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 Taxes
Gifting of money as an estate planning tool
On Behalf of Cushing & Dolan, P.C. | Apr 7, 2015 | Estate Taxes
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...
Non-resident aliens with real estate need effective estate plan
On Behalf of Cushing & Dolan, P.C. | Mar 25, 2015 | Estate Taxes
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...
Pohlad family feuds with IRS over estate tax
On Behalf of Cushing & Dolan, P.C. | Oct 8, 2014 | Estate Taxes
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...
Tax changes create estate planning challenges
On Behalf of Cushing & Dolan, P.C. | Mar 25, 2014 | Estate Taxes
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...
Estate taxes at the state level: regional differences
On Behalf of Cushing & Dolan, P.C. | Jan 27, 2014 | Estate Taxes
The federal tax code exerts an outsized influence on public perceptions of virtually every area of tax law. Perhaps that is understandable, given the wide applicability of that law. After all, its provisions apply across the nation and therefore affect more than 300...
Parental giving paradoxes: avoid giving kids too much, too soon
On Behalf of Cushing & Dolan, P.C. | Nov 4, 2013 | Estate Taxes
Many parents give deeply of time and treasure to cherished children. To a great extent, such gifts are a natural expression love. But it is possible, at any age, to give too freely. With younger children, giving too freely may make them selfish and less able to...
Estate planning decisions must respond to tax law changes
On Behalf of Cushing & Dolan, P.C. | Sep 9, 2013 | Estate Taxes
Taw laws are constantly changing. It's a classic example of the old adage that "the only constant is change." In the field of estate planning, the estate tax has been an excellent example of this in recent years. Those changes have greatly affected the estate planning...
Same-sex marriage and tax planning: IRS rules on joint filing
On Behalf of Cushing & Dolan, P.C. | Sep 3, 2013 | Estate Taxes
Massachusetts is one of the states that ed the way on the recognition of same-sex marriage. Several more states have followed in the last couple of years. And now, for purposes of federal tax returns, the rest of the country has followed as well. The Treasury...
Liability for estate tax: how is it affected by passage of time?
On Behalf of Cushing & Dolan, P.C. | Aug 12, 2013 | Estate Taxes
It sounds like a bad estate planning dream. Is it really possible that the IRS would try to collect estate tax from a beneficiary more than a decade after the death of a parent who was trying to pass his estate along to his children? The answer, unfortunately, is yes....
Recent Posts
Categories
- Business Law (43)
- Elder Law (10)
- Estate Administration & Probate (69)
- Estate Planning (72)
- Estate Taxes (41)
- Family Law (9)
- Powers Of Attorney (48)
- Prenuptial Agreements (38)
- Retirement Planning (2)
- Same-Sex Marriage (1)
- Trusts (88)
- Wills (105)
Archives
E-mail Cushing & Dolan
articles
BY OUR ATTORNEYS