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Mark D. Olson

Partner T: 302.888.5211 F: 302.571.1750
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Mark Olson divides his practice between federal and Delaware tax matters, and planning involving the use of Delaware trusts.  His clients include individuals, closely held businesses, financial institutions, and real estate owners, investors and developers.

Experience

  • Advising trustees of Delaware Statutory Trusts in connection with judicial resolution proceedings
  • Advising real estate owners and investors in structuring complex like kind exchanges, including reverse exchanges, and build-to-suit and parking transactions
  • Counseling financial institutions and other clients in connection with modification of existing trusts through changes of situs, decanting, non-judicial settlement agreements and grantor consent agreements
  • Advising closely held business owners in implementing S corporation elections with Qualified Subchapter S Trusts and Electing Small Business Trusts as stockholders
  • Successfully defending estate tax, gift tax and income tax return examinations
  • Working with closely held business owners to develop and implement succession plans
  • Implementing successful strategies for tax-advantaged intra-family transfers of real property and closely held business interests and other assets

Professional Affiliations

Delaware State Bar Association

  • Tax Section, Member, Past Chair
  • Trusts and Estates Section

American Bar Association

  • Section of Taxation
  • Real Property, Trust and Estate Law Section

Community Affiliations

Estate Planning Council of Delaware

Wilmington Tax Group

Meeting Ground, Inc., Board of Directors, 2009 – 2012

New Castle Presbytery of the Presbyterian Church (U.S.A.)

  • Vice Moderator, Moderator, Chair of Presbytery Council 2013 - 2015

Trustee, 1999 – 2005, 2009 – 2012

More Light Presbyterians, Board of Directors, 2015 - present

Practice areas

Honors

Best Lawyers®, 2011-2017

Best Lawyers®, 2016 "Lawyer of the Year" for Tax Law

Martindale-Hubbell, AV Rating

Admissions

Delaware, 1976

U.S. Tax Court

U.S. Supreme Court

Education

University of Pennsylvania Law School, J.D., 1976

State University of New York at Binghamton, B.A., 1973