Patrick W. Herman

Education
  • B.A. Political Science, Virginia Tech
  • M.S.A. Master of Science in Administration, George Washington University
  • J.D.,  Marshall-Wythe School of Law, College of William & Mary
  • M.L.&T., College of William & Mary
Jurisdiction Licensed
  • Virginia
  • North Carolina
Professional & Community Activities
  • The Living River Restoration Trust, Director
  • General Douglas MacArthur Foundation, Director and General Counsel
  • Outer Banks Community Foundation, Tax Counsel
  • American Bar Association – Section on Taxation
  • North Carolina Bar Association – Section on Trust and Estate
  • Hampton Roads Estate Planning Council
  • Hampton Roads Tax Forum
Notable Accomplishments
  • Martindale-Hubbell® AV Preeminent® Peer Review Rating
  • Virginia Business, “Virginia Legal Elite” (2000-present)
  • Listed in Best Lawyers in America®: Tax Law (2007-present); Closely Held Companies and Family Business Law (2015-present)
  • Thomson Reuters, “Virginia Super Lawyers” (2011-present); “Virginia Rising Stars” (2008-09)
  • Virginia Lawyers Weekly, Virginia’s Leaders in the Law (Class of 2013)
  • Coastal Virginia Magazine, “Top Lawyers” – Tax Law and Wills, Trusts & Estates (2017-present)

Pat Herman is senior tax attorney at Vandeventer Black, having a tax degree and 35 years of experience. Pat’s practice is focused on estate planning, employee benefits and ERISA matters, general tax planning, and exempt organizations. He is licensed to practice in Virginia and North Carolina, sharing time in our Norfolk and Kitty Hawk offices, with regular visits to our Richmond Office to assist clients with sophisticated tax planning.

Tax, trust and estate planning, and administration are a major part of Pat’s tax practice. He enjoys assisting families with successful wealth transfer planning and techniques, including the use of family limited liability companies, succession planning, “dynasty” and special needs trusts. Protecting family members while preserving family harmony and saving taxes is the goal.

Pat also assists clients with state and local tax issues, as well as the Virginia Watercraft Tax. For his ERISA practice, he represents individual Employer sponsored plans, Taft-Hartly Multi-Employer Plans, and local (governmental) plans.

Pat enjoys contributing to the community through his participation on the General Douglas MacArthur Foundation Board, where he serves as General Counsel.

Pat has also enjoyed being able to serve on the boards, provide counsel to numerous tax-exempt organizations, including the Living River Restoration Trust, Virginia International Terminals, Inc.; Virginia Maritime Association; Pea Island Preservation Society; Corolla Wild Horse Fund; Angel Kiss Foundation; Fisher House of Richmond; Eastern Seaboard Trust; Agena Foundation; Cape Hatteras Electric Membership Corporation; Center for Hope & Healing; John R. Lilliard Scholarship Foundation; Norfolk Medical Society; Virginia Airport Authority; First Flight Scholarship Fund and the Outer Banks Community Foundation.

Representative Matters
  • General Co-Counsel, Hampton Roads Shipping Association; International Longshoremen’s Association of Pension & Welfare Benefit Funds.
News
Attorneys Recognized as 2021 Top Lawyers of Coastal Virginia
/ Firm News
Attorneys from the Norfolk-based business and litigation law firm, Vandeventer Black, have been recognized as Top Lawyers of Coastal Virginia for 2021. This distinction is a peer-rated nomination given to those lawyers who exemplify excellence in their specialty. The recognized attorneys are: Admiralty, Maritime & Transportation Edward J. Powers Arbitration ...
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Vandeventer Black Attorneys Selected as 2020 Legal Elite
/ Firm News
Thirty Vandeventer Black attorneys have been recognized as ‘Legal Elite’ for 2020 by Virginia Business Magazine. Every year, the magazine partners with the Virginia Bar Association to grant this award to attorneys nominated by their peers for this recognition. The selected attorneys are: Christopher Ambrosio, Business Law Anne G. Bibeau, ...
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28 Attorneys Named to 2021 Best Lawyers® list
/ Firm News
Vandeventer Black LLP is pleased to announce that 28 attorneys have been included in the 2021 Edition of The Best Lawyers in America. Since first published in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence. Best Lawyers has published their list for over three decades, earning the respect ...
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Articles
CARES ACT – Should you take your Coronavirus Related Distribution from your Retirement Plan?
/ COVID-19 Task Force, Tax
As you may have heard, the new “CARES” Act signed on March 27, 2020 creates a new “Coronavirus Related Distribution” option for participants in retirement plans who meet one of the following qualifications: Are diagnosed with SARS-CoV-2 or COVID-19; Have a spouse or dependent with one of these viruses; Are ...
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COVID-19 Isolation – A Good Time to Review Your Estate Planning Documents
Are you stuck at home, isolated from the public, and your normal social interactions?  Perhaps this would be a good time to review those old estate planning documents: your Will, Power of Attorney, Health Care Power of Attorney, and Advance Medical Directive.  Do you have a Revocable Trust that needs ...
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THE NEW TAX ACT AND MY ESTATE PLANS: NOW WHAT?
Great news: the new “Tax Cut and Jobs Act” (“TCJA”), doubles the estate tax exemption amount from $5.49 million per individual (the 2017 exemption amount) to $11,180,000 million. (For convenience, this article will use the $5.6 million projected exemption amount for 2018 before TCJA and $11.2 million).  The new higher number ...
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