Jan 5, 2021 | Charitable Giving, gift tax, gifting, IRS, trusts
Yes, these are indeed challenging times! Up is down, down is up and everything in between seems jumbled up way beyond what we would have believed just a few short months ago. Its more reason to get a reasonable handle on things. Nowhere is this more so than what it...Dec 2, 2020 | Charitable Giving, gift tax, gifting, IRS, trusts
What is an ABLE Account? An ABLE Account (Achieving a Better Life Experience Act of 2014) is a savings account that can be established by a disabled individual for qualified disability expenses and is administered by the state’s programs, such as Fidelity in...
May 1, 2020 | Elder Law, gifting, gifts, Massachusetts estate tax, Medicaid, seniors, taxes, VA benefit, veterans benefits
Today we have some extremely important information for you about what NOT to do when you’re trying to get your loved one to qualify for VA benefits. There are strict rules that govern whether or not your loved one is eligible, and they’re put in place so...Dec 31, 2012 | 2013, charitable, donations, gift, gifting, Massachusetts, year end
Time is running out for 2012 gift giving! End of year gifting by check is always an issue for those trying to use their annual exclusion amounts, but in 2012 the issue also relates to those attempting to make larger gifts to use their unified credit amounts before the...Dec 14, 2012 | Attorney, estate, exclusions, federal, gift tax, gifting, gifts, holiday, Massachusetts, tax, taxes, trust
Gifting and other estate tax reduction strategies have been at the forefront of many estate planning discussions as we approach the holidays due to the uncertainty over the estate and gift tax rules for next year. While current Federal estate and gift tax rates have...Dec 12, 2012 | alzheimer39s, Elder Law, Estate Planning, gifting, gifts, MassHealth, tax
Does MassHealth’s Penalty Apply Only to Gifts? When considering the MassHealth penalty elder law clients usually think only in terms of gifts. However, the penalty is triggered by much more than simply gifts. The penalty is triggered by a transfer for less...
