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Richard A. Johnson

Partner
Johnson-Richard-A-web
Assistant
Debbie Harris
615.850.8148 direct
debbie.harris@wallerlaw.com

Richard Johnson organizes and advises private trust companies in Nashville, Tennessee. For over 27 years, large family-owned and closely held businesses, high net worth individuals, family offices, and tax-exempt organizations, have sought out Richard to provide practical tax, business, and estate and trust planning solutions. Richard formed the first private trust company under Tennessee law and has been responsible for forming half of Tennessee's private trust companies. He drafted new legislation updating Tennessee’s private trust company law, which greatly expanded the definition of a private trust company to make Tennessee’s private trust company statutes more attractive than those in other states .  The updated law now provides the family the option to allow the family’s business to own the private trust company as a wholly owned subsidiary.

Family-owned businesses, high net worth individuals, tax-exempt organizations, and large closely-held companies, rely on Richard to provide practical tax and business planning solutions. Clients benefit from Richard's vast experience with S-corporations, LLCs, private trust companies, and partnership law which, when combined with strategic tax planning, helps minimize corporate and personal tax liabilities on both the state and federal levels.

Richard works with wealthy individuals, families, and their family offices to structure their assets and ownership interests to ensure security and financial stability. He does so by protecting and retaining wealth through sophisticated strategic planning related to:

  • Estate taxes
  • Generation-skipping transfer taxes
  • Gifting
  • Income taxes
  • Trusts

Clients appreciate his understanding of family dynamics—and the unique challenges families encounter—and have confidence in his ability to protect their wealth by applying common sense solutions.

In this interview, Richard discusses his work with private trust companies, when a private trust company is an appropriate choice for a family, and why Tennessee is a preferred forum for setting up a private trust company.

Owners of large, closely-held companies in a broad range of industries also seek Richard's advice on entity restructuring and transition plans, including management team succession, to fulfill long-range goals and help ensure the smooth transition of ownership and operation from one generation to the next.

A trusted advisor to 501(c)(3) and other tax exempt entities, Richard helps them structure fundraising activities to avoid unrelated business taxable income, create agreements between tax exempt and for profit entities, and address governance issues related to non-profit founders.

Recognitions

Best Lawyers in America recognizes Richard for his work in Tax Law and Trusts and Estates, and in 2012 named him as Tennessee's Lawyer of the Year for these categories.

Education

  • J.D., with honors, University of Tennessee, 1986
  • LL.M., University of Florida, Taxation, 1987
  • B.A., cum laude, University of Mississippi, Accounting, 1983

Bar Admissions

  • Tennessee
  • Florida

Court Admissions

  • U.S. Tax Court
  • U.S. District Court, Middle District of Tennessee

 

Videos

2.21.2013 - Founderitis: Panelists will Explore Both the Positive and Negative Aspects of Situations Where a Board Member or Executive Director Treats an organization as His or Her Own [Waller's 6th Annual Nonprofit Seminar - Moderator]

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