Jan 8, 2021 | durable power of attorney, Estate Planning, estate planning documents, estate tax, health care proxy
A study recently conducted by Pew Research Center had some compelling results about the percentage of people cohabitating being higher than the percentage of married couples. The study had shown that for reasons such as convenience and finances, were some of the...
Sep 21, 2020 | estate tax, estate tax savings, Massachusetts estate tax, tax
Though it never went away in Massachusetts, the last few years have been a respite from worry over federal estate taxes. That may soon come to an end. The government may be trying to get their hands into your and your loved ones’ pockets again – – and in a VERY...May 1, 2020 | Estate Planning, estate tax, Nursing Home Costs, roth conversions, trusts
It’s a New Year and, like most, you’ve probably made a list of resolutions…is protecting your family, your life savings and legacy on that list? If you do not have an estate and asset protection plan, then 2010 is the time to create one!Many erroneously believe that...May 1, 2020 | 2011, applicable exclusion, Estate Planning, estate tax, estate tax savings, Massachusetts estate tax, tax exemption
Mistake No. 3: Not planning for the Massachusetts and Federal Estate Taxes A trust is an effective way of doubling the amounts that a married couple can pass tax free to their children and grandchildren. While the federal estate tax free amounts continue to change and...
May 1, 2020 | Estate Planning, estate tax, massachusetts estate planning strategies, Massachusetts estate tax
The recent (and likely temporary) repeal of the Federal Estate Tax creates at least one critical problem you may not be aware of.Married people who don’t update their estate plan could unintentionally disinherit a surviving spouse OR create an unwanted...
May 1, 2020 | 2011, applicable exclusion, Estate Planning, estate tax, Massachusetts estate tax, tax exemption
“We know the estate tax is coming back, so you want to move assets out,” said Andrew Friedman, in a recent Reuter’s acticle, the former senior tax partner at Washington law firm Covington & Burling. “This is a good year to give away...
