The Top 7 Mistakes in Estate Planning: #3 Not planning for the Massachusetts and Federal Estate Taxes
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...
What’s Really Going on With the Estate Tax?
No Federal Estate Taxes in 2010…Maybe On January 1, 2010, the federal estate tax officially went away. Although there were a few proposed bills in the house to keep the estate tax at 2009 levels (45% tax rates on assets over $3.5 million), these bills did not...
The Repeal is Here – You May Need to Update Your Estate Plan
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...
New Federal Case Law Provides Opportunities For Increased Protection for Massachusetts Homeowners and Their Families
A new case decided by the federal bankruptcy court in Massachusetts will provide the opportunity for increased protection for Massachusetts homeowners who have a trust and would like to have that trust own their home to avoid probate, minimize taxes or plan for...