Office: 978-494-6730
Menu / Navigate
Secondary Nav

Focus: estate planning for truly high-asset families

"Wealth doesn't come with a handbook."

So says a multimillionaire business principal who, like many similarly wealthy individuals, duly stresses about the future of his children.

Although that concern might seem a bit misplaced -- even incongruous -- for well-heeled business tycoons and families in Massachusetts and across the country, it is decidedly the case that, wealth notwithstanding, all parents worry about their kids' futures.

Reportedly, and as noted in a recent Washington Post article discussing inheritances and other estate planning matters for exceptionally wealthy Americans, a singular concern for that demographic -- especially for family scions focused upon wealth transfer across generations -- is the continued well-being of children growing into adulthood.

Notably, the concern is not about simply ensuring a continued cash flow. Rather, it is decidedly about balance, namely, the importance of an inheritor to know and understand great wealth while at the same time maintaining a desire to lead a meaningful, motivated and productive life.

In other words: Truly rich wealth creators often worry that great riches can dull motivation. There can be a fine line attached to acknowledging lofty assets and continuing to instill a work ethic and drive in future inheritors.

How that line is walked will depend upon singular factors existing in every family. Sound estate planning obviously resists cookie-cutter solutions, which is a fact manifestly evident where outsized wealth is involved.

Regardless of the bottom-line financials relevant to any family, timely and proactive attention paid to estate planning and administration routinely promotes best-case outcomes across a wide universe of considerations, ranging from asset transfer/inheritances and lawful tax avoidance to charitable giving, family legacy concerns and additional matters.

A proven estate planning attorney who routinely works with diverse clientele -- including individuals and families with significant assets -- can provide further information.

No Comments

Leave a comment
Comment Information

Contact The Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy


The Law Offices of Kimberly Butler Rainen
21 Central Street
Andover, MA 01810

Phone: 978-494-6730
Phone: 978-409-1928
Fax: 978-849-8212
Map & Directions

office office office office

We are in a 1700s Colonial located on the intersection between Brook Street, Central Street and Essex Street in historic downtown Andover, Massachusetts. The parking lot entrance is located on Brook Street, which is a one-way. From Central, turn down Essex Street. Before reaching the railroad tracks, when you see the St. Augustine Church on your right, take a sharp left turn on to Brook Street, which will turn you back toward Central Street. As you ascend the hill back toward Central Street, you will see large stone pillars on either side of the entrance to our parking lot. We have assigned parking spaces numbered 7 and 10.

From the parking lot, you may take the stairs located on the rear, left-side of the building up to the garden area, where the foyer entrance to our office is located. You can also follow the sidewalk on Brook Street up to Central Street, walk along Central Street past the main house entrance (with a wrought iron gate across the walk way) to an opening in the wrought iron fence, in to the garden area where the foyer entrance to our office is located.