People often assume that if their estate isn’t taxable, they don’t need to have an estate plan. In 2024, a Massachusetts estate tax return must be filed if the value of the deceased person’s gross estate exceeds $2 million. A...more
12/31/2024
/ Asset Protection ,
Beneficiaries ,
Business Succession ,
Charitable Donations ,
Creditor Protection ,
Estate Planning ,
Gifts ,
Incapacitated Persons ,
Minor Children ,
Pets ,
Probate ,
Special Needs Trust ,
Spouses ,
Trusts ,
Wills
Many people fear the word probate, and it is not without reason. Probate can be a tedious, expensive and lengthy process, where you are at the whim of the court’s timeline. But what is probate? Probate is when you must...more
A handwritten or scribbled will signed by the testator is technically known as a holographic will, and many people try to prepare their own wills in an attempt to be frugal. However, are holographic wills valid in...more
Many people think they don’t need “estate planning” because they don’t have enough assets to generate an estate tax; however, there are four basic estate planning documents everyone should have regardless of net worth.
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Massachusetts is already an unattractive state of residency from an estate tax planning perspective because of its low estate tax filing threshold of $1,000,000 per person. Once a person’s adjusted taxable estate is over $1M...more
10/5/2020
/ Estate Planning ,
Estate Tax ,
Income Taxes ,
Intangible Property ,
Non-Residents ,
QTIP Trusts ,
Retirement Plan ,
Surviving Spouse ,
Tax Liability ,
Tax Planning ,
Tax Rates ,
Tax Returns ,
Transfer of Assets