Joseph B. Colvin

Member, Lexington

859.231.3642

Joe is a Member of Stoll Keenon Ogden’s Lexington and Louisville offices. He joined the firm in 2012 and is part of the Trusts & Estates practice group. He works with families and businesses owners throughout Kentucky on estate and gift planning, as well as estate and trust administration. For privately held companies, he consults on business succession plans.

Before embarking on his career as an attorney, Joe was a tax manager at Deloitte Tax LLP, where he advised affluent individuals, closely held businesses, and trustees, and estate administrators on compliance with income and transfer tax laws. He also helped clients in structuring trust, partnership, and S corporation agreements.

Trusts & Estates: Joe develops plans to meet the expectations of clients and address their individual situations, and he carefully weighs the benefits, risks, and complexity of every recommendation. He has represented multigenerational families in the planning of multimillion-dollar estates, and he has provided counsel to businesses on sophisticated succession documents.

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Practices

Tax

Trusts & Estates

Education

Ohio State University
2005, J.D.

University of Kentucky
2002, B.S.

Admissions

Kentucky

Ohio

Affiliations

Kentucky Bar Association
Lexington-Fayette Bar Association
Junior Achievement of the Bluegrass, Board of Directors, Programs Committee, Chair

Estate Planning Council of Metro Louisville
Bluegrass Estate Planning Council

Work Highlights

Family Business Succession Planning and Estate Planning with Special Trusts

Represented husband and wife in planning for their business and estates by restructuring the company into voting and nonvoting shares, allowing them to transfer value while maintaining control, and preparing and implementing a stock restriction agreement, a multi-generation family protection trust, traditional A/B trust planning, essential planning, a qualified personal residence trust, a vacation home trust, and gifting trusts for each grandchild.

Family Estate Planning with Private Family Foundation and Charitable Lead Trust

Represented husband and wife in planning for their family and multi-million dollar estates by preparing and implementing multi-generational spousal limited access irrevocable trusts, traditional A/B trust planning, essential planning, a charitable lead annuity trust and a private family foundation.

Family Business Succession Planning- Sale to Grantor Trusts- Charitable Planning

Represented multi-generation family in planning for their family and estates after the sale of the family business, including preparing and/or implementing Delaware Trusts, a charitable lead annuity trust, limited liability companies, sale to dynasty trusts and valuation discounts as well as assisting in the administration of the estates of several family members after their unexpected deaths.

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News Publications Seminars

SKO Elevates Nine Attorneys to Member Status, Feb. 25, 2016

Stoll Keenon Ogden Opens Office in Greater Pittsburgh, PA, July 9, 2012

Possible Estate and Gift Tax Changes on the Horizon, Sep. 29, 2020

New Kentucky Community Property Trust Act Provides Incredible Planning Opportunity for Married Couples, July 20, 2020

Plan Now to Take Advantage of Lowest IRS Interest Rates Ever, May 11, 2020

Kentucky’s New Power of Attorney Statutes, Sep. 4, 2018

Five Reasons to Contact a Trusts & Estates Attorney Before Year-End, Dec. 13, 2017

Proposed Regulations Could Negatively Impact Family-Controlled Entities, Oct. 11, 2016

The Probate Process from State to Finish – Probate Property v. Non-Probate
Assets, National Business Institute, 2017

The Probate Process from State to Finish – Tax Reporting and Post-Mortem Tax
Matters, National Business Institute, 2017

Succession Planning to Future-Proof Organizations, SKO Corporate Seminar, 2014

Traditional & Advanced Estate Planning, Young Professionals Association of
Louisville, 2014

Estate Planning Update, Louis A. Grief Tax Planning Institute, 2012

Income Taxation of Trusts and Estates, National Business Institute, 2012

Gift and Estate Planning - A New Focus, Society of Financial Service Providers, 2011

Tax Planning and Policy: The Road Ahead, UBS, 2011

Considerations for Conversion to a Roth IRA, Society of Financial Service Providers, 2010

Fiduciary Income Tax and Accounting Issues, Huntington National Bank, 2009