The year 2012 ended with many Americans wondering how their estate plans might change when the “Bush Era Tax Cuts” expired at midnight December 31. Fortunately a quick act of Congress, otherwise known as the The American Taxpayer Relief Act, was put into effect in the pre-dawn hours of January 1, 2013. While not all [...]
Estate taxes can take quite a chunk out of one’s inheritance, but there are a few ways to reduce them without getting on the wrong side of the law: 1. Charitable Transfers Not only is giving to charity good for society, it can really reduce the level of estate taxes. This is mainly because these [...]
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Tagged massachusetts estate tax, reduce estate taxes
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When it comes to estate planning, the most important step is to find an elder law attorney. It helps to have an impartial mind at work to make sure your assets are taken care of properly. A Massachusetts elder lawyer can help with wills, set up trusts and making sure that documents concerning transfer of [...]
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Tagged personal property, real property
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