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...

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...

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...

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...

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...

Since tomorrow is April 15, we wanted to write about a topic that everyone loves to hate: taxes. When it comes to estate planning, avoiding estate and gift taxes are two of the biggest goals for many of our clients. First, let's define what estate and gift taxes are:...

Estate planning and taxes are inseparable. With the idea of preserving assets within the estate, there are a number of considerations going into this including estate taxation, creation of powers of attorney, wills and trusts, and the possible setting up of...

The U.S. housing market is finally on the upswing, and one contributing factor could be the uptick in international buyers who are purchasing property in America. The National Association of Realtors recently reported that real estate sales to international clients...

When highly successful individuals pass away, their families can receive a second shock when the Internal Revenue Service demands an excessive amount of money in the estate tax return. This problem, as many wealthy families in Massachusetts and the rest of the country...

Massachusetts taxpayers know that the federal government raised tax rates for personal and investment incomes for wealthy individuals effective for 2013 tax returns. The tax changes were in part implemented to fund the President's health care plan. While this hike in...