Vicki L. Monroe, a partner with McLaughlin & Stern, focuses her practice on a broad range of trust and estate matters, including design, drafting and implementation of wills and trusts; federal wealth transfer taxes; federal income taxation of trusts and estates; fiduciary administration; wealth planning with life insurance; business succession planning; fiduciary litigation; estate planning for same-sex couples and elder law. Ms. Monroe has extensive experience in the preparation of wills and trusts and all aspects of planning for the transfer of wealth between families and individuals. She regularly counsels clients on the basic principles of the federal transfer tax system, including estate tax, gift tax and the generation-skipping tax. Her practice includes counseling clients on the income tax issues arising in the context of forming and administering trusts and estates, including the grantor trust rules; simple and complex trusts; fiduciary accounting income, and distributable net income.
Ms. Monroe has extensive experience with the issues that the owners of closely held businesses face in the operation and disposition of their business interests. She assists clients and their other professionals with the formation and reorganization of closely held corporations, partnerships, and limited liability companies. She advises clients on stock recapitalizations and estate freezes as well as other planning opportunities that arise in connection with the sale of privately held businesses.
Ms. Monroe’s practice also focuses on planning with life insurance, including funding buy/sell agreements, providing liquidity for the estate and restoration of capital used for taxes.
Ms. Monroe has administered large and complex estates in Florida and Connecticut. She advises individual fiduciaries in connection with the planning and administration of substantial and complex trusts and estates. Ms. Monroe routinely counsels clients regarding elder law and special needs issues that arise in the course of planning their estates, including the need for powers of attorney, advance directives, Medicaid planning, asset protection strategies, and the formation of special needs trusts.
Prior to joining McLaughlin & Stern, Ms. Monroe was a partner at Hughes Hubbard & Reed, and Stearns Weaver Miller; and an associate at White & Case in Miami, Florida. In those capacities, she developed extensive experience in the banking industry and has handled cases involving the Bank Secrecy Act, breach of contract, consumer fraud, creditors’ rights, directors and officers liability, accountant’s liability, employee fidelity claims, money laundering, alleged truth-in-lending violations, and right to financial privacy issues. She regularly counseled clients in connection with regulatory exams and represented clients in connection with third party grand jury investigations.
In addition, Ms. Monroe has successfully defended clients in numerous class action lawsuits brought by borrowers as well as enforcement actions instituted by the Attorney General. She has also obtained substantial recoveries for clients in cases involving bank fraud, including a $77 million civil RICO verdict and an $18 million settlement from an international insurance company.
Ms. Monroe co-authored the article Due Diligence For Prospective Board Members, What You Need To Know When You’ve Been Asked to Join a Board.
Women Leaders in the Law (2015), AV Preeminent Peer Review Rating by Martindale-Hubbell, the highest rating from Martindale-Hubbell, given only to those attorneys recognized for their superior ethics and legal ability by their peers.