| The Goulston & Storrs Estate Planning group provides personalized counsel to clients in planning for the optimum ownership and disposition of family assets, both during life and at death. The strategies implemented are carefully tailored to each person’s or family’s particular needs. We advise clients on the structuring and restructuring of family businesses in order to reduce taxes and maximize other benefits, on the valuation of closely-held and family-owned business interests and on other complex estate planning matters. We focus particularly on opportunities for transfer of our clients’ real estate and business interests to family members at favorable valuations, prior to substantial growth in the value of these interests, utilizing appropriate discounts. We work closely with our clients’ other professional advisors, including accountants and financial planners, to accomplish their goals. |
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
- Preparation of Qualified Personal Residence Trusts (“QPRTs”) to hold valuable family residences, including second homes.
- Creation of family limited partnerships and limited liability companies as vehicles to preserve family assets for future generations.
- 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.
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