Quarles & Brady



john.bannen@ Milwaukee Office Tel: (414) 277-5859 Fax: (414) 978-8624John T. BannenRetired Partner John Bannen was a partner in the firm's Estate, Trust & Wealth Preservation Group. His practice focused on estate planning and probate matters for individuals, small business owners, and professionals; marital property issues and agreements; reviewed evaluation of life insurance and annuity products; split dollar arrangements and related life insurance premiums for business owners; counseled small employers on pension and profit-sharing alternatives; and distribution strategies for accumulations of retirement income. He represented clients in estate tax audits, pension and profit sharing audits, and probate court and administrative practice. His special experience included: Intergenerational family wealth protection; drafted wills and trusts to minimize the effect of taxes and to minimize the risk of creditors' claims, and division of assets in the event of divorce. Planned for retirement, including distribution strategies for maximum income tax savings for retirement income, including pension, profit-sharing and 401(k) plans, and IRAs; planned for long-term care expenses and consideration of home care and nursing home insurance. Planned to simplify the passage of property to spouses and children upon death, focused on avoidance of probate. Independent and unbiased review of life insurance and annuity needs and products; consideration of life insurance-based tax strategies and planning. Settled disputes among family members relating to wills, trusts, or probate or trust administration. Education and Honors University of Wisconsin-Milwaukee (M.A.F.L.L., 2011) University of Wisconsin-Milwaukee (B.A., 2003) DePaul University College of Law (LL.M., 1989) Marquette University Law School (J.D., 1976) University of St. Thomas (B.A., 1973) Bar Admissions Wisconsin Court Admissions U.S. Tax Court, 1983 U.S. District Court, Eastern District of Wisconsin, 1979 U.S. District Court, Western District of Wisconsin, 1979 U.S. Court of Federal Claims Professional and Civic Activities Milwaukee Bar Association (Chairman, Legal Services For the Elderly Committee, 1984–1986; Chairman, Probate, Practice and Procedure, 1987–1988) American Bar Association (Taxation and Real Property, Probate and Trust Sections) State Bar of Wisconsin (Director, Real Property, Probate and Trust Law Sections 1990–1993) Taxation Section, Inter-Professional Relations Accountants' Committee, Member (1976–1980) Wisconsin Society of Chartered Life Underwriters (Director 1996–1998) American Society of Chartered Life Underwriters (CLU) Associate Member Association for Advanced Life Underwriters (AALU) (1999–2015) Wisconsin Retirement Plan Professionals, Ltd. (Director, 1987–1990) Fellow, American College of Trust and Estate Counsel (ACTEC), (1990–present) Trustee, ACTEC Foundation (2012–2017) ACTEC Wisconsin State Laws Coordinator (1992–1995) ACTEC Committee Chair Employee Benefits in Estate Planning (2002–2005) ACTEC Wisconsin State Chair (2007–2013) Greater Milwaukee Employee Benefits Council Estate Administration Section of General Practice program, University of Wisconsin Law School, Instructor, 1981 Planned Giving Committee, Next Door Foundation, Inc., Member Planned Giving Committee, School Sisters of Notre Dame, Member School Sisters of Notre Dame Advisory Counsel, President (1995–1998) Westwind Greens Owners Association, Director (1991–1995) St. Michael's Cemetery Association, Secretary Sisters of St. Francis of Assisi Ongoing Community Support Plan, Trustee (1995–2005) Servants of Mary Continuing Care Charitable Trust, Trustee (2003–2005) Wauwatosa Knights of Columbus Foundation, Inc., Trustee (1982–1999) Society of the Divine Savior Ongoing Support Trust, Trustee (2004–2005) Christ King Parish Community, Trustee and Treasurer (1995–1998) Planned Giving Committee Milwaukee Zoological Society, Member Professional Recognition Ranked Band 1 in Chambers HNW (2018: Private Wealth Law) State Bar of Wisconsin – Pro Bono Honor Society (2013, 2015-2020) Named the Best Lawyers ® 2010, 2019 Milwaukee Trusts & Estates "Lawyer of the Year" Selected as Five Star Wealth Manager (2010–2020) Selected for inclusion in the 2005–2019, 2021 Wisconsin Super Lawyers ® lists (Estate Planning & Probate) Listed in The Best Lawyers in America ® (1995–2022: Trusts and Estates) Martindale-Hubbell AV ® Peer Review Rated Board Certified Estate Planning Law Specialist as accredited by American Bar Association Chartered Life Underwriter Michael Gonring Pro Bono Team of the Year Award (2019) Languages Spanish Publications and Presentations 10/20/20 Medicare Premiums for the First Two Years After Retirement: Possibly a Nasty Surprise Estate, Trust & Wealth Preservation Alert 10/10/19 Coordinating HSA Contributions with the Commencement of Social Security Benefits; Beware