Thacher Storm concentrates his practice on estate, gift and generation-skipping transfer tax planning with an emphasis on planned charitable giving. He represents individuals in their personal planning; individual and corporate fiduciaries in their administration of estates and charitable and non-charitable trusts; and tax-exempt organizations in connection with their planned giving programs and endowment funds.
Thacher frequently works with clients and their other professional advisers on the creation and administration of appropriate entities for management of property, leveraged techniques for lifetime transfers of wealth, and tax-efficient estate plans for the effective execution of his clients' wishes at death. In addition to the preparation of wills and revocable trusts, he has extensive experience with the formation, funding and administration of insurance trusts, grantor retained annuity trusts, qualified personal residence trusts, other grantor and non grantor trusts, charitable remainder trusts and charitable lead trusts, private foundations, family limited partnerships and limited liability companies.
Thacher also has experience in a broad range of matters relating to estate planning, including dispositions of real estate, negotiation and creation of conservation restrictions, representation of clients before the Internal Revenue Service in connection with audits and private letter rulings, and appearing in matters before the probate court.
Thacher's emphasis on planned charitable giving includes representation of colleges, universities and other tax-exempt organizations in connection with their planned giving programs and the administration of restricted gifts and endowment funds. This representation includes general advice and support regarding the tax and non-tax attributes of different planned giving vehicles; drafting of annuity agreements, trust instruments and other gift documents; working collaboratively with counsel for donors to negotiate pledge agreements and implement planned gifts in accordance with donor's intentions, the donee organization's needs and applicable law; and specialized advice in connection with different forms of gifts (outright gifts, bargain sales, foundation grants and gifts via gift annuities, charitable remainder trusts, charitable lead trusts and pooled income funds), different types of property (cash, marketable securities, tangible personal property, real estate, closely held stock, life insurance, retirement plans and IRAs) and special circumstances.
· Tax-Exempt Organizations
· Massachusetts Bar Association
· Boston Bar Association