Monthly Archives: May 2024
What Is A Life Care Plan?
Estate planning is about a lot more than putting a few legal documents in place. It is about organizing all of your affairs so that you and your family are properly protected—no matter what tomorrow might bring. Life care planning is a specialized sub-category of estate planning focused on those who have—or are expected… Read More »
Estate Planning: Three Benefits Of Setting Up A Charitable Remainder Trust
Do you want to leave money to charity as part of your estate plan? A Charitable Remainder Trust (CRT) may be your best option. The Internal Revenue Service (IRS) explains that a Charitable Remainder Trust is a type of irrevocable trust that allows you to “donate assets to charity and draw annual income for… Read More »
An Overview Of The Big Five Estate Planning Documents
You are never too young to start estate planning. Every adult in Massachusetts can benefit from a plan that effectively protects their rights, interests, finances, and future. You may be wondering: How do I get started with estate planning? The best step that you can take is to set up a confidential initial consultation… Read More »
Own Property In Multiple States? What You Need To Know About Recent Changes To The Massachusetts Estate Tax
The estate tax exemption in Massachusetts is far below the federal level. In fact, the Massachusetts estate tax exemption—$2 million—is one of the lowest in the entire country. Notably, the estate tax exemption recently doubled from $1 million. With that increase, came other changes—including a reform that impacts people who own property in other… Read More »