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 (2016)
    • Ohio
    • USA: Recognized Practitioner
  • Chambers USA: Recognized Practitioner: Wealth Management in Ohio (2014 to 2016)
  • The Best Lawyers in America© (2010 to 2017)
    • 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
Tax Season Is in Full Swing: Beware of the W-2 Spear Phishing Scam
January 27, 2017
By Patrick H. Haggerty Editor’s Note: This blog post is a joint submission with BakerHostetler’s Data Privacy Monitor blog. Last year we saw an unprecedented number of companies of all sizes fall victim to a W-2 spear phishing scam. The...
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WealthDirector
Same-Sex Spouses Authorized to Recalculate Transfer Tax Treatment of Prior Gifts and Bequests
January 20, 2017
The IRS recently issued Notice 2017-15 to provide same-sex spouses relief to recalculate the federal estate, gift and generation-skipping transfer (GST) tax treatment of gifts and bequests made before the Defense of Marriage Act (DOMA) was...
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WealthDirector
The Impending Death of the Stretch IRA?
November 10, 2016
It can, at times, seem like a fool’s errand to focus too closely on specific provisions contained in proposed legislation. As any casual observer of Congress can attest, committee proposals frequently die unenacted or undergo significant...
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WealthDirector
IRS Revenue Procedure Confirms IRS Will Respect QTIP Elections When Portability Elections Also Made
By Amanda K. Tate
October 24, 2016
The IRS resolved an important issue when it issued Revenue Procedure 2016-49, effective September 27, 2016, clarifying that the IRS would not disregard qualified terminable interest property (QTIP) elections for estates that also made a...
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WealthDirector
IRS Regulations Clarify Definition of Spouse for Federal Tax Purposes in Light of Obergefell v. Hodges
By Amanda K. Tate
October 18, 2016
The IRS has issued final regulations clarifying the definitions of “spouse,” “husband,” “wife,” and “husband and wife” for federal tax purposes. The final regulations now define “spouse,” “husband” and “wife” as any individual lawfully...
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