Terry
L.
Slye
Shareholder; Estate Planning and Administration; Nonprofit Organizations
Terry is a shareholder in the firm of Briggs and Morgan, Professional Association. He is based in our St. Paul office and serves as head of the firm’s Estate Planning and Administration Section and co-chair of the Nonprofit Practice Group. Terry practices principally in the areas of:
- Estate planning
- Trust law
- Nonprofit organizations law
Terry’s practice is divided between trusts and estates and nonprofit organizations. The former includes estate planning, drafting wills and trusts, estate administration, trust administration, and preparation of related federal income and estate tax returns. He advises clients of relevant income, estate, gift and generation-skipping transfer tax considerations, plus other excise taxes which may apply to a client’s plans for transferring assets to family or other beneficiaries.
He also does substantial work with tax-exempt charitable entities, most of which are organized for educational, religious and health care purposes.
Terry was elected a Fellow of the American College of Trust and Estate Counsel by its Board of Regents. Election involves a rigorous nomination and review process, and requires demonstrated excellence in trust and estate law, and significant contributions to the profession. He is admitted to practice in all Minnesota state and federal courts, the Eighth Circuit Court of Appeals, the U.S. Tax Court and the U.S. Supreme Court.
Terry is past chair and section council member for the MSBA Probate and Trust Section and is a frequent speaker on estate planning. Recent topics include “The Minnesota Estate Tax Dilemma and Drafting Solutions,” “The Hubert Regulations and the Estate Tax Marital Deduction”, “Drafting Charitable Remainder Trusts” and “Drafting Family Shares.” Terry is a member of the “Wax and Seal,” which publishes Drafting Wills and Trusts for the State of Minnesota. He has authored two chapters, “Taxation Issues” and “Closing the Estate and Final Accounting” for Minnesota Estate Administration, published by the Minnesota State Bar Association. He is co-author of “Succession and Estate Planning Issues for Franchisees, An Overview” ABA Forum on Franchising, (1993). Terry also has been an Associates Articles Editor for Probate and Property published by the Real Property, Probate and Trust Law Section of the American Bar Association.
Terry is the past chair of the Probate and Trust Section of the Ramsey County Bar Association and is a member of the Minnesota State and American Bar Associations. He is a trustee and vice chair of Houghton College in New York, a director of the Briggs and Morgan Foundation, secretary of the Elmer L. and Eleanor J. Andersen Foundation and the Donald D. and Angela W. Wozniak Foundation. He is a past board member and treasurer of the St. Anthony/New Brighton Education Foundation. Terry has been listed as a “Super Lawyer” in Minnesota Super Lawyers, Mpls/St.Paul Magazine and Twin Cities Business Monthly, which represents the top 6 percent of Minnesota lawyers. He also has been listed as one of the Top 40 Trust & Estate Planning Attorneys by Minnesota Super Lawyers, and is listed in The Best Lawyers in America in trusts and estates law.
Terry received his B.A. summa cum laude from Houghton College. He received his law degree from Harvard University Law School where he was Editor-in-Chief of the Harvard Journal of Law and Public Policy. Following law school he clerked for Justice C. Donald Peterson of the Minnesota Supreme Court. Terry joined Briggs in 1983.