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On Behalf of Cushing & Dolan, P.C. | Mar 1, 2025 | Estate Taxes
People often do not realize that they may be at risk of estate tax if they live in Massachusetts. The federal threshold for estate taxes is relatively high. People must own $13.99 million or more in 2025 to be at risk of taxation after their passing. However,...
On Behalf of Cushing & Dolan, P.C. | Oct 10, 2024 | Estate Planning, Estate Taxes, Tax Planning
Estate planning is a vital way to financially prepare for the future, and the structuring of an estate plan can minimize the tax burden on an estate and its heirs. However, it is crucial to recognize that estate planning may not allow you to avoid these taxes...
On Behalf of Cushing & Dolan, P.C. | Mar 4, 2024 | Estate Taxes
An estate tax places a limit on one's ability to transfer property after their death. Proponents say this is necessary to raise revenue for the government and to keep a lid on the generational concentration of wealth in a small number of powerful families. Critics...
On Behalf of Cushing & Dolan, P.C. | Feb 1, 2019 | Estate Taxes
You've worked all your life to build what you have. You spent years in school, internships and working your way up the corporate ladder to get where you are today. Don't let all of it come crashing down after you are gone by facing high taxes on your estate. Today, we...
On Behalf of Cushing & Dolan, P.C. | Nov 1, 2018 | Estate Taxes
For many estate planners, the question of taxes can feel complex and overwhelming. It is important that you do not bury your head in the sand when it comes to tax filings. By taking some small steps to address the most lingering questions, it is likely that you will...
On Behalf of Cushing & Dolan, P.C. | Sep 13, 2018 | Estate Taxes
If you are starting to plan your estate, it is likely that you will want to look into the taxes that may or not be applied to your estate at the end of your life. Many people make it their primary goal when planning their estate to minimize the gift and estate taxes...
On Behalf of Cushing & Dolan, P.C. | Jul 6, 2018 | Estate Taxes
When a loved one passes away, it is likely that you will need to go through the probate process, which includes paying any taxes owed in regard to the estate. The current Massachusetts estate law is applicable to estates owned by decadents who passed away in 2006 or...
On Behalf of Cushing & Dolan, P.C. | May 25, 2018 | Estate Taxes
If you have not started to plan your estate, you are putting yourself in a hole. This very well could be a hole that you never crawl out of, depending on your age or health. It is recommended that you start to plan your estate the minute you are hired for your first...
On Behalf of Cushing & Dolan, P.C. | Apr 5, 2018 | Estate Taxes
No one wants to lose their hard-earned cash to foolish investment strategies. Therefore, it pays to invest a little time into knowing how to adequately manage your wealth in the future, both for your life and the lives of your beneficiaries. There are many ways to...
On Behalf of Cushing & Dolan, P.C. | Feb 27, 2018 | Estate Taxes
It can be confusing to try to navigate the estate valuation process. Whether you are someone who is currently planning their estate and you want to understand the entire process, or if you are a person that has recently lost a loved one, it is important to conduct...