The estates of most people will not reach the threshold for the federal estate tax exemption, which is currently $5.45 million for an individual and $10.9 million for married couples. However, here in Massachusetts, the state estate tax exemption is well under...
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Local : 617-379-0022
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Local : 617-379-0022
Toll Free : 866-591-4451
Month: May 2016
Having a will and a revocable trust is not enough
Massachusetts residents who engage in estate planning often feel that their job is done once they sign on the dotted line. However, having a will and/or a revocable trust is not enough to ensure that the assets will end up with the proper heir or beneficiary. The...
Estate planning is essential to asset protection
Even if many Massachusetts residents have estate plans, that does not mean that all of their assets will pass to loved ones in accordance with their wishes. Even so, having an estate plan is better than not having one at all, since estate planning is essential to...
Before executing powers of attorney, consider this
Now that people are living longer thanks to medical advancements, more Massachusetts residents should consider what would happen when they are no longer able to carry out daily activities without assistance. Most people consider powers of attorney for a time when they...
Don’t forget about digital assets when creating an estate plan
Many Massachusetts residents have a significant online life. When estate planning, those digital assets need to be taken into consideration just like any other assets. Failing to ensure that family members, or at least the executor of the estate, have access to online...