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Overview
Lisa Rico is a partner in Gilmore, Rees & Carlson’s estate planning group, focusing on estate planning, probate and tax law. Lisa concentrates on transferring wealth to the next generation in a tax efficient manner, without losing sight of the individual’s or family’s goals. Her practice includes estate, gift, generation-skipping transfer and income tax planning, estate and trust administration, the representation of nonprofit organizations and charitable trusts, and tax and business succession planning for closely held businesses.
Prior to joining Gilmore, Rees & Carlson, Lisa was a partner at McCarter & English, LLP in the firm’s Private Client Tax Groups. Previously she was partner with the Boston law firm of Gadsby Hannah, LLP focusing on estate planning and tax. Gadsby Hannah, LLP merged into McCarter & English, LLP, a North Atlantic Regional law firm, in June 2006.
Lisa is a fellow with the American College of Trust and Estate Counsel. She currently serves as Chair of the Massachusetts Bar Association’s Taxation Law Section, as well as the Co-Vice Chair of the Business Planning Group of the American Bar Association’s Real Property, Trust and Estate Law Section.
Lisa has been a featured speaker on estate planning and tax at numerous seminars, including for the American Bar Association, Massachusetts Bar Association, and ALI-ABA. She has published articles on a wide variety estate planning issues, including probate, family limited partnerships, estate liquidity and the generation skipping transfer tax.

Representative Experience
She has extensive experience in all aspects of estate planning, including the following:
• Marital deduction planning, for citizens and non-citizens, including portability planning
• Generation-skipping transfer trusts
• Grantor retained annuity trusts (GRATs)
• Family LLCs (limited liability companies) and family limited partnerships
• Qualified Personal Residence Trusts (QPRTs)
• Installment sales to grantor trusts
• Intra-family loans
• Life insurance trusts
• Asset protection trusts
• Pre-immigration planning
• Charitable remainder trusts
• Charitable gift annuities
• Charitable foundations

Recognition
American College of Trust and Estate Counsel (ACTEC) – Fellow – ACTEC fellows are elected based on having demonstrated the highest level of integrity, commitment to the profession, competence and experience as trust and estate counselors.

Martindale-Hubbell AV® Rated, a certification mark indicating that the lawyer's peers rank him at the highest level of professional excellence.

Massachusetts Super Lawyers’ “Rising Star” in Estate Planning & Probate – 2005, a designation given to only the top 5% of lawyers in the state, as determined by their peers.

Professional and Community Involvement
American Bar Association, Member
• Business Planning Group of the ABA's Real Property Trust and Estate Law Section, Co-Vice Chair, 2011-2012
• Estate Planning and Administration for Business Owners, Farmers and Ranchers Committee of Business Planning Group of the American Bar Association's Real Property Trust and Estate Law Section
o Co-Chair, 2010-2011
o Co-Vice Chair, 2009-2010
Massachusetts Bar Association, Member
• Massachusetts Bar Association Taxation Law Section Council
o Chair, 2010-2012
o Co-Chair, 2009-2010
o Member, 2006-2009
• Massachusetts Bar Association Probate Law Section, Member
Boston Estate Planning Council, Member
American College of Trust and Estate Counsel (ACTEC), Fellow, Elected 2011

