Estate tax remains one of the most significant wealth-eroding factors for high net worth individuals and families. With federal estate tax rates reaching 40% and some states (such as Massachusetts) imposing additional estate or inheritance taxes, strategic planning becomes not just beneficial but essential. Strategic gifting programs represent one of the most powerful and flexible approaches to mitigate these taxes while accomplishing broader family wealth objectives. When properly structured, these programs can transfer substantial wealth to future generations while minimizing tax exposure, ideally across multiple generations.

In the realm of estate planning for high net worth individuals, few strategies offer the transformative potential of generation-skipping transfers (GSTs). When properly structured, GSTs can dramatically reduce tax burdens while ensuring wealth cascades meaningfully through multiple generations.

We are pleased to announce that Partner Jessica E. Murphy, J.D., has been named a 2025 "Go To Construction Lawyer" by Mass Lawyers Weekly. Jessica received this recognition for her exceptional work and numerous contributions to field of construction law.