Todd L. Denison Partner

Todd Denison represents individuals and business entities in the areas of business transactions and operations, partnership and corporate taxation, real and personal property transactions, trust and estates (including sophisticated estate planning), charitable organizations (formation and operations), employee stock ownership plans and other qualified retirement plans, captive insurance, international transactions and taxation, tax controversies with the IRS and elder law. Mr. Denison’s clients include a regional engineering firm, national advertising agency, regional construction firm, regional stone and interior design firm and numerous family-owned businesses operating locally, regionally and internationally.

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Todd Denison represents individuals and business entities in the areas of business transactions and operations, partnership and corporate taxation, real and personal property transactions, trust and estates (including sophisticated estate planning), charitable organizations (formation and operations), employee stock ownership plans and other qualified retirement plans, captive insurance, international transactions and taxation, tax controversies with the IRS and elder law. Mr. Denison’s clients include a regional engineering firm, national advertising agency, regional construction firm, regional stone and interior design firm and numerous family-owned businesses operating locally, regionally and internationally.

Mr. Denison was with Lyons, Pipes & Cook in Mobile before the firm joined Phelps Dunbar. Mr. Denison served in the U.S. Army from 1986-1990, attaining the rank of Captain, and was posted in the Federal Republic of Germany.

Experience

  • Serves as corporate counsel for several area businesses with regional, national and international operations.
  • Counseled regional businesses with up to 1,000 employees in the formation of Employee Stock Ownership Plans (ESOP).
  • Represented ESOPs in selling stock to strategic buyers.
  • Formed and counseled numerous closely held businesses.
  • Assisted in the formation of offshore entities for U.S.-based businesses.
  • Counseled a business client in the acquisition of a Caribbean resort interest.
  • Represented a large corporate client in a joint committee tax deficiency case.
  • Counseled high net worth individuals with sophisticated estate plans.
  • Counseled numerous health care-provider clients with regard to business and regulatory issues.
  • Formed and counseled numerous tax exempt entities.

Insights

Publications
  • Author, “Legal Update: Control Premiums at Issue in New Lawsuit,” ESOP Report, The ESOP Association (February 2017)
  • Author, "Serving Clients by Adapting to Change in the Corporate Tax Planning Field," Inside the Minds- Strategies for Corporate Tax Planning, Aspatore (2011)
Speaking Engagements
  • Presenter, “Building your Board and Clarifying your Governance,” The ESOP Association 41st Annual Conference, Washington, D.C. (May 2018)
  • Presenter, “Crummey Powers and Estate Planning," Lorman Audio Conference (December 2017)
  • Presenter, “Protecting your ESOP Company from Legal Problems,“ NCEO Fall Forum, Tampa, FL (October 2017)
  • Presenter, "ESOP Introduction," Regional Estate Planning Council, Tallahassee, FL (January 2017)
  • Presenter, “Crummey Powers and Estate Planning," Lorman Audio Conference (December 2016)
  • Presenter, “Process and Decision Making of the ESOP Administration Committee," ESOP Trade Show and Conference (November 2016)
  • Presenter, "Introduction to ESOPs," Northwest Florida Estate Planning Council (July 2016)
  • Presenter, "Employee Stock Ownership Plans," Florida Institute of CPAs-West Florida Chapter (April 2016)
  • Presenter, "Crummey Powers," NBI - National Business Institute (December 2013)
  • Presenter, "Retirement Planning – Fiduciary Issues," in conjunction with Mobile, Alabama office of Merrill Lynch (May 2010)
  • Presenter, "Oil and Gas Interests in Trust," Southern Trust School (June 2009)
  • Presenter, "Estate Planning" Breakfast Seminar, University of Alabama School of Dentistry Alumni Association, 2008 Alumni Weekend (January 2008)
  • Presenter, "Estate Planning Techniques in Alabama," Lorman (August 2005)
  • Presenter, "Elder Care in Alabama: Legal and Financial Issues," NBI - National Business Institute (2005)
  • Presenter, "Estate Planning When a Spouse is Confronting Health Issues," NBI - National Business Institute (2005)
Events
  • Presiding Officer, The 68th Annual Federal Tax Clinic Presented by The Alabama Federal Tax Clinic (November 2014)

Memberships & Affiliations

  • Alabama State Bar
  • State Bar of Montana
  • American Bar Association, Sections on Business Law and International Developments in Corporate Governance; Taxation; Probate and Property; Communications Law Forum
  • Baldwin Bar Association
  • University of Alabama College of Continuing Studies, Federal Tax Clinic (Board of Directors, President- 2014)
  • Estate Planning Council of Mobile, Inc.
  • Senior Bowl Committee
  • Lions Club of Mobile (Board of Directors; President, 2017-2018)
  • Eastern Shore Exchange Club (Board of Directors)
  • Boys and Girls Club of South Alabama (Board of Directors, Executive Committee)
  • ESOP Association (Member, Legislative and Regulatory Committee)
  • National Center for Employee Ownership 
  • Alabama Law Institute - Asset Protection Trust Committee (producing proposed legislation) Member, 2018

