The US Internal Revenue Service has announced that the annual gift tax exclusion is increasing in 2024 due to inflation. The exclusion will be $18,000 per recipient for 2024—the highest exclusion amount ever....more
Massachusetts Governor Maura Healey signed a bill on October 4, 2023 amending the state’s estate tax law.
INCREASED MASSACHUSETTS ESTATE TAX EXEMPTION AMOUNT
For individuals dying on or after January 1, 2023, the new law...more
The US Internal Revenue Service has announced that the annual gift tax exclusion is increasing next year due to inflation. The exclusion will be $17,000 per recipient for 2023—the highest exclusion amount ever. Further, the...more
During the estate planning process, it is important to ensure that your fiduciaries (the personal representatives of the estate, trustees, and agents named in the durable power of attorney) have the information necessary to...more