Trusts, Estates, and Taxes

The firm's trusts and estates group provides a comprehensive range of legal services to assist our clients in the management of their assets and estates, including estate planning, tax consultation and business succession planning. We work closely with our clients to understand their specific needs and objectives and draft individualized documents, including wills trusts, healthcare proxies and power of attorneys, designed to meet their objectives and minimize or avoid taxes and expenses. We counsel our high net worth clients in sophisticated estate planning practices utilizing established and approved methods of minimizing estate taxes including, irrevocable life insurance trusts, charitable lead and remainder trusts, qualified personal residence trusts, grantor retained income and annuity trusts, dynasty trusts, family limited partnerships, family foundations and planned gifting programs. We also draft specialized trust documents to address the needs of individuals with disabilities or to preserve the estate assets in the event of prolonged illness or incapacity.

The firm also provides a full range of services for the probate and administration of estates. We represent our clients in their capacity as executors, administrators or beneficiaries of the estate. We are sensitive to the needs and issues that arise during this often difficult period and work to efficiently and professionally complete the probate process and resolve any issues or disputes that occur during this time. The firm also provides counsel and advice to clients regarding post mortem planning options that may meet their objectives or reduce taxes. We prepare when necessary all state and federal estate tax, and income tax, returns and represent the client if any of the returns are audited.

The firm offers other probate services including appointments of guardians or conservators, and approval of estate plans for individuals that lack the required legal capacity to execute these documents individually. We can also provide continuing administrative and accounting services for trustees, guardians and conservators. The firm also counsels fiduciaries of all types on their legal obligations including permissible investment practices.

If you have specific questions regarding our Trusts, Estates & Taxes practice's capabilities, please contact:

Donald L. Graham
617-479-5000
dgraham@mhtl.com

What's Happening @ MHTL?

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St Florian & Feeney Named By Board of Bar Overseers

MHTL is pleased to announce that two of its attorneys have been named by the Board of Bar Overseers to serve as Hearing Officers for the 2019-2021 term. Alisia St. Florian is a Partner in the firm’s Education Department. Focusing her practice on the representation of public school districts and collaborative schools in matters pertaining to special education, student discipline and civil rights matters. Matthew Feeney is an Attorney in the firm’s litigation department, having served as an Assistant District Attorney prior to joining the firm. Matt has extensive trial experience with close to 100 jury trials in his career. MHTL is honored to be the only firm having two of its attorneys serving as BBO Hearing Officers for this upcoming term.

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Legal Updates

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U.S. Department of Labor Proposes [Again] Increasing Salary Minimum for Federal Overtime Exemption

As you know from prior Client Alerts, in 2015 the U.S. Department of Labor (“DOL”) proposed, among other things, increasing the “salary level test” for exempt employees from the current $455 per week (or $23,660/year) to an indexed amount originally proposed at about $970 per week (or $50,440/year).  The DOL also proposed increasing the “highly compensated employee” exemption from the current $100,000 per year to an indexed amount originally proposed at about $123,000 per year.  After those changes were memorialized in a Final Rule, these proposed changes were challenged in court and essentially abandoned by DOL after the 2016 election.

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