Recognition

  • AV® Preeminent Peer Review Rated by Martindale-Hubbell
  • Selected to the Mid-South Super Lawyers Rising Stars list, Super Lawyers (Thomson Reuters), 2010-2014

Education

  • New York University School of Law
    LL.M. in Taxation, 2004
  • University of Montana School of Law
    J.D., 2003
  • University of Montana
    M.A., 1993
  • University of Montana
    B.A., 1986

Admissions

  • Alabama
  • Montana
  • U.S. District Court, Middle District of Alabama
  • U.S. District Court, Northern District of Alabama
  • U.S. District Court, Southern District of Alabama
  • U.S. Tax Court
  • Serves as corporate counsel for several area businesses with regional, national and international operations.
  • Counseled regional businesses with up to 1,000 employees in the formation of Employee Stock Ownership Plans (ESOP).
  • Represented ESOPs in selling stock to strategic buyers.
  • Formed and counseled numerous closely held businesses.
  • Assisted in the formation of offshore entities for U.S.-based businesses.
  • Counseled a business client in the acquisition of a Caribbean resort interest.
  • Represented a large corporate client in a joint committee tax deficiency case.
  • Counseled high net worth individuals with sophisticated estate plans.
  • Counseled numerous health care-provider clients with regard to business and regulatory issues.
  • Formed and counseled numerous tax exempt entities.
Publications
  • Author, “Legal Update: Control Premiums at Issue in New Lawsuit,” ESOP Report, The ESOP Association (February 2017)
  • Author, "Serving Clients by Adapting to Change in the Corporate Tax Planning Field," Inside the Minds- Strategies for Corporate Tax Planning, Aspatore (2011)
Speaking Engagements
  • Presenter, “Building your Board and Clarifying your Governance,” The ESOP Association 41st Annual Conference, Washington, D.C. (May 2018)
  • Presenter, “Crummey Powers and Estate Planning," Lorman Audio Conference (December 2017)
  • Presenter, “Protecting your ESOP Company from Legal Problems,“ NCEO Fall Forum, Tampa, FL (October 2017)
  • Presenter, "ESOP Introduction," Regional Estate Planning Council, Tallahassee, FL (January 2017)
  • Presenter, “Crummey Powers and Estate Planning," Lorman Audio Conference (December 2016)
  • Presenter, “Process and Decision Making of the ESOP Administration Committee," ESOP Trade Show and Conference (November 2016)
  • Presenter, "Introduction to ESOPs," Northwest Florida Estate Planning Council (July 2016)
  • Presenter, "Employee Stock Ownership Plans," Florida Institute of CPAs-West Florida Chapter (April 2016)
  • Presenter, "Crummey Powers," NBI - National Business Institute (December 2013)
  • Presenter, "Retirement Planning – Fiduciary Issues," in conjunction with Mobile, Alabama office of Merrill Lynch (May 2010)
  • Presenter, "Oil and Gas Interests in Trust," Southern Trust School (June 2009)
  • Presenter, "Estate Planning" Breakfast Seminar, University of Alabama School of Dentistry Alumni Association, 2008 Alumni Weekend (January 2008)
  • Presenter, "Estate Planning Techniques in Alabama," Lorman (August 2005)
  • Presenter, "Elder Care in Alabama: Legal and Financial Issues," NBI - National Business Institute (2005)
  • Presenter, "Estate Planning When a Spouse is Confronting Health Issues," NBI - National Business Institute (2005)
Events
  • Presiding Officer, The 68th Annual Federal Tax Clinic Presented by The Alabama Federal Tax Clinic (November 2014)
  • Alabama State Bar
  • State Bar of Montana
  • American Bar Association, Sections on Business Law and International Developments in Corporate Governance; Taxation; Probate and Property; Communications Law Forum
  • Baldwin Bar Association
  • University of Alabama College of Continuing Studies, Federal Tax Clinic (Board of Directors, President- 2014)
  • Estate Planning Council of Mobile, Inc.
  • Senior Bowl Committee
  • Lions Club of Mobile (Board of Directors; President, 2017-2018)
  • Eastern Shore Exchange Club (Board of Directors)
  • Boys and Girls Club of South Alabama (Board of Directors, Executive Committee)
  • ESOP Association (Member, Legislative and Regulatory Committee)
  • National Center for Employee Ownership 
  • Alabama Law Institute - Asset Protection Trust Committee (producing proposed legislation) Member, 2018
  • AV® Preeminent Peer Review Rated by Martindale-Hubbell
  • Selected to the Mid-South Super Lawyers Rising Stars list, Super Lawyers (Thomson Reuters), 2010-2014