The Goulston & Storrs Estate Planning and Administration 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. As one of the largest collections of trusts and estate professionals in New England, we work individually and collegially to provide informed advice, execute on our clients’ wishes and promote our clients’ goals.
We advise clients on structuring and restructuring ownership interests in family businesses and other assets in order to achieve family objectives in the most tax efficient fashion. We focus on opportunities for the transfer of our clients’ real estate and business interests to family members at favorable valuations, often prior to substantial growth in the value of these interests, utilizing appropriate discounts. We have expertise in working with clients who are beneficiaries of trusts created by prior generations to determine how to use various assets for the most tax efficient transfer of wealth. We work closely with our clients’ other professional advisors, including accountants and financial planners, to accomplish our clients’ goals.
We possess particular expertise in the administration of large and complex estates, including those holding real estate and business interests. With many decades of experience dealing with federal and state tax issues, we implement innovative strategies for protecting our clients’ estates, through the use of tax elections, disclaimers and other sophisticated planning techniques.
We work extensively with clients in fulfilling their philanthropic goals, whether through outright gifts or charitable trusts. Many of our clients have created private foundations, private operating foundations, or donor advised funds. We are prepared to offer guidance on the best vehicles to meet the family’s charitable goals as well as assist with the ongoing administration of the entities.