Lisa A. Roberts-Mamone

Partner

Cleveland
T +1.216.861.7710
F +1.216.696.0740
Orlando
T +1.407.649.8547
F +1.407.841.0168

Overview

Lisa Roberts-Mamone is experienced in the areas of estate planning and wealth transfer for high-net-worth individuals and families. She provides comprehensive guidance to clients involved in complex trust and estate matters, with a special emphasis on working with family offices and multigenerational families. Lisa is a trusted advisor and counselor to her clients, providing personal attention and support in difficult situations. Lisa's clients often require the knowledge of other BakerHostetler lawyers, so she effectively collaborates with other lawyers in the firm to address all aspects of the situations facing her clients.

Select Experience

  • Serves as the primary legal counsel to a multigenerational family served by a sophisticated family office. Recently assisted the family members with an audit of federal gift and estate tax returns involving a net gift transaction with closely held business interests; revised governing documents for foundations to ensure focused grant-making consistent with the founders' objectives; and advised regarding gifts of closely held business interests using formula clauses to reduce gift tax exposure in connection with potential valuation changes.
  • Assisted the family with the creation of a limited liability company to hold unique real property and the subsequent transfer of interests to trusts for family members. The goal of the plan was to retain real property in the hands of the historic family group for as long as possible without subjecting such property to estate tax. Assisted the family with transfers of additional financial assets to defective grantor trusts that are exempt for generation-skipping tax purposes.
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Experience

  • Serves as the primary legal counsel to a multigenerational family served by a sophisticated family office. Recently assisted the family members with an audit of federal gift and estate tax returns involving a net gift transaction with closely held business interests; revised governing documents for foundations to ensure focused grant-making consistent with the founders' objectives; and advised regarding gifts of closely held business interests using formula clauses to reduce gift tax exposure in connection with potential valuation changes.
  • Assisted the family with the creation of a limited liability company to hold unique real property and the subsequent transfer of interests to trusts for family members. The goal of the plan was to retain real property in the hands of the historic family group for as long as possible without subjecting such property to estate tax. Assisted the family with transfers of additional financial assets to defective grantor trusts that are exempt for generation-skipping tax purposes.
  • Serves as primary legal counsel to trustees of multiple interrelated family trusts. Provides ongoing advice associated with trust administration and fiduciary compliance matters. Recently advised the trustees regarding a consolidated investment policy under applicable law, securities matters related to investments held in sub-trusts for purposes of qualified investor rules, decanting situs change issues associated with irrevocable trust entities, and income "sifting" analysis under domestic and international tax accounting rules.
  • Assists individual and institutional fiduciaries with the administration of complex estates and the creation of multiple family trusts for family members following decedents' deaths. Recently advised a decedent's family with a multitude of business entities following the decedent's death with an insolvent estate. This representation involved the 

Recognitions and Memberships

Recognitions

  • Chambers HNW: Private Wealth Law
    • Ohio (2016, 2017)
    • USA: Recognized Practitioner (2016)
  • Chambers USA: Recognized Practitioner: Wealth Management in Ohio (2014 to 2016)
  • The Best Lawyers in America© (2010 to 2018)
    • Cleveland: Trusts and Estates
  • Ohio "Super Lawyer" (2014 to 2017)

Memberships

  • Ohio State Bar Association: Estate Planning, Probate and Trust Law Section
  • Cleveland Metropolitan Bar Association: Estate Planning, Probate and Trust Law Section
  • Florida Bar Association: Real Property, Probate and Trust Law Section
  • Cleveland Estate Planning Discussion Group: Founding Member
  • Estate Planning Council of Cleveland
    • Membership Committee
    • Former Board Member

Community

  • University Hospitals of Cleveland: Diamond Advisory Board
  • Case Western Reserve University: Professional Advisory Board
  • American Red Cross of Cleveland: Planned Giving Advisory Committee
  • Laub Foundation: Trustee

Admissions

  • Ohio
  • Florida

Education

  • J.D., Case Western Reserve University School of Law, 1988, magna cum laude, Order of the Coif, Law Review editor
  • B.A., Grove City College, 1985, magna cum laude

Blog

In The Blogs

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WealthDirector
The Three Most Important Provisions for S Corporations Under PATH Act
January 21, 2016
It has become a tradition that at the end of each year, Congress passes legislation to extend previous legislation. In late 2015, Congress passed Public Law 114-113, which contains the Protecting Americans from Tax Hikes Act (“PATH”)...
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WealthDirector
New Basis Reporting Requirements (and Penalties) for Decedents’ Estates
January 4, 2016
On July 31, President Obama signed into law the Surface Transportation and Veterans Health Care Choice Improvement Act (the “Act”) to reauthorize the Highway Trust Fund’s spending authority for another three months. To offset the...
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WealthDirector
Donors and Charities Benefit Under New Tax Legislation
December 31, 2015
While most provisions of the Internal Revenue Code (“Code”) do not automatically expire, there are dozens that do. Included among the expiring provisions have been several intended to enhance charitable giving. Each has been hostage to the...
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WealthDirector
Use of a Limited Liability Company for Charitable Purposes
December 21, 2015
On December 1, Mark Zuckerberg wrote a letter to his newborn daughter, Max, and shared it with the world (on Facebook, of course). The letter announced the commitment of Zuckerberg and his wife, Priscilla Chan, to improve the world in...
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WealthDirector
Family Trust Company Legislation Passes Ohio House
December 16, 2015
On December 9, 2015, House Bill 229 was passed by the Ohio House of Representatives by a vote of 84-8. The bill, which was almost two years in the making, allows an Ohio family to establish its own trust company to serve as trustee for its...
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