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...
Estate Taxes
Leave the government out of your estate by gifting now
On Behalf of Cushing & Dolan, P.C. | Dec 9, 2016 | Estate Taxes
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...
Mark your calendars, National Estate Planning Awareness Week is coming
On Behalf of Cushing & Dolan, P.C. | Oct 14, 2016 | Estate Taxes
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....
Understanding Massachusetts’s estate tax filing requirements – II
On Behalf of Cushing & Dolan, P.C. | Jul 20, 2016 | Estate Taxes
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...
Understanding Massachusetts’s estate tax filing requirements
On Behalf of Cushing & Dolan, P.C. | Jul 13, 2016 | Estate Taxes
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...
Committed to helping clients preserve assets for future generations
On Behalf of Cushing & Dolan, P.C. | Jun 9, 2016 | Estate Taxes
For the vast majority of people, the principal motivation for putting in long hours, fighting for promotions and keeping an eye out for new employment opportunities is providing for their family. Indeed, many of these hard-working individuals are savvy enough to...
Don’t let a job loss derail your long-term care and estate planning goals
On Behalf of Cushing & Dolan, P.C. | Mar 2, 2016 | Estate Taxes
In this blog, we often discuss the importance of establishing a comprehensive estate plan to provide for one's own future financial needs as well as those of heirs. Unfortunately, at times, unexpected life events can result in an individual facing uncertain...
Estate planning for every age and stage in life
On Behalf of Cushing & Dolan, P.C. | Feb 16, 2016 | Estate Taxes
Depending on your stage in life, estate planning can mean very different things. For example, a couple welcoming their first child into the world is likely to be mainly concerned about naming a guardian for the child while an individual nearing retirement may worry...
Important goal in estate planning: reduce estate tax liability
On Behalf of Cushing & Dolan, P.C. | Jan 15, 2016 | Estate Taxes
Putting together a comprehensive estate plan involves a variety of considerations and potential goals. These can include leaving behind property for surviving family members, ensuring sound succession of leadership for a family business, giving to charity, and...
Estate planning 101 for single adults
On Behalf of Cushing & Dolan, P.C. | Jun 24, 2015 | Estate Taxes
Last year, the Bureau of Labor Statistics announced a landmark shift in the societal makeup of the U.S. when it announced that single adults in the U.S. now outnumber those that are married. To put things into perspective of just how big of change this is, in 1950...
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