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Private Client & Trust

For generations, Goulston & Storrs has represented successful families on all matters pertaining to the ownership and transfer of their family wealth. Our Private Client & Trust group follows a multi-disciplinary approach that brings to bear the business, real estate and other expertise of attorneys throughout the firm. Our services are provided with the assistance of experienced non-attorney professionals who are responsible for many day-to-day aspects of the administration of estates and trusts.

Many of the individuals and families represented by Goulston & Storrs on family wealth matters are the principals of family-owned and closely-held business entities. Others own substantial interests in publicly-traded business enterprises. Frequently, this representation extends to several generations within a family, facilitating comprehensive planning with regard to the family’s long-term objectives. In our day-to-day practice, we also represent estates, trusts, guardians and conservators of individuals under disability, and charitable foundations and other not-for-profit organizations, including educational, healthcare and social service institutions.

The firm has been in the forefront in developing and implementing sophisticated tax-sensitive planning techniques for individuals and families, and for the largest and most complex estates.  We treat our clients’ fundamental family and charitable objectives as paramount.  We also offer the full range of services relating to probate matters and the administration of estates and trusts.

Representative Projects and Transactions

  • Estate plans for owners of family-held manufacturing businesses and owners of large real estate enterprises.
  • Creation and funding of Grantor Retained Annuity Trusts (“GRATs”) to hold:
    • interests in publicly-traded companies
    • closely-held business interests
    • commercial real estate interests
  • Implementation of gifts to long-term trusts, taking advantage of exemptions from the generation-skipping transfer tax. 
  • Planning for ownership of substantial life insurance policies by means of irrevocable trusts and split-dollar arrangements.
  • Estate plans involving major charitable dispositions.
  • Creation of family charitable foundations and guidance to clients regarding formulation and implementation of family grant-making programs.

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