Sally Stolen Grossman
Sally Stolen Grossman counsels individuals, business owners, and their families nationally on business succession planning, estate planning, estate and trust administration, and fiduciary litigation. She helps clients determine their objectives and then develop strategies to meet those objectives. Those objectives often include preserving wealth for future generations, transitioning the family business, providing sufficient liquidity for a spouse, protecting children’s inheritance, benefitting charity, and minimizing gift, estate, and income taxes.
She works with family-held business owners to develop succession plans to transition the business to younger generations, third-party buyers, or employees. Sally also has extensive experience counseling families in the administration of large, complex estates and trusts that hold significant family or closely held business interests. Sally’s clients appreciate her ability to keep them focused on their legacy and to simplify the often complex tools that could be used to implement their plans. She helps her clients avoid analysis paralysis. Estate and business succession planning can require clients to make difficult choices, but Sally keeps these choices as simple as possible.
Sally connects with her clients on a deeply personal level, whether she is serving as estate planning counsel, administering an estate or trust, working with a business owner to develop a transition plan, or managing the legal team that acts as in-house counsel for the family-held business. Sally also advises corporate and individual trustees and family offices. She managed a legal team that defended an individual trustee in multi-million litigation that reached the Minnesota Supreme Court, making new law and achieving a complete victory for her client.
Sally represents high net worth individuals from all walks of life and family business clients in a variety of industries, including automotive, wholesale grocery, distribution, excavating, manufacturing, and trucking. She has extensive experience working with bank holding company owners.
In her spare time, Sally serves on nonprofit boards, indulges her passion for travel, and sings in two select chamber choirs. As a former ski-racer who started both her high school and college women’s ski teams, she loves to hit the slopes each year with a group of equally ski-crazed fellow firm lawyers.
- U.S. District Court District of Minnesota
- “Five Star Accounting and Estate Planning Professional,” Five Star Professional, 2012, 2014-2015
- “Planning Your Legacy: Coordinating Business Succession and Charitable Planning,” St. Paul and Minnesota Community FoundationsNovember 1, 2018
- March 14, 2018
- “All in the Family: Successful Succession Planning That Anticipates Regulatory Issues," co-presenter, Bank Holding Company Association ConferenceOctober 3, 2017
- July 20, 2017
- September 8, 2016
- February 12, 2015
- "How An 18th Century Term of Art That ‘Really Means Nothing’ Led to Ten Years of Litigation: The Minnesota Supreme Court’s 2012 Decision on the Effect of General Directives to Pay Debts in Trust Instruments," copresenterAugust 1, 2013
- “Getting Down to Business; Practical Estate Planning for The Family Business Owner,” 38th Annual MSBA Probate and Trust Law Section ConferenceJune 4, 2012
- December 9, 2010
- May 3, 2010
- “Counseling to Family/Closely Held Business: Can't We All Just Get Along,” Minnesota Family Business Awards Seminar, May 7, 2009May 7, 2009
- April 1, 2008
- “What Do You Mean I’m Not Going to Live Forever?,” Succession Planning Presentation to Bank Holding Company Association, with John Edson, October 9, 2007October 1, 2007
- September 26, 2007
- May 1, 2007
- “Don't Let Your Business Retire or Expire When You Do,” Gray Plant Mooty Trust Estate & Charitable Planning Practice Group Luncheon, copresented with Sheryl MorrisonMay 1, 2007
- January 1, 2002
- “Estate Planning: How to Approach in Family Business” (panel discussion), The John M. Morrison Center for Entrepreneurship, University of St. ThomasJanuary 1, 2002
- January 1, 1998
- American Bar Association
- Minnesota State Bar Association
- Law clerk for the Honorable Donald Alsop, U.S. District Court, District of Minnesota
- St. Olaf College Alumni Board, former board member and chair
- Diverse Daisies, board member
- I Cantanti and Le Donne Chamber Choirs, member
- October 24, 2019
- June 3, 2019
- April 6, 2018
- May 7, 2014
- September 15, 2010
- “Bogert, The Law of Trusts and Trustees, Chapter 16: Trusts and Conflicts of Law Problems,” (2nd ed. revised), co-author,20154/29/2015
- “Business Succession Planning Answer Book,” co-editor, CCH INCORPORATED, 2012-201512/31/2011
- "The Special Legal Needs Of Family Businesses," Minnesota Business12/1/2009
- "One Step At A Time," BusinessCentral11/15/2008
- “The Essential Elements of a Succession Plan for a Family Business,” Journal of Taxation of Investments, coauthored with Larry D. Hause1/1/2006
- “Don’t Let Your Business Succession Plan Turn into a Series of Unfortunate Events,” Women’s Business Minnesota, coauthored with Sheryl Morrison6/1/2005
80 South Eighth Street500 IDS CenterMinneapolis, MN 55402
University of Minnesota Law School, J.D., magna cum laude, Felix Moses Award for Highest GPA; Phi Kappa Phi; Minnesota Law Review, staff member and editor; Order of the Coif
St. Olaf College, B.A., summa cum laude, Phi Beta Kappa; Departmental Distinction, Economics Dept.