Estate Tax

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...

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,...

Currently, the federal estate tax exemption amount is nearly five and a half million dollars. When confronted with this high number, many people might immediately assume that estate taxes would never apply to them and that they don’t have to worry about estate...

Many things can impact what kinds of state estate tax issues could come up in relation to a person’s estate here in Massachusetts.One is what kind of property the estate contains. Massachusetts has a value threshold for when the estate tax will apply to an...

This time of year, many people are thinking about what kinds of gifts they are going to give their family and friends for the holidays. Some individuals end up deciding to give their loved ones financial gifts.Such holiday giving could take the form of a simple cash...

Some might think that estate taxes are the only tax issue where estate planning and taxes really intersect. However, there are other types of tax issues estate planning can be directed towards. This includes income tax issues, like issues regarding the capital gains...

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.This can be...