Mirick O'Connell Attorneys at Law |
  • Print
  • PDF

  • Tracy A. Craig
    Education

    JD, Boston University (1993)

    BA, cum laude, University of Pennsylvania (1988)

    Bar and Court Admissions

    Massachusetts

    U.S. Court of Appeals for the First Circuit

    Professional/Community Affiliations

    American Bar Association, Real Property Probate and Trust Law Section

    Massachusetts Bar Association, Probate Law Section

    Boston Bar Association, Trusts and Estates Section

    Worcester County Bar Association

    Boston Estate Planning Council

    Worcester Estate and Business Planning Council, Board Member

    Greater Worcester Community Foundation, Board Member

    Worcester Art Museum, Members Council

    Tracy A. Craig

    Partner

    Tel:

    508.929.1632|

    Fax:

    508.983.6239| email| vcard


    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. 


    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 involed with probate litigation matters, including decedent's estates and trust administration, and the use and misuse of durable powers of attorney.

     

    Publications/Presentations

    • Quoted in "Trusts Provide Safety New for Pets," Worcester Telegram & Gazette, February 2013 
       
    • "Drafting Estate Plans Under MUPC and MUTC," MCLE Presentation, January 2013, February 2013

    • Quoted in "In the Year of the Dog (or Cat): 5 Must-Do's for Your Pet in 2013," The Huffington Post - Huff Post Impact, January 2013

    • Quoted in "Estate Planning to Care for Your Pets," Wall Street Journal, December 25, 2012

    • "Estate Planning Approaches Precipice of Fiscal Cliff," Massachusetts Lawyers Weekly, December 10, 2012 (author)

    • Quoted in "'Fiscal Cliff' Jacks Up Tax-Planning Pros' Workload," Worcester Business Journal, November 2012

    • Quoted in "Inheritances With a Catch," Private Wealth, November 2012

    • Quoted in "Can An Inheritance Do More Harm Than Good," Wall Street Journal, SmartMoney blog, September 2012

    • "Transferring Your Home to a Revocable Trust," MCLE Presentation, Preserving and Transferring Your Client's Principal Residence, seminar, August 2012

    • "Guardianship Essential," MCLE Presentation, New MUPC Guardianship and Conservatorship Update 2012, seminar, June 2012 (Worcester)

    • "Drafting Estate Plans Under the New MUPC," MCLE Presentation, July 2011, August 2011, January 2012, February 2012

    • Quoted in "Four-legged Legatees," Investment News, February 2012

    • "The MUPC: A Complete Overhaul of Massachusetts Probate Law," Trusts & Estates (online newsletter), January 2012 (author) 

    • Quoted in "Uniform Probate Code Delayed to March 31, Massachusetts Lawyers Weekly, December 2011

    • "Lifetime Asset Transfer: Gifts to Children - Outright and in Trust, A Practical Guide to Estate Planning," MCLE 2011 (co-author)

    • "Powers of Guardians and Conservators" Guardianships and Conservatorships in Massachusetts, MCLE, 2009 (author)

    • "Providing Effective Client Guidance" Prep Your Client - Beginning the Estate Planning Process, Aspatore, 2009 (author)

    • "Understanding the Unique Issues of an Estate Planning Practice" Inside the Minds - Estate Planning Strategies, Aspatore, 2009

    • "Article III - Probate of Wills," The New Massachusetts Uniform Probate Code:  An Overview, MCLE, 2009 (author)

    • "Probate and Fiduciary Accounting: Estate Tax Returns," MCLE Presentation, Paralegal Conference, June 2008

    • "Drafting Simple Wills and Trust Clauses," Massachusetts Basic Practice Manual, MCLE, 2008 (co-author)

    • Quoted in "Five Ways to Prepare for the Unthinkable," Kiplinger's Personal Finance e-newsletter (March 2006)

    • Quoted in "There Goes the Romance," Kiplinger's Personal Finance, February 2005

    • "Charitable Split Interest Trusts," MCLE Presentation, Understanding and Using Trusts Seminar, July 2005 and December 2001

    • Quoted in "Behavior Modification," New England Financial Journal, Fall 2001

    • "Marital Deduction Planning," MCLE Presentation, Understanding and Using Trusts Seminar, May 2001

    • Quoted in "Unspoiled Little Rich Kids," Kiplinger's Personal Finance, December 2000
    Powered by Sigsiu.NET