Education

Boston University

L.L.M., Taxation

Suffolk University

J.D.

Smith College

A.B.

Previous Experience

  • Prince Lobel Tye LLP (Partner)

Bars & Courts

Massachusetts

Professional Experience

Patricia M. Annino is a partner in Rimon’s Trust and Estates Group. A nationally recognized authority on estate planning and taxation, Ms. Annino has more than 30 years of experience serving the diverse needs of families, individuals, and owners of closely held businesses.

Ms. Annino joins from Prince Lobel, where she served as Chair for the firm’s Estate Planning and Probate Group. Ms. Annino’s practice includes all aspects of private client work, including estate planning; will and trust planning; incapacity planning; prenuptial and postnuptial agreements; estate litigation; advising executors, trustees and beneficiaries and administration of estates and trusts.  

Ms. Annino particularly focuses on planning for family business owners, including coordinating their estate planning, corporate and succession needs. In addition, she represents non-profit entities and private family foundations. Ms. Annino testifies as an expert witness in high-stakes divorce cases where trusts and other inherited assets are at risk. Her testimony has been favorably reviewed by the Massachusetts Probate Courts.

A leading voice on estate planning matters, Ms. Annino has been quoted extensively in a wide variety of local and national publications including the Wall Street Journal, Barron’s Dallas Morning News, Chicago Tribune, MarketWatch, Investors.com, and Women’s Business Journal. She has acted as the estate planning consultant to the independent investment research provider, Morningstar, and has been interviewed on Bloomberg Television.

A frequent public speaker, Ms. Annino has presented nationally to high-level donors and trustees of hospitals, museums, and other nonprofits, as well as private banking clients, owners of closely held businesses, and alumni organizations. She has spoken to various groups about her book, Women and Money: A Practical Guide to Estate Planning, and was interviewed by Family Business Wiki Newsletter in May, 2013. Patricia also writes a monthly column for CPA Insider, a newsletter sent to more than 160,000 CPAs and other wealth managers and advisors.


REPRESENTATIVE MATTERS

  • Worked with two generations in a family business to design and implement a succession plan that incorporated tax planning, business planning and estate planning.
  • Worked with two generations in a real estate development family business to create and reorganize entities for the opportunity to obtain 6166 estate tax instalment payment plan, including succession of ownership and management of related entities.
  • Decanted numerous irrevocable trusts to expand business powers, reduce administrative costs and retain family control.
  • Provided expert testimony in probate court in several divorce cases on the exclusion of trust assets from the marital estate.
  • Acts as counsel to private foundations on issues such as in depth review and analysis of self dealing rules (compensation and related party), establishing title holding company for liability purposes a general governance issues including family controlled corporate documents and bylaws and agreements establishing donor intent.
  • Negotiating prenuptial and post nuptial agreements for family business owners including issues pertaining to phantom income and alimony calculations.
  • Acts as general counsel to non profit charitable entities on donor issues such as self dealing, international philanthropy, and donations of complex assets such as interests in closely held businesses, limited partnerships and artwork.
     

AWARDS

  • 2016 Super Lawyers and Rising Stars
  • AV® Preeminent™ Peer Review Rated Fellow, American College of Trust and Estates Counsel (ACTEC)
  • 2010-present: Named an expert in the field of Trusts and Estates in Legal Media Group’s Expert Guides
  • 2008-present: Listed in The Best Lawyers in America®, New England’s Best Lawyers, and Boston’s Best Lawyers (Woodward/White) in the field of Trusts and Estates
  • 2004-present: Named a “Massachusetts Super Lawyer” in the area of Estate Planning & Probate
  • 2013: Received a “Top Women in Law” recognition by Massachusetts Lawyers Weekly
  • 2012: Received Euromoney Legal Media’s “Best in Wealth Management USA” Award
  • 2009-2012: Selected as one of the top 50 female lawyers in Massachusetts in Boston magazine’s “Super Lawyers” poll
  • 2009: Recipient of Suffolk University Law School’s “Outstanding Alumni Achievement Award”
  • 2007: Named “Estate Planner of the Year” by her peers in the Boston Estate Planning Council

PUBLICATIONS (Books and Chapters in Books)

