Hinckley Allen’s Trusts & Estates attorneys are among the most skilled and savvy in the industry. The group offers a broad range of legal services to both individuals and institutions, including:
– Estate planning – We will work with you to carefully plan your estate, including the creation and execution of wills and trusts, financial and healthcare powers of attorney, living wills, and other similar documents.
– Wealth transfer planning – We help high net-worth families ensure a smooth transition of wealth from one generation to another. Specific advice includes irrevocable life insurance trusts, grantor retained annuity trusts, qualified personal residence trusts, installment sales to grantor trusts, and similar wealth transfer vehicles.
– Personal planning – Advice on issues related to premarital planning, asset protection and financial planning.
– Business succession – We specialize in integrating business succession planning with your overall estate planning goals, including preparation of purchase agreements, buy/sell agreements and related trust documents.
– Estate administration – We handle all aspects of probate and estate settlement. Additionally, we provide advice to fiduciaries regarding the proper administration of estates and trusts, including tax planning as well as the management and distribution of fiduciary assets.
– Estate and gift tax returns – We will prepare all of your gift and estate tax returns on both federal and state levels – including IRS Forms 706 (estate tax return) and 709 (gift tax return). Additionally, we are able to prepare Form 1041 (estate income tax return), if required.
– Guardianships, conservatorships and adoptions – We prepare all relevant court forms, appear in court where necessary, and advise fiduciaries on their legal duties.
– Durable powers of attorney – We will advise you on issues related to powers of attorney and prepare all necessary documents.
– Healthcare powers of attorney – We will advise you on issues related to health care powers of attorney, health care proxies, advance directives and living wills – and prepare documents, as necessary.
– Medicaid planning and Elder law – We offer advice concerning qualification for Medicaid, and asset protection and wealth preservation for families.
– Executor/trustee – We prepare all probate documents and trusteeship appointment documents – and appear in court, when necessary.
– Judicial construction, judicial accountings, trust reformations and other court proceedings for wills and trusts – We advise fiduciaries and beneficiaries regarding trust and estate matters coming before the relevant local court. This includes preparation of all relevant court documents and appearing in court, when necessary.
– Charitable giving and planning advice – We advise both individuals and charities about tax and non-tax issues related to charitable giving. This includes accounting associated with philanthropy as well as related public and court reporting.
Who We Serve
Our Trusts & Estates attorneys help both individuals and institutions achieve their objectives in the most tax-advantaged manner possible.
We primarily serve affluent individuals, families and business owners whose total assets exceed state and federal estate tax exemption levels. Most of our clients either reside in or originate from New England, but often they own second homes in Florida or other locales. Our clients usually fall into one or more of these categories:
– Unmarried people – We understand the unique concerns that affluent, unmarried individuals face with regard to wealth transfer, wealth preservation and charitable giving. We can help you define your objectives and advise you on the best way to achieve them. Additionally, we are able to provide advice in pre-marital situations, including the preparation of prenuptial agreements.
– Couples – Couples often have disparate concerns and goals. We help couples work through these concerns and put together an estate plan that achieves their objectives. We also have expertise dealing with the unique concerns of same sex couples and married individuals with children from a prior relationship.
– Families – Affluent families often require the experience and knowledge of advisors who understand the unique dynamics of wealthy multi-generational families. We provide families with guidance about the legal and strategic issues concerning wealth preservation, transmission and protection.
– Business owners – Business owners face the problem of having an asset base that is largely concentrated in a single asset. We can assist such clients with issues concerning tax planning, wealth transmission and business succession in order to preserve and extend the family-owned business.
We advise banks, trust companies and non-profit organizations on fiduciary matters such as the administration of estates, tax issues, issues relating to trusts, and the creation of charitable foundations and trusts.