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
