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David  Valente

David Valente

Associate
Biography

By integrating legal, financial, and tax strategies into a single, cohesive plan, David Valente structures holistic plans to solve clients’ multi-faceted needs. In turn, this empowers clients to make informed, prudent decisions. David provides comprehensive advice to individuals, families and small businesses. David concentrates in tax and estate planning, gift and estate tax return preparation, probate matters, asset protection, business administration and succession, estate and trust administration, special needs planning, and charitable planning. David advised families for over eight years at a downtown wealth management firm on stock option planning, retirement planning, investment portfolio management, insurance analysis, charitable bequests and income tax reduction strategies, prior to becoming an attorney.

Representative Experience
  • Drafted foreign trust for client concerned about asset protection and the direction of U.S. economic policy/legislation in conjunction with intergenerational generation skipping transfer tax planning
  • Drafted credit shelter trust for business owner, integrating prenuptial agreement, restrictive QTIP for spouse and executive committee for business succession planning; enabled client to gift the economic value (non-voting) shares of the business to descendants through an irrevocable grantor trust while retaining control through voting shares
  • Utilized increased lifetime gifting exemption by conveying client's vacation home to a qualified personal residence trust (QPRT) and marketable securities to a ten year grantor retained annuity trust (GRAT)
  • Established limited liability company (LLC) for executive of Boston sports team to hold rental property, insulate the client's personal assets from liability, and create opportunity to leverage gifts
  • Drafted irrevocable income only trust to help protect elderly couples' wealth from the costs of long-term care and third party special needs trust to ensure their disabled child would not lose SSI subsidies upon their deaths and his subsequent inheritance. 
Legal Publications and Speaking Engagements
  • Author and Speaker: Dividing Retirement Assets On Death or Divorce, American Bar Association (webinar), March 2017
  • Author and Speaker: Dividing Retirement Assets On Death or Divorce, American Bar Association Spring Symposia, May 2016
  • Speaker: Estate Planning Symposium 2015 – Removing Assets From Estate vs. Step-Up in Basis, MCLE, June 2015
  • Author: Advising Same Sex Married Couples of the Inequities That Remain, Probate & Property (Volume: 29 Issue: 1), May 2015
  • Author and Speaker: Protection of Inherited IRAs and Other Retirement Plan Assets From Creditors After Clark v. Rameker, American Bar Association Spring Symposia, April 2015
  • Speaker: MassHealth Update – 2009: Special Needs Trusts and Pooled Trusts, PESI Legal, October 2009
  • Co-Author: Fair Hearings on Medicaid Hardship, Intent, Care Contracts and Promissory Notes, NAELA Journal, 2009
Community Involvement
  • Animal shelter weekly volunteer (2004-current)
  • United Way Big Brother (1997-2001)
  • Boston Living Center weekly volunteer (1997-1998)
  • 2nd degree black belt, Kempo Karate
  • USKBA-licensed full contact kickboxer & submission fighter 
Memberships & Professional Achievements
  • Appointed Vice-Chair of the IRA Accounts & Plan Distribution Committee of the American Bar Association’s (ABA) Section of Real Property, Trust and Estate Law (RPTE) for the 2017-2018 year
  • Selected as New England 2016 & 2017 Rising Star (Estate Planning & Probate)
  • Boston Estate Planning Council: Member (2008 - present)
  • Trusts and Estates Consortium: Member (2008 - present)
  • Boston Bar Association: Member (2011 - present)
  • Justinian Law Society: Member (2008 - present)

Prior to becoming an attorney, David was a financial advisor and achieved the following credentials:

  • Certified Financial Planner (CFP®)
  • Series 7 General Securities
  • Series 66 Investment Adviser
  • Life, accident, and health insurance broker 
Credentials

Education

  • Boston University School of Law (LL.M., Graduate Tax Program, 2016)
  • Suffolk University Law School (J.D., 2008)
  • Suffolk University Sawyer Business School (Master of Science in Taxation, 2014)
  • Boston College (B.S., Computer Science and Finance double major, 2001)
    • Honors program
    • Jenks Leadership Program

ADMISSIONS

  • Massachusetts Bar, 2008

Education

  • Boston University School of Law (LL.M., Graduate Tax Program, 2016)
  • Suffolk University Law School (J.D., 2008)
  • Suffolk University Sawyer Business School (Master of Science in Taxation, 2014)
  • Boston College (B.S., Computer Science and Finance double major, 2001)
    • Honors program
    • Jenks Leadership Program

Admissions

  • Massachusetts Bar, 2008