  • 1998- present Author, Volumes 23 and 24 of Massachusetts Practice Series, Estate Planning in Massachusetts (with Forms), Thomsen Reuters Publishing Company
  • 2016- present, Author Volumes 21 and 22 of Massachusetts Practice Series, Probate Administration in Massachusetts, Thomsen Reuters Publishing Company
  • 2014 It’s More Than Money: Protect Your Legacy
  • February 2011- present: Regular contributor to CPA Insider, a monthly e-newsletter published by the American Institute of CPAs. Patricia writes regularly on topics such as estate planning, investment planning, real estate, eldercare, and more.
  • Regular contributor to MCLE publications, including the “Federal Gift Tax” chapter in A Practical Guide to Estate Planning in Massachusetts and the chapter “Literature, Art, Music and Computer Programs” in Drafting Wills and Trusts in Massachusetts. 

View More Publications

  • “Educating the Client in Estate Planning,” a chapter in the 2009 Thomson Reuters publication New Strategies for Estate Planning: Leading Lawyers on Working with Clients, Updating Traditional Strategies, and Responding to Recent Legal and Economic Developments (Inside the Minds).
  • April 2011: Patricia published her updated edition of Women and Money: A Practical Guide to Estate Planning. This latest edition incorporates the changes to the current laws and provides a wealth of additional information to both educate and empower the reader.
  • 2009: Cracking the $$ Code: What Successful Men Know and You Don’t (Yet)
  • 2009: Women in Family Business: What Keeps You up at Night?
  • 2004: Women & Money, A Practical Guide to Estate Planning

RECENT ARTICLES

  • August 2016: “Why You Should Review the Funding of Your Clients’ Irrevocable Trusts” – CPA Insider
  • April 2016: “Key Questions to Ask the Family Business Owner Who Plans to Sell” – CPA Insider
  • March 2016: “3 Steps Clients with Kids in College Need to Take” – CPA Insider
  • March 2016: “What to do When a Client Wants to Give an LLC or Limited Partnership Unit to Charity” – CPA Insider
  • February 2016: “Don’t Let Our Clients Miss Out on the IRD Deduction” – CPA Insider
  • October 2015: “Don’t let Clients Overlook These Key Estate Planning Issues” – CPA Insider
  • September 2015: “Charitable Bailouts Can Save Your C Corporation Clients Big on Taxes” – CPA Insider

