Carter, D. Blake "J.R."

Betty joined BSD&D in 1994. She practices in the areas of taxation, corporate, partnership and limited liability company law, and estate planning and administration. Betty has been involved in tax and non-tax related planning for business relationships of all types, with a particular emphasis on partnership and limited liability company issues. She also has experience in structuring like-kind exchanges, executive compensation arrangements and dealing with the unique tax and planning issues faced by exempt organizations engaged in business ventures. On the non-business side, Betty has extensive experience in estate planning including generation skipping transfer tax planning and the creation of intentional grantor trusts, qualified personal residence trusts, family limited liability companies and private foundations. Betty has given presentations to graduate level business students on the topics of business formation and employment law issues relating to hiring, disciplining and firing employees. She has also spoken before the Association of Governmental Accountants on estate planning.

Representative Cases/Transactions
Formed limited liability company and prepared Operating Agreement for multi-million dollar real estate development.

Structured interest of tax-exempt entity and prepared Operating Agreement for multi-million dollar commercial development involving taxable and tax-exempt entities.

Reviewed and analyzed Michigan tax issues in connection with Michigan real estate deals involving foreign master limited partnerships and limited liability companies.

Prepared comprehensive estate planning documents for high net worth client involving generation-skipping transfer tax planning and implementation of gifting program involving family limited liability company.

Prepared documentation and filings needed to obtain recognition of tax-exempt status for private foundations and other charitable and civic organizations under Sections 501(c)(3) and 501(c)(4) of the Internal Revenue Code.

Presently serving as Probate Court-appointed Conservator for disabled high net worth individual.

Primary responsibility for tax research and preparation of memorandum in support of appeal in income tax audit.

Education
B.A., in Economics, Eastern Michigan University, 1989

J.D., with honors, University of Florida, 1992

LL.M., in taxation, University of Florida, 1993

Professional Affiliations
Admitted: State Bar of Michigan and United States District Court for the Eastern District of Michigan.

Member: Metropolitan Detroit and American Bar Associations (Member of Taxation, Business and Real Property and Probate Sections)

Member: Michigan Women's Tax Association