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.

Preserving wealth across generations demands innovative and adaptive planning, particularly for individuals with substantial residential real estate holdings. Although the Qualified Personal Residence Trust (QPRT) technique was added by Section 2702 to the Internal Revenue Code almost 30 years ago, the QPRT strategy continues to be a powerful estate planning tool, offering significant advantages for transferring residential property to beneficiaries while minimizing gift and estate tax exposure. In addition to meeting the statutory requirements under Section 2702, maximizing the benefits of QPRTs requires a nuanced understanding of a QPRT's term optimization, direction of interest rates, appropriate property selection and integration with a client's overall estate plan.

Market volatility, while unsettling for investors, may offer unique estate planning opportunities that sophisticated clients should consider. During periods of significant market fluctuation, certain wealth transfer techniques become particularly advantageous from both tax and succession planning perspectives. The strategic deployment of these approaches can transform temporary market declines into long-term family wealth preservation advantages.