Elizabeth Bailey represents individuals and families seeking assistance in estate, tax, and special needs planning. She also counsels personal representatives and trustees in the administration of estates and trusts, as well as guardians of incapacitated persons.
Ms. Bailey concentrates her practice in the following areas:
- Estate, Tax and Special Needs Planning: Ms. Bailey develops estate plans that fit the individual circumstances and values of her clients. These plans include an assessment of both the personal and financial goals of those she is representing; the impact of tax laws on those goals; the preparation of documents, including revocable and irrevocable trusts; and the coordination of the various elements involved for the particular client to create a thoughtful and integrated estate plan. Ms. Bailey has more than twenty years of experience in counseling families who have children with special needs and knows how to set up and administer trusts for these children in a way that will permit them to qualify for public or private benefits while providing for their supplemental needs.
- Administration of Estates and Trusts: Ms. Bailey represents Personal Representatives and Trustees in administering estates and trusts ranging from those that are modest in size and scope to those of considerable complexity. She prepares estate and fiduciary income tax returns; works with families and their advisors to gather necessary information; deals with courts, financial institutions and tax authorities; and coordinates distribution of estate assets to trusts, individuals and charitable organizations. She also serves as Trustee of family trusts, often working with outside investment advisors to tailor portfolios appropriate to the needs of the beneficiaries.
- Family Adviser: Ms. Bailey helps individuals, couples and families work out solutions to complex family situations, such as dealing with blended families, preserving family homesteads and providing for individuals in unique circumstances, in both the planning and administration stages. These solutions may involve irrevocable trusts, such as life insurance trusts, qualified personal residence trusts and trusts which will last in perpetuity; limited liability companies and family partnerships as part of succession planning.
- Parent groups, such as The Eunice Kennedy Shriver Center, The Paul Center, and Protestant Guild for Human Services, about special needs planning
- Claims Against the Estate in MASSACHUSETTS PROBATE MANUAL (Thomas P. Jalkut and Hanson S. Reynolds eds., 3d ed. 2012).
- Boston Bar Association, Trusts & Estates and Tax Sections
- Boston Probate and Estate Planning Forum
- Massachusetts Bar Association, Probate and Tax Sections