Attorneys
Trav Baxter

Trav Baxter

Member
Email:tbaxter@mwlaw.com
Phone:(501) 688.8898
Location: Little Rock
Bar Admissions: Arkansas

Trav Baxter is a member of the Business Practice Group.  He joined the firm in 2007 and was elected Member in 2014.  Mr. Baxter has provided counsel to individuals and business entities for more than ten years in the following areas of law:  estate planning, tax advice, administration of trusts and estates, formation and operation of business entities, succession planning, premarital agreements, and agricultural law. His practice ranges from the drafting of simple wills, trusts and powers of attorney for property management and health care decisions, to multi-generational estate, gift and generation-skipping transfer tax planning. With a family background in agriculture, Mr. Baxter also assists clients with various agricultural related matters.

Experience

  • Experience in drafting and providing advice concerning (i) bypass and marital deduction trusts, and disclaimer trusts, to ensure use of both spouses estate tax exemptions and for income tax basis planning, (ii) dynasty trusts for tax and non-tax purposes, (iii) family limited partnerships, and (iv) sales to intentionally defective grantor trusts.
  • Assists clients with the formation of business entities, including limited liability companies and corporations, and the preparation of buy-sell agreements associated therewith.
  • Has represented clients requesting letter rulings from the Internal Revenue Service, including (i) a request for relief from an inadvertent termination of an S corporation election due to the failure of the certain trusts to make required ESBT elections, (ii) a request that a 501(c)(3) organization classified as a private operating foundation qualifies as an “exempt operating foundation,” as that term is defined by § 4940(d)(2) of the Internal Revenue Code, and (iii) a request that certain actions pursuant to a trust agreement will not constitute the exercise or release of a general power of appointment.
  • Regularly counsels clients on identifying succession planning objectives and tools to implement those objectives, including (i) continuity of the business operation, (ii) incorporating the next generation into management and ownership at the appropriate time so that they have the knowledge and experience to run the operation and build connections with employees, vendors and others in the industry, (iii) providing financial security for surviving spouses, (iv) assuring equitable treatment of active and inactive heirs, and the establishment of certainty of rights upon the death of parents, (v) minimizing estate taxes and probate expenses, (vi) continuance of charitable giving.
  • Experience in providing trust and business planning advice for clients engaged in the agriculture industry, including advice regarding compliance with federal farm program payment rules and regulations.
  • Regularly works with individuals and corporate fiduciaries regarding trust and estate administration.
  • Authored Succession Planning for Family Farms, The Arkansas Lawyer, Fall 2015.
  • Regularly speaks on estate, business and tax planning matters.

Education

  • University of Arkansas School of Law J.D., cum laude (2006)
  • University of Florida School of Law LL.M. (2007)
  • Sewanee: The University of the South B.A. (2003)

Professional Recognition

  • Chambers USA:  Ranked as "Up and Coming" in Corporate/Commercial Tax in Arkansas (2017)
  • The Best Lawyers:  Trusts and Estates (2018)

Involvement

  • Member, Central Arkansas Estate Council (2007 – Present)
  • Member, American Agricultural Law Association (2008 – Present)
  • Member, Pulaski County Bar Association (2007- Present)
  • Member, American Bar Association (2007- Present)
  • Member, Arkansas Bar Association (2007 – Present)
    • Former Co-Chair, Arkansas Bar Association Mid-Year Bar Meeting Probate Tract (2012)
    • Former Committee Member, Legislation Committee for Probate Section (2010 – 2012)
    • Former Chair, Agricultural Law Section (2013)