Speaking Engagements
"State Decoupling in Business Succession Planning", ABA Section of Real Property, Trust and Estate Law/Section of Taxation Fall Joint Meeting, Panel Member, October 21, 2011.
“Solving Liquidity Issues in Estate Administration, NBI Teleconference, September 22, 2011.
“The Basics of Developing an Estate Plan”, Panel Member, Massachusetts Bar Association, July 28, 2011.
“Tax Implications in Real Estate Transactions”, Panel Member, Massachusetts Bar Association, May 19, 2011.
"The Use of Formula Allocation Clauses for Gifts and Sales of Closely Held Business Interests in 2011 ", ABA Section of Real Property, Trusts & Estates Law Spring Symposium, Trusts & Estates, Panel Member, April 28, 2011.
“A Trust Series You Can Trust: A Comprehensive Guide to Trust Practice – Types of Trust”, Panel Member, Massachusetts Bar Association, March 29, 2011.
“A Trust Series You Can Trust: A Comprehensive Guide to Trust Practice – How to Establish a Trust”, Panel Member, Massachusetts Bar Association, March 1, 2011.
“What Every Practitioner Needs to Know About the New Tax Act”, Program Chair, Massachusetts Bar Association, February 16, 2011.
"Primer on Tax Aspects and Mechanics of Entity Conversions", ABA Section of Real Property, Trust and Estate Law/Section of Taxation Fall Joint Meeting, Panel Member, September 24, 2010.

"The Probate Process From Start to Finish", National Business Institute, July 21, 2010.
"Finding the Money: Options in the Face of Illiquidity", as part of American Law Institute American Bar Association Continuing Professional Education's "Representing Estate and Trust Beneficiaries and Fiduciaries", July 16, 2010.

"The Lifecycle of a Family Business Owner: Birth, Midlife Crisis, Death and Beyond! The Final Years: liquidity issues at and after death-or, 'the tax man cometh' ", ABA Section of Real Property, Trusts & Estates Law Spring Symposium, Trusts & Estates, Panel Member, May 6, 2010.
"Income and Gift Tax Aspects of Estate Planning with LLCs", as part of Massachusetts Bar Association's "Planning with LLCs", April 29, 2010.
"Federal Transfer Tax Developments for the General Practitioner", Massachusetts Bar Association Annual Conference 2010, March 11, 2010.

"Massachusetts Uniform Probate Code and Prenuptial Agreements", Boston Bar Association, November, 2009.
"Estate Planning, Probate and Tax Strategies", Greater Boston, Business Professional's Networking Group, December, 2009.
"Section 754---Making the Election or Not" and "Survey of Tax Developments of Importance to Closely-Held Businesses", ABA Section of Real Property, Trust and Estate Law/Section of Taxation Fall Joint Meeting, September 25, 2009.
"Planning for Liquidity in Estates Holding Closely-Held Business Interests: Loans", ABA Section of Real Property, Trusts & Estate Law Spring Symposium, Trusts & Estates, Panel Member, April 2009.

"Estate Planning and Wealth Transfer Strategies in this Tumultuous Time: What Should we be Doing Now?", McCarter & English, LLP, Panel Member, November, 2008.

Publications
“Basic Strategies to Preserve and Protect the Family Business”, A Practical Guide to Estate Planning in Massachusetts, Chapter 10 3rd ed. (2011), Massachusetts Continuing Legal Education, co-author

"Borrowing for Postmortem Liquidity, Part 1" Probate & Property (November/December 2010).
"Borrowing For Postmortem Liquidity, Part 2 - A Primer On IRC § 6166” Probate & Property (January/February 2011)
"Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010", Massachusetts Lawyers Journal, Vol. 18 No. 8, April 2011.
“End of the Estate Tax Looms”, Massachusetts Lawyers Journal, Vol. 18 No. 4, December 2010
"Gifts of Partnership or LLC Interests: Annual Exclusion Gifts?", Taxation Law Section, Massachusetts Bar Association, Section Review, Vol. 12, No. 3, 2010.
"Planning for Liquidity in Estates Holding Closely-Held Business Interests-Loans", October, 2009 Update to Estate and Personal Financial Planning by Edward F. Koren and published by Thompson West.
"The Knight Decision: The '2 Percent Floor' Applies to Trust", Taxation Law Section, Massachusetts Bar Association, Section Review, Vol. 10, No.2, 2008.
"The New Tax Return Preparer's Standards", Taxation Law Section, Massachusetts Bar Association, Section Review, Vol.10, No. 1, Author, 2008.

lrico@grcpc.com