View More Articles

  • July 2015: “Avoid these Errors on the Federal Gift Tax Return” – CPA Insider
  • June 2015: “Clients divorcing? Be sure to handle these estate planning details” – CPA Insider
  • June 2015: “Avoid These Common Mistakes When Preparing a Federal Estate Tax Return” – CPA Insider
  • April 2015: “Ensure That Your Client’s Trusts Don’t Endanger Their Corporations’ S Status” – CPA Insider
  • March 2015: “Why Focus on Estate Planning?” – CPA Insider
  • February 2015: “Help your Clients Choose the Right Beneficiaries” – CPA Insider
  • December 2014: “How CPAs Can Help Clients Address the No. 1 Planning Obstacle” – CPA Insider
  • October 2014: “Boilerplate Trust Clauses” – Journal of Accountancy
  • October 2014: “Estate planning for the 99%” – CPA Insider
  • September 2014: “Common Post-ATRA Estate Planning Mistakes” – CPA Insider
  • July 2014: “The Importance of Boilerplate Trust Clauses: Sterling, the Clippers, and Incapacity” – CPA Insider
  • June 2014: “Challenges to Advising Clients in Late-Life Marriages” – CPA Insider
  • March 2014: “Portability vs. Credit Shelter Trust: Which Should Your Clients Use?” – CPA Insider
  • February 2014: “Strategies to Strengthen the Accountant/Attorney Team” – CPA Insider
  • January 2014: “Planning at the Intersection of Income and Estate Taxes” – CPA Insider
  • December 2013: “Understanding the Pitfalls and Risks of Irrevocable Trusts” – CPA Insider
  • November 2013: “Decanting Trusts” – SumNews, the magazine of the Massachusetts Society of CPAs
  • September/October 2013: “What to Consider When You’re Asked to Serve as a Trustee” – CPA Insider
  • August 2013: “CPAs as Trusted Advisors: Helping Clients Through Disruptive Life Events” – CPA Insider
  • July 2013: “Modern Reproductive Options Are Creating Interesting New Wrinkles in the Estate Planning Process” – CPA Insider
  • June 2013: “Family Business Succession Planning for the “Lost Generation” – CPA Insider
  • May 2013: “Pros and Cons of Guardianships for Parents of Impaired Adults” – CPA Insider
  • April 2013: “Estate Planning Trends You Need to Know About” – CPA Insider
  • March 2013: “For-Profit Philanthropy: Has its Time Come?” – Wealth Management Insider
  • February 2013: “What Do You Mean Irrevocable? I Want to Amend That Trust” – Wealth Management Insider
  • January 2013: “But Mom and Dad Promised Me Their Entire Estate … or at Least Their Home” – Wealth Management Insider
  • December 2012: Year-End Reasons to Give to Charity: Charitable Milestones Offer Inspiration – Wealth Management Insider
  • November 2012: “Understanding the Systems Perspective When Running a Family Business” – Wealth Management Insider
  • November 2012: “Estate Planning For An Unpredictable Future” – Wealth Management Insider
  • October 2012:”Four Trends in Estate Planning” – Wealth Management Insider
  • September 2012: “Now is the Time to make Tax-Free Gifts” – Client Alert
  • August 2012: “Why it Pays to Consider a Congruency Audit” – Wealth Management Insider
  • July 2012: “Four Common Estate Planning Mistakes and How to Avoid Them” – Women in Medicine Bulletin
  • July 2012: “Long-term Care Insurance Regardless of Your Client’s Net Worth” – Wealth Management Insider
  • June 2012: “You Are Challenging My Will – But I’m Not Dead Yet!” – Wealth Management Insider
  • May 2012: “Understanding the Basics Behind Organ and Tissue Donations” – Wealth Management Insider
  • April 2012: “Estate Planning for Valuable Art” – Wealth Management Insider
  • March 2012: “Gifting Ownership of a Vacation House: A Gift or a Curse? – Wealth Management Insider
  • February 2012: “Does Your Client Have a Beneficiary With a Substance Abuse Problem?” – Wealth Management Insider
  • January 2012: “Is Your Estate Planning in Better Shape Than Stieg Larsson’s? Nine New Year’s Resolutions You and Your Clients Can’t Do Without” – Wealth Management Insider

PAST AND UPCOMING SPEAKING ENGAGEMENTS

  • November 9, 2017 “Family Business Planning in a Seven Generation World: The Prince Charles Syndrome”, Family Firm Institute (FFI) Regional Conference, Boston MA.
  • November 6, 2017 “Women & Money: A Practical Guide to Estate Planning”, Sandwich Women’s Club, Sandwich MA.
  • October  28, 2017 “Power Surge: Enterprising Families and Their High Impact Philanthropy”, Family Firm Institute (FFI) Annual Research and Education Symposium, Chicago, IL
  • October 26, 2017 “Family Owned Businesses in Trusts: An In Depth Look at Some of the Electric Tensions”, Family Firm Institute (FFI) Annual Conference Chicago IL
  • June 21-22, 2017 “Estate Planning in a Seven Generation World” 4th Annual American Institute on Federal Taxation (University of Alabama, Birmingham, Alabama)
  • May 25, 2017 “So How Do We Plan Given The Massive Changes in the Estate Planning Landscape?”  New York State Society of CPAs Annual Conference, New York, New York
  • May 3, 2017 “Women & Money: A Practical Guide to Estate Planning”, North Texas Community Foundation,  Ft. Worth Texas

