Adam Farnsworth helps clients with estate planning and estate administration matters; simple and complex individual and business transactions; tax compliance; and federal tax issues and disputes. Adam frequently assists clients with designing, drafting, and implementing estate and business succession plans for individuals, small- and middle-market business owners and high net worth individuals and families. He regularly drafts wills; trusts of all varieties, including revocable trusts, irrevocable trusts, insurance trusts, and grantor retained annuity trusts; and powers of attorney.
Adam Farnsworth helps clients with estate planning and estate administration matters; simple and complex individual and business transactions; tax compliance; and federal tax issues and disputes.
Adam frequently assists clients with designing, drafting, and implementing estate and business succession plans for individuals, small- and middle-market business owners and high net worth individuals and families. He regularly drafts wills; trusts of all varieties, including revocable trusts, irrevocable trusts, insurance trusts, and grantor retained annuity trusts; and powers of attorney.
Adam supports clients in a wide variety of individual and business transactions, including assisting clients with forming entities such as limited liability companies and limited partnerships, and drafting and structuring gifts and sales of closely held business interests and other assets. In connection with these transactions, Adam routinely handles many complex issues related to Federal income, estate, gift and generation-skipping transfer taxation as well as tax compliance matters arising under the Internal Revenue Code.
Adam is licensed to practice in Virginia, New York and before the U.S. Tax Court. He holds an LL.M. in Taxation from New York University School of Law and a Juris Doctor from Michigan State University College of Law, where he was editor-in-chief of the International Law Review. Graduating with a B.A. in International Affairs from Wagner College, Adam played quarterback for the Seahawks’ NCAA Division I FCS football team. Prior to that, he began his undergraduate studies at the University of Iowa, where he was a student-athlete on the Hawkeyes’ NCAA Division I FBS and Big Ten Conference football team.
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11.19.2020
Williams Mullen Represents COX Transportation Services in Recapitalization Deal
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07.17.2020
Williams Mullen Advises Cary Street Partners in its Acquisition of Waypoint Advisors
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04.20.2020
Signing Estate Planning Documents During the COVID-19 Pandemic
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11.06.2019
Estate Planning Adjustments for Tax Year 2020
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04.22.2019
The Second Tranche of Opportunity Zone Regulations: Answers to “Substantially All” of Our Lingering Questions
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02.06.2019
The Proposed Real Estate Safe Harbor for the Qualified Business Income Deduction
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11.30.2018
Gift and Estate Tax Update: Making Large Gifts Now Should Not Harm Estates After 2025
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11.16.2018
Estate Planning Adjustments for Tax Year 2019
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05.04.2018
Interim Guidance Issued on New Business Interest Expense Limitations
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12.21.2017
Congress Passes Tax Act
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07.11.2017
Treasury, IRS Deem Proposed Regulations Under Sec. 2704 Put Undue Burden on Taxpayers
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01.13.2017
Estate Administrative Update: IRS Notice Confirms Account Transcripts May Serve as Estate Tax Closing Letter
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11.11.2016
Estate Planning Inflation Adjustments For Tax Year 2017
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10.10.2016
IRS Provides Guidance on QTIP and Portability Elections
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03.15.2016
Consistent Basis Reporting Update: Treasury Issues Proposed Rules on Portability Returns, Final Values, and After-Discovered Property
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02.22.2016
Expanding Basis Consistency Reporting under the President’s Revenue Proposals for 2017
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02.19.2016
IRS Notice 2016-19 Delays Due Date of Form 8971
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12.28.2015
Form 8971: Consistent Basis Reporting Between Estate and Persons Acquiring Property From a Decedent
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12.11.2015
Account Transcript May Serve As Estate Tax Closing Letter
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11.23.2015
Williams Mullen Welcomes Seven First-Year Associates
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01.24.2019
Winter 2019 Tax Forum
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02.23.2018
Fiduciary Focus 2018
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01.24.2018
Winter 2018 Tax Forum
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09.19.2017
Fall 2017 Tax Forum
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05.04.2017
Spring 2017 Tax Forum
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02.24.2017
2017 Richmond Fiduciary Focus
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01.26.2017
Winter 2017 Tax Forum
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09.21.2016
Fall 2016 Tax Forum
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05.12.2016
Spring 2016 Tax Forum
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02.26.2016
2016 Richmond Fiduciary Focus
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01.28.2016
Winter 2016 Tax Forum