Loeser & Parks LLP, 2006-2017
•Associate, Hahn Loeser & Parks LLP, 2000-06