View More Speaking Engagements

  • May 3, 2017 “Estate Planning in a Seven Generation World”, North Texas Community Foundation, Ft.Worth, Texas
  • February 21, 2017 “Women & Money: A Practical Guide to Estate Planning”. NYLife Womens Market Seattle Washington
  • March 21, 2017 “The Nuts and Bolts of Estate Planning” Dana Farber Cancer Institute, Boston MA
  • March 22, 2017 “Estate Planning for the Art Collector: Museum of Fine Arts Boston, MA
  • April 19, 2017 ‘Estate Planning for the Second Marriage” National Webinar, New York Life Insurance Company
  • April 28, 2017 “Viva La Difference- Women Owned Family Businesses” PDFB Chicago Ilinois
  • May 3, 2017, “Women & Money: A Practical Guide to Estate Planning”, North Texas Community Foundation,  Ft. Worth Texas
  • May 3, 2017, “Estate Planning in a Seven Generation World”, North Texas Community Foundation, Ft.Worth, Texas
  • May 25, 2017 “So How Do We Plan Given The Massive Changes in the Estate Planning Landscape?”  New York State Society of CPAs Annual Conference, New York, New York
  • June 21, 2017 “Estate Planning in a Seven Generation World” 4th Annual American Institute on Federal Taxation (University of Alabama, Birmingham, Alabama)
  • October 26, 2017 “Family Owned Businesses in Trusts: An In Depth Look at Some of the Electric Tensions”, Family Firm Institute (FFI) Annual Conference Chicago IL
  • October 28, 2017 “Power Surge: Enterprising Families and Their High Impact Philanthropy”, Family Firm Institute (FFI) Annual Research and Education Symposium, Chicago, IL
  • November 6, 2017 “Women & Money: A Practical Guide to Estate Planning”, Sandwich Women’s Club, Sandwich MA.
  • November 9, 2017 “Family Business Planning in a Seven Generation World: The Prince Charles Syndrome”, Family Firm Institute (FFI) Regional Conference, Boston MA.
  • February 25, 2016 “Women & Money: A Practical Guide to Estate Planning”, Greenville South Carolina
  • March 16, 2016 “Best Planning Ideas for 2016 and Beyond”, Louisville Kentucky Estate Planning Council
  • March 30, 2016 “Estate Planning for the Art Collector”, MFA Boston MA
  • April 28, 2016 “Best Planning Ideas for 2016 and Beyond” and “Charitable Planning for the Closely Held Business Owner”, Houston Planned Giving Council, Houston Texas
  • May 4, 2016 “It’s More than Money: Protect Your Legacy”, Hebrew Senior Life Boston MA
  • May 16, 2016   “Best Planning Ideas for 2016 and Beyond” and “Charitable Planning for the Closely Held Business Owners” Birmingham Estate Planning Council, Birmingham Alabama
  • May 26, 2016 “Current Trends in Life Insurance and Estate Planning”, New York State Society of CPA Annual Conference New York, New York
  • October 27, 2016 “Competence is the New Estate Planning Challenge” Family Firm Institute (FFI) annual conference, Miami Florida
  • November 3, 2016 “To Gift or Not to Gift: That is the Question”- Institute for Private Wealth Forum, San Francisco California
  • November 8, 2016 “Understanding the Power of the Women’s Market in Philanthropy”, Planned Giving Association of New England (PGNEE), Boston Massachusetts
  •  November 15, 2016 “Estate Planning for the Art Collector” Museum of Fine Arts, Boston MA
  • December 15, 2015 “It’s More than Money: Protect Your Legacy”, Connect for Life, Massachusetts
  • October 2015: “The Elasticity of the Family Business Owner”  Family First Institute’s 28th Annual Global Conference.
  • May 2015: Best Planning Ideas for 2015,  New York State Society of CPAs Estate Planning Conference New York New York
  • April 2015: “Women, Wealth, and Longevity” Harvard T.H. Chan School of Public Health, New York New York
  • November 2014: “The 10 Best Tax Planning Ideas for 2014” – speaker and panelist at the American Institute of CPAs annual estate planning conference
  • October 2014: “Estate Planning for the Art  Collector: at the Museum of Fine Arts, Boston Wealth Management Seminars
  •  aOctober 2014: “Family Enterprise: Complexities, Constituencies and Constellations” – speaker at The Family Firm Institute’s 2014 Global Conference
  • October 2014: “Working Today, Planning for Tomorrow” – speaker to faculty and staff at Dana-Farber Cancer Institute
  • September 2014: “Women and Philanthropy: The Bottom Line for Planned Giving” – speaker at BNY Mellon 2014 Client Conference
  • September 2014: Featured speaker at New Hampshire Estate Planning Council Dinner Meeting
  • June 2014: Keynote speaker at Suffolk University Frost Society Luncheon
  • May 2014: “Conversations in Philanthropy” – speaker and panelist
