Our People

Tracy A. Craig
Partner

P: 508.929.1632 | F: 508.983.6239 | | vCardPrint | PDF


Biography

Tracy is a partner and chair of the firm's Trusts and Estates Group. She focuses her practice in estate planning, estate administration, prenuptial agreements, tax-exempt organizations, guardianships and conservatorships, and elder law.  Before joining Mirick O'Connell, she was counsel at Testa, Hurwitz & Thibeault LLP, in Boston.

Tracy works with individuals in all areas of estate and gift tax planning, ranging from testamentary estate planning, including business succession planning, to sophisticated lifetime leveraged gifting techniques, such as grantor retained annuity trusts (GRATs), intentionally defective grantor trusts, family limited liability companies and qualified personal residence trusts (QPRTs). She also specializes in estate administration, prenuptial agreements, guardianships and conservatorships, and all aspects of charitable planning, including the formation and operation of tax-exempt organizations ranging from private foundations to public charities. She serves in various fiduciary capacities, including trustee, conservator, and personal representative (formerly known as executor). She also works with clients on issues facing elders.

Tracy has received an AV® Preeminent Peer Review Rating by Martindale-Hubbell, the highest rating available for legal ability and professional ethics and has been elected to be a Fellow of the American College of Trust and Estate Counsel.  She is also a member of The National Advocates Top 100 Lawyers, an invitation-only, professional organization composed of premier lawyers from across the country who exemplify superior qualifications in their area of specialty.  Tracy has been named a Massachusetts "Super Lawyer" by Boston magazine and Law & Politics every year since 2013.  She was also selected a "Top Women in Law" by Massachusetts Lawyers Weekly in 2014.

Representative Matters

  • Prepared testamentary estate plans consisting of durable powers of attorneys, health care proxies, wills and revocable trusts
  • Prepared and implemented irrevocable insurance trusts
  • Prepared and implemented sophisticated gifting strategies, including GRATS, installment sales to intentionally defective grantor trusts, and QPRTS
  • Negotiated and prepared prenuptial agreements for high-net-worth clients and their children
  • Administered complex estates, including the preparation of state and federal estate tax returns
  • Obtained temporary and permanent guardianships and conservatorships for incapacitated individuals, including Rogers guardianships to allow administration of anti-psychotic medication
  • Organized and formed nonprofit/charitable entities and applied for tax-exempt status
  • Served as trustee of various irrevocable trusts
  • Advised on trust and estate issues involved with probate litigation matters, including decedent's estates and trust administration, and the use and misuse of durable powers of attorney.

Publications/Presentations