of Unintended Consequences Estate, Trust & Wealth Preservation Client Alert 12/11/18 Life Insurance Trusts - What to do in the Event of High Estate Tax Exemptions Estate, Trust & Wealth Preservation Alert 11/15/18 "ACTEC IRA Survey Best Practices - IRA Beneficiaries and Passage of IRA Assets at Death" Waukesha County Estate Planning Counsel 07/24/18 "Creative and Engaging Ideas Regarding the Role of Life Insurance in Estate Planning" National Northwestern Mutual Life Annual Convention: Professional Growth Association Luncheon 10/25/17 Roth IRA Investment Fees: Pay Personally or Deduct From the IRA Account? Estate, Trust & Wealth Preservation Alert 10/04/17 "Legal lssues of the Aging: Medicare, Hospice Care, Health Care Powers of Attorney and Advanced Directives for End-of-Life lssues" Quarles & Brady LLP Group Meeting 09/06/17 "Keep Your IRA Healthy With an Annual Checkup" Quarles & Brady LLP Estate, Trust & Wealth Preservation Meeting 03/10/17 "A Brief Overview of the U.S. Department of Labor’s Fiduciary Rule Regarding Investment of Retirement Assets" American College of Trusts and Estates Employee Benefits Committee 10/26/16 Unwelcome Long Term Care Expenses Could Be a Gold Mine of Income Tax Deductions Estate, Trust, & Wealth Preservation Alert 01/28/16 Getting Your Estate Organized: Thirty (or so) Documents You Should Have For Your Spouse, Your Power of Attorney, or Your Executor Estate, Trust, & Wealth Preservation Alert 11/06/14 Longevity Annuities In Retirement Planning - A Gamble That Might Pay Off Handsomely Trusts & Estates Law Alert 10/22/14 "Annual Exclusion Gifts that Keep on Giving: Instead of Cash to a Child, How About a Deposit into a Roth IRA Account?" Trusts, Estates and Wealth Preservation Law Alert 10/18/14 "Final IRS Regulations for Qualifying Longevity Annuity Contracts (QLACs)" American College of Trusts and Estates Employee Benefits Committee 10/18/14 "Minor Beneficiaries of IRAs and Qualified Plans: How Might the Uniform Transfers to Minors Act (UTMA) Be of Assistance" American College of Trusts and Estates Employee Benefits Committee 10/01/14 "A Retirement Template Suitable for Baby Boomers and Others Who Will Retire Someday" Milwaukee Bar Association, Probate Practice and Procedure Section 08/01/14 "The DSUE Coin Flip" Trusts & Estates 07/14/14 The Conundrum of Long-Term Care Insurance Trusts & Estates Law Alert 05/20/14 “IRA and Qualified Plan Issues and Trends in Estate Planning: The New Planning Frontier" Presentation for Northwestern Mutual Life National Advanced Estate Planning School 04/01/14 “Estate Planning for S Corporations: Knowing where to put your feet when crossing the stream” Trusts & Estates magazine 01/17/14 Recent Changes in Estate Tax Laws May Allow Many Clients to Simplify Their Estate Plans Estate, Trust and Wealth Preservation Law Alert 11/15/13 “Baby Boomer Retirement Issues: What a Lawyer Should Know" 34th Annual Estate Planning Update, State Bar of Wisconsin 08/15/13 How Healthy is Your Life Insurance Policy? Trusts & Estates Law Update 10/01/12 "Charitable Distribution Trusts to the Rescue" Trusts & Estates magazine 07/24/12 "Life Insurance Products and Planning for 2012: What is Hot and What is Not" Agent's Professional Designation Luncheon at the 2012 Annual Northwestern Mutual Life Agents' Convention 07/01/12 "Partial Tax-free Exchanges" Trusts & Estates magazine 01/01/12 "Using Charitable Distribution Trusts to Simplify IRA Charitable Contributions at Death" Partnership for Philanthropic Planning of Eastern Wisconsin 01/01/12 "Longevity Annuities Catch a Break; Exemption from Certain IRA Required Minimum Distribution Rules" American College of Trust and Estate Counsel annual meeting to the Committee on Employee Benefits in Estate Planning 01/01/12 "Fun Things You Can Do With the New IRS Life insurance and Annuity Partial Tax-Free Exchange Rules" American College of Trust and Estate Counsel annual meeting to the Committee on Employee Benefits in Estate Planning 01/01/11 "What to Do When Your Irrevocable Life Insurance Trust No Longer Says What You Want it To" Quarles & Brady LLP Associate Training 01/01/11 "When I Was Young, I Thought I Would Live Forever, Now That I Am Old, I'm Afraid That I Will: A Discussion of Longevity Annuities and Their Place in Retirement Income Planning" American College of Trust and Estate Counsel Employee Benefit Committee Meeting 01/01/11 "Why Would Anyone Invest Their IRA Assets in an IRA Annuity? A Discussion of Annuity Company Guarantees" 2011 Midwinter Estate Planning Clinic 11/01/09 "Health Savings Accounts: The New Asset on the Estate Planners' Checklist" Probate & Property 01/23/09 New Tax Provisions Trusts & Estates Update 01/01/08 "Drafting Conduit Trust Language to Facilitate Inter-Generational IRA Transfers" Quarles & Brady Trust & Estate National Team Meeting

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