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Posted

Hi Everyone, 

Self referrals are welcome - a small ESOP company is looking for an attorney who can advise the plan/company about a real estate transaction they are considering in the very near future. For privacy purposes I won't post the details here, but if anyone could suggest an attorney they could contact, it would be welcome. 

If you send me your contact information - I'm happy to give more details privately to see if the scenario is something you are interested in working on - before I pass along your contact information to the ESOP. 

Thank you all. 

I'm a stranger on the internet. Nothing I write is tax or legal advice. 

I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?

Posted

While recognizing your aim of not putting too much information on a public website, it might help if you can, without risking privacy, mention:

Is the retirement plan buying? Is the retirement plan selling?

Is the company buying? Is the company selling?

Is the buyer not a party-in-interest regarding the retirement plan?

Is the seller not a party-in-interest regarding the retirement plan?

Is the real property employer real property?

Is the search for a lawyer to advise the buyer? Or a lawyer to advise the seller?

Or a lawyer to advise the plan’s fiduciary, even if the plan is neither the buyer nor the seller?

Which expertise does the advisee seek? Planning for ERISA-prudent decision-making? Or experience in real-property transactions? Or a firm with lawyers in both practices?

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

Posted

All valid questions - its a very unique situation, so I don't know how comfortable I am putting the answers on a public forum. If I get permission from them to post more details I will. 

I'm a stranger on the internet. Nothing I write is tax or legal advice. 

I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?

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