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Ronald D. Aucutt

Partner

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Practices
Education
  • University of Minnesota Law School, JD, magna cum laude, 1975
  • University of Minnesota, BA, summa cum laude, 1967
Admissions
  • Virginia
  • District of Columbia
  • U.S. Supreme Court
  • U.S. District Court for the Eastern District of Virginia
  • U.S. District Court for the District of Columbia
  • U.S. Court of Appeals for the District of Columbia Circuit
  • U.S. Court of Appeals for the 4th Circuit
  • U.S. Court of Appeals for the Federal Circuit
  • U.S. Court of Federal Claims
  • U.S. Tax Court
Affiliations

Member; 1976-present; Vice Chair, Committee Operations of the Section of Taxation, 1998-2000; Chair, Committee on Estate and Gift Taxes of the Section of Taxation, 1986-1988; Chair, Committee on Government Submissions of the Section of Taxation, 1991-1993, American Bar Association

Fellow, American College of Tax Counsel, 1993-present

Fellow, 1988-present; President, 2003-2004; Regent, 1996-2005; Chair, Business Planning Committee, 1997-2000, The American College of Trust and Estate Counsel

Academician, 1993-present; Member, Executive Council, 2001-2004, The International Academy of Estate and Trust Law

Member, The Bar Association of the District of Columbia, 1984-present

Member, Advisory Committee, University of Miami Philip E. Heckerling Institute on Estate Planning, 1999-present

Member, Editorial Board, Estate Planning, 1993-present

Member, Board of Advisors, Business Entities, 1999-present

Member, Advisory Board, Tax Management Estates, Gifts and Trusts Journal, 1999-present

Member, Board of Regents, Trinity International University, 1993-1997, 2000-2006, 2007-2009

Member, Board of Visitors, University of Minnesota Law School, 1998-2004

Moderator, 1995-1997, 2007-2009; Vice Moderator and Chairman of the Board of Directors, 1993-1995, Member of the Board of Directors, 1986-1992, 1993-1997, 2007-2011, Evangelical Free Church of America

Member, Christian Legal Society, 1998-present

Fellow, American Bar Foundation, 1993-present

OSCE International Observer, Bulgarian Parliamentary Elections, April 19, 1997

Ron is the Co-chair of McGuireWoods' private wealth services group, and was named 2012 "Washington, D.C., Trusts and Estates Lawyer of the Year" by Best Lawyers. The Washingtonian recognized him as one of Washington's 31 "Best Lawyers" (December 2011) and as one of the top 30 "Stars of the Bar" (December 2009). He holds Chambers USA's "Band 1" ranking for Wealth Management, and in 2009, he was elected to the National Association of Estate Planners and Councils Estate Planning Hall of Fame as a Distinguished Accredited Estate Planner.

He was also awarded the 1995-1996 Estate Planner of the Year Award by the Washington, D.C., Estate Planning Council. His biography appears in Who's Who in America, Who's Who in American Law, and Who's Who in the World. He is also listed in the Best Lawyers in America in Litigation & Controversy – Tax, Tax Law, and Trusts and Estates.

Ron concentrates on planning and controversy matters involving estate, gift, and generation-skipping transfer taxes; income taxation of trusts and estates; rules regarding tax-exempt organizations and charitable contributions, and related tax issues. He has extensive experience advising clients on the transfer of wealth from one generation to another, including the orderly and tax-efficient succession of family-owned businesses. He has contributed to the formation of estate tax policy through legislation since 1976, as well as in Treasury regulations, and has served as an expert witness in estate and gift tax matters.

He advises lawyers and other professionals on tax planning and controversy issues across the spectrum of estate planning and charitable giving, including the complex rules governing generation-skipping transfers under Chapter 13 and the special valuation rules under Chapter 14 of the Internal Revenue Code. He is experienced in resolving tax issues through rulings and technical advice in the IRS's national office, and in administrative appeals throughout the country.

Ron is a past president of The American College of Trust and Estate Counsel and a past vice chair for committee operations of the American Bar Association's Section of Taxation. He is a fellow of the American College of Tax Counsel and the American Bar Foundation.

He is a member of The International Academy of Estate and Trust Law; the Advisory Committee of the University of Miami Philip E. Heckerling Institute on Estate Planning; the Editorial Board of Estate Planning; the Board of Advisors of Business Entities; and the Advisory Board of Tax Management's Estates, Gifts, and Trusts Journal.

He has been a lecturer at the University of Virginia School of Law; has lectured on estate planning at more than 100 tax institutes and conferences nationwide; and is the author of more than 100 published articles on estate planning and related tax subjects. He is co-author of Structuring Estate Freezes, (Warren Gorham & Lamont, 1991-1993, 1996, with semi-annual supplements). He served in the U.S. Navy from 1970 to 1973, serving in Vietnam and achieving the rank of lieutenant.

