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CHRISTINE S. KIMMEL
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Christine Kimmel is the Managing Partner of the Firm.  Christine’s practice focuses on commercial banking, finance, business,  and real estate matters.  She represents lending institutions and borrowers in complex real estate and asset based loan and work-out transactions. She advises land owners, investors, tenants and developers in the sale, purchase and leasing of real estate and in zoning, and land use matters. Ms. Kimmel also assists clients in the creation of business entities, mergers and acquisitions and in other commercial matters.  

 

Ms. Kimmel was the first woman to be elected to the Board of Supervisors of East Marlborough Township in Chester County and she served in that capacity until she moved from the Township in October, 2018.  Prior to her election, she served as Vice Chairperson and Chairperson of the East Marlborough Township Planning Commission for over a decade and as a representative to the Unionville Regional Planning Commission and the Unionville Park Planning Commission.  Ms. Kimmel now serves on the Zoning Hearing Board of Thornbury Township, Chester County.  She was also a member of the Advisory Committee on Real Property for the Pennsylvania Joint State Government Committee.

 

Before practicing law, Ms. Kimmel worked as a loan officer in the commercial lending division of a major regional bank where she managed troubled commercial loan portfolios and handled residential mortgage foreclosures and sales of properties. Prior to joining the firm, Ms. Kimmel spent 12 years practicing complex commercial banking and finance, real estate and business law at Pepper Hamilton, LLP (now known as Troutman Pepper, LLP).

 

Representative Matters


•Represented lending institutions, developers and business owners in commercial transactions ranging from $1 million to $150 million in the Mid-Atlantic region, including:

 

Banking and Finance

• An $85 million financing of a group of industrial properties for redevelopment into a multi-use residential and commercial project.

• Aggregate $50 million in credit facilities for a student housing developer in multi-state syndicated loan transaction.

• Aggregate $150 million in credit facilities for a shopping center redeveloper in multi-state transaction.

• A $30 million asset based revolving loan facility for national manufacturing company.

• Regional banks in work-out and distressed asset transactions for commercial real estate projects from $3 million to $85 million in outstandings, including note sales, forbearance documentation, and foreclosures.

 

Commercial Transactions

• A $90 million sale of an age-restricted and skilled nursing care facility in Chester County, Pennsylvania.

• A major worldwide retail chain in acquisition and zoning and land use proceedings for new and existing megastores and shopping centers.

• A developer and home builder in all aspects of a 54-lot subdivision and land development project and planned unit development.

• Local non-profit organizations in the acquisition and sale of properties and the negotiation of a conservation easement.

• National shopping center owners and regional convenience store chain in tax assessment appeals and defensive appeals in the Philadelphia five-county area.

• A professional athletic association in acquisition of regional headquarters and practice facilities.

• Landlord and tenants in the negotiation and drafting of leases for office properties, medical offices, and retail shopping centers.

 

Areas of Practice


• Banking, Lending and Work-Outs
• Real Estate, Land Use and Zoning
• Business 
• Tax Assessment

 

Admissions


• Pennsylvania

 

Education


• Villanova University School of Law, J.D., 1996
• University of Delaware, BS  1986

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Professional Achievements & Honors

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• 2022 Top Attorney Suburban Life Magazine

• 2020 Top Attorney Main Line Today

• 2005 Rising Star in Philadelphia Magazine by Super Lawyers®.

• 2023 Five-Star Attorney Suburban Life Magazine

When a trust inherits a retirement account, one drafting choice can determine whether withdrawals must reach the beneficiary or can remain protected in trust.

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A conduit trust requires distributions received from the retirement account to be paid promptly to, or for the benefit of, specified trust beneficiaries. An accumulation trust is a qualifying “see-through” trust that does not impose that pass-through requirement. These are federal retirement-distribution classifications, not two entirely different kinds of Pennsylvania trusts. Treas. Reg. § 1.401(a)(9)-4(f)(1)–(2).

 

Why the distinction matters

 

A conduit provision can simplify which trust beneficiaries count under the retirement-account rules, but it also means the trustee cannot retain account withdrawals for later use. An accumulation trust can preserve funds for a beneficiary who needs help managing money or protection from creditors. In exchange, remainder beneficiaries may count when determining the applicable payout rules; a poorly coordinated trust can produce an unexpectedly short distribution period. Treas. Reg. § 1.401(a)(9)-4(f)(3), (6).

 

Neither design automatically allows an IRA to remain intact for a beneficiary’s lifetime. For many non-spouse beneficiaries, the inherited account must be fully distributed by the end of the tenth year after death; annual withdrawals may also be required if the owner dies after the required beginning date. Special rules apply to surviving spouses, minor children of the owner, and certain disabled, chronically ill, or similarly aged beneficiaries. Treas. Reg. §§ 1.401(a)(9)-4(e), 1.401(a)(9)-5(d)–(e).

 

The question to ask: Is it more important to give the beneficiary access to each withdrawal, or to let a trustee retain and manage those withdrawals? Review the account designation, trust beneficiaries, distribution terms, and tax consequences together before naming a trust as beneficiary.

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