Private Client

Estate Planning & Administration

Overview

The Goulston & Storrs Private Client group provides personalized counsel to clients in planning for the optimum ownership and disposition of family assets, both during life and at death. For generations, we have cultivated a special cultural commitment to the protection and growth of our client families’ legacies. We provide responsive service that is sensitive to each family’s unique needs, recognizing that our clients’ needs are the reason for our existence.

Our Expertise

Goulston & Storrs houses one of the largest and longest tenured trust and estate practices in New England. We feature many bar leaders and six fellows of the American College of Trust and Estate Counsel, which is composed exclusively of lawyers and law professors elected by their peers, based on reputation, skill, and contributions to the field in the form of lecturing, writing, teaching and bar activities.

We follow a multi-disciplinary approach that incorporates the business, real estate, tax and other expertise of attorneys throughout our firm. For families with business interests, these attorneys can offer specialized industry knowledge in areas such as healthcare, technology, private equity, finance, education, retail, restaurants and hospitality enterprises.

We also have particular 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.

Our Services

We advise clients on structuring and restructuring ownership interests in family businesses and other assets in order to achieve each family’s personal and business objectives in the most tax efficient fashion. We offer state of the art planning techniques, which are comprehensively tailored to each client’s financial, charitable, risk management and other objectives. Our lawyers also focus on opportunities for the optimal transfer or passing of real estate and business interests to family members at favorable valuations to minimize adverse tax consequences.

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.

Our estate planning and administration services include the assistance of experienced tax accountants and administrative professionals on our staff, who are responsible for many day-to-day aspects of the administration of estates and trusts. We also integrate the valuable assistance of professionals outside the firm, including but not limited to highly reputable financial planners, investment advisors, insurance experts and family counselors. 

In the planning process, we also 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 while assisting with the ongoing administration of the family entities.

Our service areas include:

For further information about the Goulston & Storrs Private Client & Trust Group, please contact one of our group Co-Chairs, Michelle Porter or Andy Rothstein.