Daniel H. Markstein, III
Shareholder
PROFILE
AWARDS
AFFILIATIONS

Danny’s Profile

Danny is a shareholder and member of the firm’s Estate, Trust & Business Planning,Tax and Fiduciary, Trust & Estate Litigation practice groups. Danny earned an LL.M. from Harvard University, LL.B. from the University of Alabama, and A.B. from Washington and Lee University. He has over 45 years of experience providing clients with solutions to issues regarding their business, family, tax and estate planning, as well as developing and implementing innovative plans to protect their business and personal interests. His skills and talents have earned numerous accolades, the most recent of which is his Band 1 ranking by Chambers and Partners in “Private Wealth Law.”

Danny’s list of distinguished clients includes family-owned businesses and other privately-held businesses and their owners, entrepreneurs, nonprofit and exempt organizations, corporate and individual fiduciaries, and individuals.  He has first-hand experience handling complex business and tax matters unique to various industry sectors, including real estate, banking and financial, health care, manufacturing and technology, among others.

His comprehensive knowledge spans all aspects of federal, state and local tax laws. Unlike other lawyers, Danny does not just proclaim to have a tax background; rather, he leverages his honed tax experience with his keen knowledge of the business climate and the nuances of income, gift and estate tax planning every day in his practice.

Areas in which Danny counsels and advises his clients include, but are not limited to, the following:

  • Business, financial and estate planning;
  • Concentrated stock positions, stock options and restricted stocks;
  • Wealth management;
  • Charitable trusts and planned giving;
  • Business succession planning and post-mortem planning;
  • Business and family limited partnerships, LLCs and S corporations;
  • IRAs and qualified plans, including ESOPs;
  • Planning with life insurance; and
  • Ante-nuptial agreements.

Danny served to the rank of Captain with the United States Army Military Assistance Command Vietnam, and he was awarded the Bronze Star and the Purple Heart. He is Past President of the American College of Trust and Estate Counsel (ACTEC), a professional association comprised of approximately 2,600 lawyers throughout the United States, Canada and other jurisdictions around the world selected as Fellows based on their reputation and skills in the areas of trusts and estates and their contributions to these areas through lecturing, writing and teaching. Recently, he was asked by ACTEC to Chair a task force to analyze and comment on the newly-proposed regulations under Section 2704. He is also a Fellow of the American College of Tax Counsel and former Trustee of the American Institute on Federal Taxation. Danny has numerous published works, and he is a frequent lecturer at tax and estate planning conferences throughout the country.

Danny’s Awards

  • Chambers and Partners HNW Guide: The World’s Leading High Net-Worth Advisors, Band 1 Leading Individual for “Private Wealth Law” (2017-present)
  • The Best Lawyers in America© for Corporate Law, Litigation and Controversy:Tax, Litigation: Trusts and Estates, Mergers & Acquisitions Law, Securities/Capital Markets Law, Tax Law, Trusts and Estates (1983-present)
  • Mid-South Super Lawyers for Estate & Probate (2008-2017)
  • Birmingham Business Journal’s Best of Bar 2006 in Tax
  • Martindale-Hubbell AV® Preeminent Rating
  • Birmingham Business Journal “Veterans of Influence” Honoree (2017)

Danny’s Affiliations & Civic Involvement

Affiliations

  • Lex Mundi, former member of governing board
  • American Bar Association
  • American College of Trust and Estate Counsel, Past President
  • American College of Tax Counsel, Fellow
  • American Institute on Federal Taxation, former Trustee
  • Alabama State Bar Association
  • Estate Planning Council of Birmingham, former President
  • University of Alabama Federal Tax Clinic, former member of governing board

Civic Involvement

  • Birmingham Symphony Orchestra, former member of governing board
  • Eye Foundation, Inc., former member of governing board
  • International Retinal Research Foundation, former member of governing board
  • Legal Aid Society of Birmingham, former member of governing board
  • Leadership Alabama
BAR ADMISSIONS
State Bar:Alabama
EDUCATION
Harvard University (1969, LL.M.)
University of Alabama School of Law (1966, LL.B., Alabama Law Review, Editor-in-Chief; Omicron Delta Kappa)
Washington and Lee University (1963, A.B., Phi Beta Kappa)
Publication
One Family, Lasting Impact
Publication
Business Succession Planning that Meets the Owner's Needs
News
116 MAYNARD COOPER & GALE ATTORNEYS RECOGNIZED IN THE 2019 BEST LAWYERS IN AMERICA©
Birmingham, AL. Maynard Cooper & Gale is pleased to announce that 116 of the Firm’s attorneys have been recognized as leaders in their areas of practice in the 2019 edition of The Best Lawyers in America©. Included in...
News
MAYNARD COOPER & GALE RECEIVES TOP HONORS IN THE 2018 CHAMBERS HIGH NET WORTH GUIDE
Birmingham, AL. Maynard Cooper & Gale is pleased to announce that the firm and three of its shareholders have earned the top tier, Band 1 ranking in the recently released Chambers High Net Worth (“HNW”) 2018 Guide: The Wor...
News
95 MAYNARD COOPER & GALE ATTORNEYS DISTINGUISHED IN THE 2017 SUPER LAWYERS LISTINGS
Maynard Cooper & Gale is pleased to announce that 95 attorneys have been selected as 2017 Super Lawyers, including 90 among the firm’s Alabama office locations, two in the firm’s New York office, and three in its San Francisco office....
Event
All in the Family: How to Counsel Family Businesses and Business Families