Estate Taxes

The Internal Revenue Service (IRS) occasionally runs audits on tax payers to make sure that they are processing all of their revenue and taxes properly. This can be a stressful process to go through, and can be avoided by completing a thorough and computer-processed...

One common complaint about estate taxes is that they simply target money that was already taxed at least once, as income. For instance, perhaps you are an only child and you have one surviving parent: your father. He earns money, pays taxes to the government when he...

While many people point to trusts as a way to shelter your assets from both taxes and creditors, the real truth is that overall estate planning and comprehensive financial strategy are the best way to reduce your tax burden. Estate planning goes hand-in-hand with...

Do you know your rights and responsibilities when it comes to planning for property taxes after death? Estate tax planning is not a minor issue. The fact is that too many Massachusetts residents' families suffer financial losses because benefactors do not properly...

Those in the estate-planning industry remain in the dark about President Trump's intentions regarding tax reform. It's likely that his policies will benefit the wealthiest citizens, as he repeatedly stated while campaigning for president that he planned to get rid of...

The 2017 Congressional session could bring big changes to the federal estate tax laws on the books. Under present laws, estates with values of $5.45 million or less carry no estate taxes. Those of more value, however, get taxed at 40 percent, according to the 2013...

Wouldn't it be nice to be able to bypass the government and leave all of your estate to your heirs? Depending upon the size of your holdings, estate taxes can take a big bite out of the total. However, with foresight and careful planning, there are perfectly legal...

While most people associate October with everything from Breast Cancer Awareness Month and Healthy Lung Month to Columbus Day and, of course, Halloween, it's important not to overlook other important and valuable events taking place during the course of these 31 days....

Last week, our blog began discussing how the process surrounding Massachusetts's estate tax, which is levied on a deceased person's assets and collected prior to distribution of these assets, is rather time-sensitive. Specifically, we explored how the personal...

While the rather cynical quote attributed to Founding Father Benjamin Franklin regarding the certainty of death and taxes is incredibly popular -- it can be found emblazoned on everything from coffee cups to t-shirts -- it's also incredibly accurate nearly 200 years...