Massachusetts Estate Taxes: Proactive Planning Matters

Despite the Federal Estate & Gift Tax Exemption doubling, many families still potentially face onerous future estate taxes at the state level.  In Massachusetts, if you leave an estate worth more than $1 million, you may owe state estate taxes ranging from 0.8% to 16%.  This workshop will discuss several considerations, including:

• Valuing estates – what counts and what doesn’t
• Use of Revocable and Irrevocable Trusts
• Gifting strategies
• Avoiding planning pitfalls