Lisa Weinstein Burns is a partner in Rimon’s Private Client Group. For over 20 years, Ms. Burns has concentrated her practice in the areas of tax planning, multi-generational wealth transfers, business succession planning, estate planning and estate administration.
Ms. Burns approaches estate planning as a holistic process. Estate planning is one of the most important investments a person can make. Ms. Burns seeks to protect a family’s well-being by preserving the wealth that has taken a lifetime or more to acquire through creation of a plan to promote family harmony and minimize taxes to the extent feasible. She listens to clients’ needs and coordinates with their advisors to customize documents and overall planning strategies to meet those needs.
Her work with clients includes drafting a variety of estate planning documents including wills, revocable trusts, irrevocable insurance and generation-skipping trusts, qualified personal residence trusts, charitable trusts, durable powers of attorney and healthcare proxies. Ms. Burns also assists executors and fiduciaries with estate and trust administration matters.
Ms. Burns has achieved an AV Preeminent Rating in Martindale Hubbell from her peers, which is the highest possible rating for both ethical standards and legal ability. Ms. Burns has been elected as a Fellow to the American College of Trust and Estate Counsel (ACTEC), which recognizes attorneys who have established outstanding reputations among their peers in terms of skill, experience, and high standards of professional and ethical conduct in the practice of trusts and estates law. Ms. Burns has been recognized by Boston Magazine and Law Politics magazine as a “Super Lawyer Rising Star” in the area of Trusts and Estates.
In the April 2008 issue of Women's Business Boston, Ms. Burns was named one of The Top 10 Lawyers by readers. Ms. Burns is a lecturer for Massachusetts Continuing Legal Education (MCLE) and has published several articles on various legal topics. Ms. Burns has served as a member of the Nominating Committee for Shir Tikvah synagogue in Winchester, Massachusetts, and as a member of the Winchester Hospital Foundation Advisory Council.
A few examples of Ms. Burns’ work are as follows:
- Designed a transfer strategy utilizing Grantor Retained Annuity Trusts (GRATs) to move appreciation from targeted assets from parent to trust for children while minimizing transfer taxes and enabling parent to retain an interest in the principal asset.
- Executed sale of multi-million dollar family-owned business to future generations via grantor dynasty trust without incurring capital gains tax and minimizing gift and estate taxes for the grantor. The dynasty trust, which is fully generation-skipping tax exempt, will protect and preserve the family business stock from estate tax and creditor claims in future generations, as well as help maintain consistent and orderly management of the company.
- Developed strategy to pass $5 Million family vacation home to the next generation in trust over a term of years by establishing multiple long-term Qualified Personal Residence Trusts (QPRTs) to minimize use of federal gift tax exemption.
- “Plan Now for The Inevitable: What Business Owners Need to Know About Estate Planning” interview published in CBS Boston - Small Business Pulse. September 20, 2016
- Tax Law Client Strategies: Leading Lawyers on Understanding and Allocating Risks, Assessing Settlements and Negotiations, and Developing Deal Strategies, published by Aspatore Books as part of its “Inside the Minds” series, 2007
- Gifting the House to Save the Home: Qualified Personal Residence Trusts, The Washington Lawyer, Nov./Dec. 1997
- The Golden Egg? Variable Universal Life Insurance, The Washington Lawyer, Nov./Dec. 1996
- Just Say No Thanks, The Legal Times, May 20, 1996, (an article regarding disclaimers)
- Charitable Remainder Trusts, a Win-Win Tax Planning Technique, The Washington Lawyer, Nov./Dec. 1995
Additionally, Ms. Burns was awarded the National First Place Prize in the American Society of Composers, Authors and Publications (ASCAP) Nathan Burkan competition, for her published Law Review Comment entitled Ancient Works, Modern Dilemmas: The Dead Sea Scrolls Copyright Case.
Associations and Organizations
- Boston Bar Association
- Massachusetts Bar Association
- Boston Estate Planning Council
~ Board of Directors (2011-2014)
~ Past Chair, Networking Committee (2015-2016)
~ Past Vice Chair, Gala Committee (2014-2015)
~ Past Senior Chair (2013-2014)
~ Past Chair, Programs Committee (2012-2013)
~ Past Chair, Round Table Committee (2011-2012)
~ Past Chair, Women’s Initiative Committee (2008-2011)
- Boston Probate and Estate Planning Forum
~ Co-Programs Director (2016-2018)
~ Secretary (2009-2012)
~ Steering Committee
- The Greater Boston Fiduciary Law American Inn of Court
- University of Massachusetts Club
~ Founding Member
~ Member of the Board of Governors
~ Scholarship Fund Committee
News, Events, & Insights
- For Better or for Worse: Spousal Rights in Retirement Plans
Summary of the Tax Cuts and Jobs Act prepared by the US House of Representatives Committee on Ways and Means
Insights November 02, 2017
“Plan Now for The Inevitable: What Business Owners Need to Know About Estate Planning” by Lisa Weinstein Burns for CBS
Insights October 25, 2016
Is This the End for Valuation Discounts in Family Wealth Transfers?
Insights September 29, 2016
Rimon Adds Tax and Estate Planning Attorney Lisa Weinstein Burns as Partner in Boston Office
News March 26, 2015