Elie Foy is a board-certified specialist in estate planning and probate law with extensive experience working with both individuals and organizations in the Private Wealth and Charities Sectors.
With more than fifteen years of legal experience, Elie’s individual client practice focuses on the areas of estate and transfer tax planning, wealth preservation, estate and trust administration, and charitable planning. She also works with her colleagues in the UK on various cross-border tax issues for mutual individual clients.
Elie also advises tax-exempt entities on various issues, including governance and corporate structuring, grant-making procedures, and tax compliance. Elie has represented public charities, including supporting organizations, private foundations, educational institutions and social clubs.
Elie is a frequent speaker and author on trust and estate topics and is a Fellow in the American College of Trust and Estate Counsel.
Presentations and Publications
- “Basis Planning,” 2021 Advanced Estate Planning and Fiduciary Law Survey Course, sponsored by the North Carolina Bar Association, Cary, NC March 2021
- “Drafting in the Dark – How to Build Flexibility into Estate Plans During Times of Uncertainty,” Trust Advisors Forum, sponsored by the Trust Education Foundation, Inc., Pinehurst, NC, February 2021
- “Partnerships, LLCs and Corporations - Estate Planning and Probate Issues,” Estate Planning and Probate Law Survey Course, sponsored by the North Carolina Bar Association, Cary, NC September, 2019
- “Drafting in Uncertain Times,” Annual Meeting of the Estate Planning and Fiduciary Law Section of the North Carolina Bar Association, Kiawah Island, SC, July 2019
- “Hot Topics in Estate Planning,” Trust Advisors Forum, sponsored by the Trust Education Foundation, Inc., Pinehurst, NC, February 2019
- Author, “How Charitable Contribution Deductions Can Vanish in to Thin Air”, The Will and the Way (newsletter published by the Estate Planning & Fiduciary Law Section of the North Carolina Bar Association), February 2019
- Author, “Philosophy 101 – What is Reasonable Knowledge?” (examining CCA 201939002 and the valuation of publicly-traded stock for transfer tax purposes), The Will and the Way, December 2019
- Author, “Fiduciary Tax Returns,” North Carolina Estate Administration Manual (2018, 2019).
- “Hot Topics in Estate Planning – A Look at the New Tax Law,” Trust Advisors Forum, sponsored by the Trust Education Foundation, Inc., Pinehurst, NC, February 2018
- “Estate Tax: Estate Tax Deductions, Credits and Payments of Tax,” 2017 Estate Planning and Probate Law Survey Course, sponsored by the North Carolina Bar Association, Cary, NC, September 2017
Civic and Professional Activities
- American College of Trust and Estate Counsel, Fellow
- North Carolina Bar Association, Member Estate Planning and Fiduciary Law Section Council
- Wake County Estate Planning Council, Former President
- Faculty, Southeastern Trust School, sponsored by Trust Education Foundation and Campbell University
- Estate Planning Instructor, New Homeowner Classes at Habitat for Humanity
Honors and Awards
- Recognized in Business North Carolina magazine's Legal Elite, Tax/Estate Planning, 2013, 2015, 2017 – 2018, 2020 – 2021
- Super Lawyers Honoree in the fields of Estate Planning and Probate, Nonprofit Organizations, North Carolina Super Lawyers magazine (Thomson Reuters), 2018 – Present
- Business North Carolina Legal Elite: Young Guns, 2016 – 2017
- Selected to the North Carolina Rising Stars list by Super Lawyers (Thomson Reuters) in Estate Planning & Probate, Nonprofit Organizations, 2011, 2013 – 2015
Any result the lawyer or law firm may have achieved on behalf of clients in other matters does not necessarily indicate similar results can be obtained for other clients.
- Advise clients on matter related to wealth preservation and transfer tax planning, including business succession planning, generational wealth planning, and charitable planning
- Advise on lifetime gifting strategies to minimize transfer tax consequences at client’s death, including the use of charitable remainder trusts, GRATs, and family limited partnerships/LLCs
- Judicial and non-judicial modification of irrevocable trusts to provide for more flexible administration
- Represent executors and trustees in estate administration and preparation and filing of estate and gift tax returns
- Represent tax-exempt organizations on various governance and tax compliance issues