Question: My parents have considerable assets. What can they do now to reduce the potential estate taxes? Many clients may be near or over the estate tax exemption and owe federal estate taxes upon their death (see my post on ways to avoid state taxes to see federal estate tax rates). Furthermore, individuals must also [...]
Declining interest rates may not be good for potential buyers of bank Certificates of Deposit, but they are good news for various estate planning strategies. I will address a few areas and techniques where low interest rates can have a very positive impact on the estate planning process: Qualified Personal Residence Trust (QPRT) – A [...]
Revocable Living Trusts have become popular for probate avoidance and maintaining private information about assets and loved ones. In addition to these two very important features, many people may not fully understand the living trusts protective power in the event the grantor, the one who establishes the trust, becomes unwilling or unable to manage the [...]
Elder Attorney, Adam J. Tobin's offices are located at 809 Turnpike Street, North Andover, MA 01845. Elder law council and other services are offered for the Essex County, Middlesex County, Worcester County and Suffolk County in Massachusetts communities.
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