Understanding estate planning terminology can help you make informed decisions about your legal documents and your family’s future. Below is a guide to common estate planning terms and their meanings, written in plan English to help demystify the process.
Estate:Estate is a word...
The Massachusetts estate tax is a tax imposed on the estate of a Decedent whose assets exceed $2M. For individuals concerned about estate taxes, a Credit Shelter Trust plan can be an effective estate planning tool. This strategy is particularly useful for married couples whose combined estates may exceed the Massachusetts estate...
Estate Planning is a critical component of planning for the future and mitigating stress caused by difficult situations. As an estate planning attorney, I find that there are many misconceptions surrounding estate planning, and those misconceptions often lead to inaction or poor decision-making. Below are some of the most popular misconceptions and...
Massachusetts remains a member of the minority of states that imposes its own state estate tax although our filing threshold was doubled to $2,000,000 in October of 2023. While the federal estate tax impacts a small minority of estates, this $2M filing threshold can easily impact a number of individuals when you...