Ron has been admitted in Minnesota and Texas, currently inactive.

vCard
T: +1 703 712 5497F: +1 703 712 5286raucutt@mcguirewoods.com1750 Tysons Boulevard
Suite 1800
Tysons Corner, VA 22102-4215
RESULTS DEPEND ON A VARIETY OF FACTORS UNIQUE TO EACH CASE. PRIOR RESULTS DO NOT GUARANTEE OR PREDICT A SIMILAR OUTCOME.

Assistance to wealthy clients in transferring sufficient wealth through grantor retained annuity trusts (GRATs), sales to grantor trusts, and life insurance trusts tax-free during their lives that they can leave their entire estates, or at least their residuary estates, at death to charity, thereby achieving significant charitable objectives and avoiding an estate tax audit.

Representation of clients in obtaining favorable letter rulings from the National Office of the Internal Revenue Service on subjects including the division, reformation, or early termination of long-term trusts with assets valued in excess of $100 million, the succession of a long-term trust by a limited liability company to continue a business with assets valued in excess of $1 billion, the overlap between the charitable and marital estate tax deductions in a flexible estate plan, the conversion of a marital trust to a graduated “unitrust,” the elaboration of the exception in Treasury regulations from the special valuation rules applicable to stock repurchase agreements when less than half of the stock is owned by family members, and permission to file a Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent, after its January 17, 2012, due date.

Assistance to lawyers and accountants nationwide in obtaining rulings, audit or appeal results, or other favorable outcomes from the Internal Revenue Service.

Prevention of the issuance of overly burdensome Treasury or IRS guidance through public and private participation in the comment process.

Assistance in the formation of private trust companies despite the lack of Treasury-IRS guidance.

Selected for inclusion in The Best Lawyers in America, Litigation & Controversy – Tax, Tax Law, and Trusts and Estates, Woodward/White, Inc., 2005-2015

Selected for inclusion in America's Leading Lawyers for Business, Wealth Management: Eastern Region, Chambers USA, 2008-2011, 2013, 2014

Named to "Washington, D.C. Super Lawyers," Tax, Estate Planning and Probate, Super Lawyers, Thomson Reuters, 2007-2013

Named to "Virginia Super Lawyers," Tax, Estate Planning and Probate, Super Lawyers, Thomson Reuters, 2006-2014

Named to "Legal Elite," Virginia Business, 2006, 2009-2012

Named one of 12 to “Top Trusts and Estates Lawyers,” Washington, D.C. Area, Legal Times, September 27, 2004

Named to “Top Washington Lawyers,” Washington Business Journal, September 10-16, 2004

Named to prestigious list of top financial professionals, "Finding Good Financial Help," The Washingtonian, December 2002

Selected to deliver the annual Joseph Trachtman Memorial Lecture at the 2011 annual meeting of The American College of Trust and Estate Counsel

Selected for inclusion in Who's Who in America, 1999-2011, Who's Who in American Law, 1992-2011, and Who's Who in the World, 1997-2011, Marquis Who's Who

Named one of 45 "Best Trusts and Estates Lawyers in the U.S." Town & Country Magazine, August 1998

Named to "Washington's Best Lawyers," Washingtonian Magazine, 1997, 2013

Recipient, Estate Planner of the Year Award, Washington, D.C. Estate Planning Council, 1995-1996

Author, Grantor Retained Annuity Trusts (GRATs) and Sales to Grantor Trusts, McGuireWoods LLP, October 2014 (revised)
Author, Estate Tax Changes Past, Present and Future, McGuireWoods LLP, September 2014 (updated)
Author, ACTEC Capital Letters, 2006-2013
Co-author, Making Sense of the 2010 Estate Tax Legislation, CCH, June 2011
Author, "Interpreting 2010 Estate Planning Documents," The Practical Tax Lawyer, Spring 2011
Author, "Reflections on FLP and LLC Cases," ACTEC Journal, Vol. 34, No. 2, Fall 2008
Author, "Creed or Code: The Calling of the Counselor in Advising Families," ACTEC Law Journal, Vol. 36, No. 4 (the annual Joseph Trachtman Memorial Lecture delivered at the 2011 annual meeting of The American College of Trust and Estate Counsel), Spring 2008
Author, "The ‘2% Floor’ Grows Up – A Biography of Legislation, Litigation and Regulations," ACTEC Journal, Vol. 33, No. 4, Spring 2008
Co-author, "Regulation and Legislation Update," Southeast Wealth Management Business, Vol. 1, Issue 5, February 2008
Co-author, "Washington Report," ACTEC Journal (ACTEC Notes before 2001), Quarterly 1993-2006
Co-author, Structuring Estate Freezes, Warren Gorham & Lamont, 1991-1993, 1996, with semi-annual supplements
Speaker, "Recent Developments In Tax" and "Defining a Trust," What You Do Not Know Can Hurt You, October 7, 2014
Speaker, IRS Trustee Fee Unbundling Rule: Will You Be in Compliance?, American Bankers Association Webcast, August 5, 2014
House Votes to Limit GRATs, March 29, 2010
Life Insurance Trusts in 2010, January 14, 2010
FLPs & LLCs in Recent Cases, September 29, 2009