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Massachusetts Estate Taxes: Proactive Planning Matters

Despite the Federal Estate & Gift Tax Exemption doubling, many families still potentially face onerous future estate taxes at the state level.  In Massachusetts, if you leave an estate worth more than $1 million, you may owe state estate taxes ranging from 0.8% to 16%.  This workshop will discuss several considerations, including:

  • Valuing estates – what counts and what doesn’t
  • Use of Revocable and Irrevocable Trusts
  • Gifting strategies
  • Avoiding planning pitfalls