William S. Forsberg
Shareholder
150 South Fifth Street
Suite 2300
Minneapolis, MN 55402
Practice Areas
William Forsberg focuses his practice on estate planning, taxation and corporate law. He is a frequent lecturer both nationally and locally, has published several articles on tax and estate planning, and has been quoted in such national publications as the Wall Street Journal.
William is a Fellow of the American College of Trust and Estate Counsel, and is chair of the Business Planning Group of the Real Property Trust and Estate Law Section (RPTE) of the American Bar Association, which deals with tax planning issues that affect family businesses. He also is a Fellow of the American Bar Foundation and, while serving as chair of two task forces for the Business Planning Groups of the RPTE Law Section of the American Bar Association, he and other group members submitted comments to the IRS on estate tax issues, including one submission to Congress. William is licensed in Minnesota and Florida, is certified in tax law by The Florida Bar and is a Minnesota Certified Public Accountant (inactive).
William has been selected for inclusion in Super Lawyers® since 2005 as one of the top 40 Minnesota estate planning attorneys, and has been named among The Best Lawyers in America. William served as an adjunct professor at William Mitchell College of Law, where he taught courses in trusts and estates and estate and gift taxation, and is a frequent contributor to Minnesota State Bar Association’s Bench & Bar of Minnesota magazine.
Professional and Civic Activities
- Fellow, American College of Trust and Estate Counsel (ACTEC)
- Member, ACTEC Business Planning Committee
- Member, American Institute of Certified Public Accountants
- Member, Minnesota Society of Certified Public Accountants
- Member, American Bar Association (ABA)
- Vice Chair, ABA Real Property Trust and Estate Law Section (RPTE) Business Planning Group
- Chair, ABA RPTE Business Investment Entities, Partnerships, LLCs and Corporations Committee, 2006-2007
- Member, Florida Bar Association
- Member, Minnesota State Bar Association
- Member, Hennepin County Bar Association
- Member, Hillsborough County Bar Association
- Member, PACER Corporate Sponsorship Committee
- Member, Benilde-St. Margaret School Planned Giving Committee
Experience
Publications
William S. Forsberg, "Asset Protection and the Limited Liability Company: Not the Panacea of Creditor Protection That You Might Think!" Probate & Property (November/December 2009)
Jessica A. Cohan & William S. Forsberg, "The IRS's Section 6166 Security Dance: IRS Notice 2007-90 and Security for Deferred Payment of Estate Taxes Under Code § 6166," Probate & Property (July/August 2008)
William S. Forsberg & Hugh F. Drake, "The New IRS Appraiser Penalties Under Code § 6695A: Fair and Balanced or Simply Unworkable?" Probate & Property (September/October 2007)
William S. Forsberg & Hugh F. Drake, "Lawyers' Group Protests The Appraiser Penalties," Trusts & Estates (March 2007)
William S. Forsberg & Darren M. Wallace, "Planning for Property Interests in More Than One State After the Demise of the State Death Tax Credit," Probate & Property (September/October 2004)
William S. Forsberg, "The Snowbird's Plight: Migratory Minnesotans Must Beware Where They Land," Bench & Bar of Minnesota (April 2004)
Richard B. Gregory & William S. Forsberg, "Leveraged Transfers of Business Assets," Probate & Property (November/December 2002)
William S. Forsberg, "Spendthrift Trust Rules" Should Minnesota Make Exceptions?" Bench & Bar of Minnesota (August 2002)
William S. Forsberg, "Icarian Estate Planning: Risks and Opportunities in the 2001 Tax Act," Bench & Bar of Minnesota (August 2001)
William S. Forsberg, “Special Powers of Appointment: The Key to Flexibility in Planning,” Checkpoint, Estate Planning Journal, Volume 27, Number 01 (January 2000)
William S. Forsberg, "Gift Transactions Under the Statutory Short Form Power of Attorney," Bench & Bar of Minnesota (September 1999)
Admissions
Education
- J.D., William Mitchell College of Law
- B.S., Accounting, University of Minnesota
- B.A., History, University of Minnesota
Admissions
- State of Florida
- State of Minnesota
- U.S. District Court for the District of Minnesota
- U.S. Court of Appeals for the Eighth Circuit
- U.S. Tax Court