Estate Tax Planning

Taxes are a frustrating but unavoidable part of life. They can also be part of someone's death. Some taxes are unavoidable even after death. The estate has to help settle the decedent's income tax obligations and may have separate income tax obligations due to the...

The executor or personal representative you choose to administer your estate after your death will have many responsibilities.One of those is the payment of the estate taxes under Massachusetts law, but is payment required of every decedent’s estate? Meeting the...

Especially when it comes to larger inheritances, valuation has the potential to be one of the most important steps when distributing an estate. That is because Massachusetts has an estate tax.Your loved one probably intended for the estate to go to the heirs, and not...

There is one subject that can put a damper on estate planning: the concept of taxes. Estate taxes vary significantly from one state to the next, so you need to be certain you understand what you need to do when you live in Massachusetts. As you plan your...

If you are the executor of an estate that exceeds the Massachusetts exclusion amount of $1 million, you may have some questions about paying the estate taxes. Here are some answers to commonly asked questions about filing estate taxes, according to Mass.gov: Due dates...

On December 20, Congressional Republicans passed tax reform and President Donald Trump signed it into law two days later.This tax bill underwent many changes in its journey to passage. For instance, at one point the estate tax was going to be eliminated. At another...

When it comes to estate taxes, many issues may need to be taken into consideration, even after a person has passed away. For example, if your spouse recently lost his or her life, you may not realize that you could still be able to benefit from estate tax...

With regard to estate taxes, there may be a number of questions on your mind. However, it is important to have a solid understanding of some of the basic terms if you are preparing to plan ahead and reduce or even get rid of estate taxes. If you live in Middlesex, or...

Whether you have a will or are thinking about setting up a trust, you may have many different types of estate-related considerations. However, you should definitely look into estate taxes if you have a high net worth, or think your financial situation may result in...

When you are planning your estate in Massachusetts, you may have to undergo a capacity test of some kind to ensure you have the mental capacity to legally create your estate documents. Most often the idea of capacity is used when it comes to the creation of your will,...