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Terry is thoroughly conversant with the income tax law as applied to individuals, partnerships, corporations, trusts, and estates; the estate and gift tax law (including the generation-skipping transfer tax law); and the Uniform Probate Code as adopted in Maine. Terry is highly proficient in the tax requirements concerning distributions from qualified plan accounts and individual retirement accounts, and in the use of valuation discounts to minimize transfer taxes. Terry counsels and assists clients in designing and implementing transfer-tax-saving and asset-protection strategies for their business assets and their personal wealth. In addition, his practice includes supervising the administration of decedents’ estates. He has extensive experience in the preparation of wills, living trusts, living wills, powers of attorney, irrevocable insurance trusts, generation-skipping estate plans, grantor retained income trusts, qualified personal residence trusts, family limited partnerships, family limited liability companies, and charitable split-interest arrangements. | 