Managing all aspects of our clients’ financial lives
As part of Loring, Wolcott and Coolidge, the Sustainability Group has a wealth of expertise and resources for every aspect of our clients’ financial lives. This enables us to provide a range of fiduciary and personal services that complement socially responsible investing.
Family Office
As Trustees, we serve as stewards of family assets, helping clients achieve their goals through comprehensive wealth planning that encompasses every facet of their financial lives. We are proud to serve and advise our clients and their families across multiple generations.
Estate Planning & Settlement
Our intimate understanding of each client’s needs, coupled with in-house expertise in every aspect of Estate Planning and Financial Advice, enable us to provide personalized plans for achieving each client’s short- and long-term goals.
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- We help ensure a tax-efficient transfer of a family’s financial legacy to future generations, working with clients to:
- Create a plan to minimize the impact of estate taxes, based on individual client circumstances.
- Bring clarity to complex transfer tax laws, explaining options to enable informed decisions.
- Coordinate with family legal advisors to ensure estate planning documents are aligned with client strategies.
- We also administer client estates to ensure their wishes are carried out. Trustees:
- Serve as executors, overseeing the distribution of assets according to the client’s will.
- Prepare the estate tax and fiduciary income tax returns and manage the probate account, supported by a professional estate administration team.
- Work with heirs throughout the settlement process to answer questions and provide support as needed.
Financial Planning
Creating a plan for the future demands a thorough understanding of the many factors that influence a client’s financial picture. We leverage our in-depth understanding of individual circumstances to provide financial advice that encompasses every facet of a client’s financial life.
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Drawing on the broad professional resources within the firm, Trustees:
- Help clients make informed decisions on a range of issues—from tax planning and budgeting to funding education or the acquisition or liquidation of major assets.
- Provide comprehensive financial advice that aligns with the client’s investment, estate planning and philanthropic strategies.
- For clients with an outside financial planner, help ensure seamless integration of these plans with the client’s investment program.
Tax Planning & Preparation
The experienced tax department at Loring, Wolcott & Coolidge has the expertise to provide our clients with a full range of tax planning and filing solutions, in close collaboration with the client’s Trustee. Our tax planning and preparation services are tailored to each client’s needs.
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We can:
- Prepare tax returns, including fiduciary returns for trust accounts, as well as individual returns.
- Clearly explain all tax information, ensuring clients fully understand their returns.
- Manage the payment of estimated taxes.
- Assist with gift tax issues, analyzing whether clients need to file gift tax returns and preparing them when required.
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Trustees have the insight and experience to help answer a range of gifting questions.
- How do I balance tax advantages with the needs of the charitable beneficiary?
- Should I make one large contribution or distribute it over time?
- Should gifts be in cash, securities or other assets?
- How can I structure personal gifts to maximize estate-planning advantages?
We also work with charitable trusts, providing expert guidance, planning and support. In addition to investment and administrative services, Trustees can review and analyze grant proposals to the trust.