Despite significant increases in the Federal Estate & Gift Tax Exemption, 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 discusses considerations such as valuing estates, use of revocable and irrevocable trusts, gifting strategies, and avoiding planning pitfalls.
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