Mr. Olansen focuses his practice on estate planning, individual and entity tax planning, asset protection and a variety of related transactional matters. He is experienced in drafting and implementing estate planning documents and assists clients with the administration of trusts and estates, whether through the probate process or in private trusts. He also has extensive experience in individual, trust, estate and entity income tax compliance and preparation.
Mr. Olansen assists clients in obtaining private letter rulings from the IRS, and routinely represents clients before the IRS and state taxing authorities in tax disputes, appeals and litigation. Tax-exempt organizations, including entities ranging from small private foundations to large public charities, also benefit from Mr. Olansen's tax counsel. In addition, Mr. Olansen provides specialized legal and tax advice in the areas of business succession planning, business entity start-ups, mergers, acquisitions, corporate re-organizations and divorce.
Mr. Olansen and his wife reside in Virginia Beach with their four children. He is also a certified public accountant, and served in the U.S. Marine Corps as a member of Delta Co., 4th Light Armored Reconnaissance Battalion, 4th Marine Division.
Education
Boston University School of Law
Master of Laws (LL.M.) in Taxation (2002)
Regent University School of Law
Juris Doctor (2000)
Old Dominion University
Bachelor of Science in Psychology (1995)
Court Admission
United States Supreme Court
United States Court of Appeals for the Fourth Circuit
United States District Court for the Eastern District of Virginia
United States Tax Court
Supreme Court of Virginia
Certified Public Accountant
Professional Recognition
Virginia State Bar
- Trusts and Estates Section (Board of Governors and Secretary)
- Taxation Section
Hampton Roads Tax Forum (President)
Hampton Roads Estate Planning Council
Virginia Society of Certified Public Accountants
Publications
The Ten Most Common and Costly Mistakes Made in No-Fault Divorce Proceedings, General Practice Plus, December 2000.
Tax Efficient Transfers of Qualified Accounts, The Quarterly Counselor, July 2008.
Protecting the IRA from the Claims of Beneficiary Creditors, Trusts & Estates Section Newsletter of the Virginia State Bar, December 2008.
Tax Legislation Update, Small Business Insight, October 2010.
Speaking Engagements
Tax Traps for the Divorce Attorney, Virginia CLE, December 2004.
Spring 2009 Tax Update, Tidewater Builders Association.
Probate: Beyond the Basics, National Business Institute, July 2009.
Trusts 101, National Business Institute, October 2010.
Building, Preserving & Realizing Value in Your Privately Held Business,
The SBI Owners Council Quarterly Symposium, March 2011.
Drafting Effective Wills and Trusts, National Business Institute, August 2011.
Community Involvement
Kings Grant Baptist Church (Long-Range Planning Committee)
Community Tax Law Project (Volunteer Attorney)
Small Business Insight
- Owners Council
United Way of South Hampton Roads
- Community Funding Committee
- Financial Stability Panel