  • May 2014: “Smart Women, Smart Money” – speaker to faculty and staff at Dana-Farber Cancer Institute
  • May 2014: “New Trends in Estate Planning” at New York State Society of CPAs Annual Estate Planning Conference
  • April 2014: “Strategic Phases of Philanthropy” at U.S. Trust Private Wealth Management Event
  • April 2014: “Gift Options for Complex Assets” at State Street Global Advisors 2014 Annual Gift Planning Conference
  • March 2014: “Working Today, Planning for Tomorrow” – speaker to faculty and staff at Dana-Farber Cancer Institute
  • February 2014: “Women and Money” at Italian Home for Children
  • January 2014: “The Strategic Phases of Philanthropy: A Conversation about Giving across Generations” – speaker and co-host at U.S. Trust event
  • November 2013: “Understanding the Estate Planning Needs of Families and Owners of Closely Held Companies” – featured speaker at Partnership of Philanthropic Planning of Rhode Island
  • November 2013: Speaker and Panelist at 2013 AICPA Sophisticated Tax Planning Conference
  • October 2013: Full Day Presentation to Museum of Fine Arts Members and Donors
  • October 2013: “Family Secrets and Ghosts: Becoming a Beacon of Hope in the Fog”: Family Firm Institute 2013 Conference
  • September 2013: Featured speaker at Citi Private Bank’s Women’s Series
  • September 2013: “Women and Money”: Presentation to Donors at Boston Children’s Hospital
  • September 2013: “Women and Money” at Hebrew Senior Life
  • August 2013: “Practical Tips and Strategies to Attain Congruent Planning”: Purposeful Planning Institute 2013 Rendezvous
  • July 2013: “A Conversation About Women & Money With Patricia M. Annino and Derek Sanderson”
  • June 2013: “Estate Administration in Massachusetts” at Boston Tax Institute
  • May 2013: “Understanding the Changing Tax Laws to Maximize Your Family and Charitable Goals” – presentation to Mass General Hospital physicians and donors
  • May 2013: “Wine, Women & Wealth”: Presentation to Graduates of Greater Boston Catholic Schools for Girls
  • May 2013: “Continuity Governance – Succession Planning for the Family”: American Families Business Conference 2013
  • March 2013: “Planning for Art and Collectibles”: Museum of Fine Arts Wealth Management Seminar
  • January 2013: “Understanding Philanthropy in a Changing Time”: Presenter at New England Baptist Hospital Trustee Retreat
  • December 2012: “The Ethics Behind Estate Planning”: Webinar for West Legal Education Center
  • November 2012: “A Woman’s World: Thoughtful Year-End Planning”: Panelist at Brown Advisory Program
  • September 2012: The Friday Forum: “Engaging the Philanthropic Community”
  • September 2012: Business Family Governance Training: Faculty Member at Business Families Foundation Training Program
  • September 2012: “She Makes Change”: Three-Part Online Conference Presented by Women’s Philanthropy Institute
  • September 2012: “The Legal Aspects of Organ and Tissue Donation”: Webinar for West Legal Education Center
  • June 2012: Guest Speaker at Winchester Hospital Advisory Council: “Women & Money: A Practical Guide to Estate Planning”
  • May 2012: Featured Speaker at Dana-Farber Cancer Institute Program: “Women & Money: A Practical Guide to Estate Planning”
  • May 2012: Featured Speaker at Union Club’s “Women of Distinction” Series
  • April 2012: Moderator at The Americas Families in Business Conference: “Risk Management For Business-Owning Families”
  • April 2012: Speaker at State Street Global Advisors 2012 Annual Gift Planning Conference
  • March 2012: Featured Presenter at Museum of Fine Arts Wealth Management Seminar
  • March 2012: Moderator at Prince Lobel seminar, “Hidden Employment Traps for the Business Owner”
  • March 2012: Guest Speaker at Winchester Hospital’s Winton Club Business Meeting
  • January 2012: Webinar: “Estate Planning for the Non-Traditional Family”

MEMBERSHIPS & AFFILIATIONS

  • American Bar Association
  • American College of Trust & Estate Lawyers (Fellow)
  • Purposeful Planning Institute
  • Boston Estate Planning Council
  • Family Firm Institute, Inc. (FFI) Board of Directors
  • Business Families Foundation (BFF) Board of Directors
  • New England Baptist Hospital’s Philanthropy Committee
  • Indiana University Lilly School of Philanthropy Women’s Philanthropy Institute Advisor Board
  • Suffolk University School of Law, Dean’s Cabinet
  • Former President of the Suffolk Law School Alumni Association
  • Former President of the Alumni President’s Council of Independent Secondary Schools
  • Former  President of Newton Country Day School of the Sacred Heart alumnae association