When a person has built up a lot of wealth, one of their hopes may be that this wealth will remain in their family for a long time after their death. However, there are many challenges that can arise when it comes to actually keeping wealth in the family.
An injury can have the potential to impact a person for the rest of their life. This can particularly be the case for seniors, as the various things that go along with old age can make recovering from an injury difficult. Elderly individuals sometimes never fully recovery from an injury.
Federal estate tax exemptions have gone up in the past several years, and now most Massachusetts residents do not have to worry about the issue. However, estate tax laws could always change, and some people want to plan for the potential for lower exemptions and higher estate taxes in the future.