By: Boyd & Boyd
Understanding the Basics of the Massachusetts Estate Tax
- Estate Planning
Last updated: May 2nd, 2023 Many people still believe they shouldn’t worry about estate taxes because the federal tax exemption (threshold) is to ...
By: Boyd & Boyd
Can Non-Residents Avoid the Massachusetts Estate Tax?
- Estate Planning
If you reside in a state other than Massachusetts but own real estate or tangible personal property in the Commonwealth, your property here will proba ...
By: Boyd & Boyd
SECURE Act 2.0
- Estate Planning
President Biden signed into law a $1.7 trillion budget on December 30, 2022. Buried within the law is legislation that revises retirement plan law. Th ...
By: Boyd & Boyd
Massachusetts Millionaire’s Income Tax
- Estate Planning
In November of 2022, the state's constitution was amended to add a new millionaire's tax. Article 44 of the Massachusetts Constitution was amended by ...
By: Boyd & Boyd
Gov. Maura Healey’s Tax Proposal
- Estate Planning
On February 27, 2023, Governor Maura Healey unveiled a tax proposal that includes almost $850 million in annual tax relief. This package is part of th ...
By: Boyd & Boyd
How to Protect Your Kids’ Inheritance (From Divorce, Bankruptcy, Creditors, and Others)
- Estate Planning
A Personal Asset Trust℠ Offers Flexible Options to Protect Your Children’s Inheritance When people engage in estate planning, they often want to ...
