Dean (Mac) Nichols

Dean (Mac) Nichols
  • Dean (Mac) Nichols
    Attorney at Law

  • Phone: (540) 437-3105
  • Email: dmn@lplaw.com
  • Tanya P. Dinges, Assistant

  • Phone: (540) 437-3106
  • Email: tpd@lplaw.com

Overview

Dean “Mac” Nichols joined Lenhart Pettit on June 1, 2018, bringing with him over 32 years of law practice experience and a proven track record as an outstanding business and personal attorney. Mac concentrates his practice on business transactions, tax law, estate planning and administration, and real estate law, including Section 1031 exchanges.

By attending continuing education seminars, reading and researching, Mac prioritizes staying abreast of the ever-changing tax laws to best serve his clients' interests. He considers the tax implications of all transactions, thus assisting clients to minimize their tax liability and plan for future transactions.

Mac and his wife Lorna live in Harrisonburg, are members of Covenant Presbyterian Church, and enjoy visiting their three adult children and their families.  Mac plays racquetball regularly and also enjoys tennis and skiing.

Experience

Business Tax Planning

  • Structured companies and advised business entities
  • Served non-profits and tax-exempt organizations 
  • Advised on contracts
  • Planned for tax consequences of the acquisition and disposition of a business

Estate Planning

  • Served a range of clients, including high net worth individuals by structuring their wills, trusts, powers of attorney, advance medical directives, and life insurance trusts
  • Assisted with gifting programs, including limited liability companies, life insurance trusts, charitable gift planning, family succession, and consideration of liability limitations 
  • Administered and probated estates

Real Estate

  • Served commercial and investment real estate buyers and sellers of apartment complexes, hotels, shopping centers, and farms
  • Advised on leases and contracts
  • IRS Section 1031 Exchanges:
    • Assisted hundreds of investment property owners throughout Virginia with the intricacies of deferring federal and state capital gains taxes on the sale of real property held for investment or used for business purposes
    • Assisted with the like-kind exchange of rental property, apartments, industrial property, office buildings, farms, and unimproved land held for investment

Admissions

  • Virginia
  • U.S. Tax Court

Professional Involvement

  • Virginia State Bar Association
  • Harrisonburg-Rockingham County Bar Association, Member and Past President
  • American Association of Attorney/CPA
  • American Bar Association
  • Virginia Society of CPAs

Community Involvement

  • The Family Foundation, Board Member and Treasurer
  • Covenant Presbyterian Church, Member and Treasurer
  • Rockingham County Rotary Club, Member and Past President
  • Virginia Mennonite Retirement Community Foundation, Past Board Member
  • SVCF Policy Debate Coach (2004-2009)
Practice Areas Education

TC Williams School of Law
Richmond, Virginia
J.D., 1985

Virginia Commonwealth University
Richmond, Virginia
M.S.A., 1982

University of Richmond, Robins School of Business
Richmond, Virginia
B.S., Accounting, 1976