Massachusetts may soon increase its estate tax threshold. Meanwhile, unless Congress acts before the end of 2025, the federal estate tax exemption is set to decrease.
What does this era ESTATE TAX LAW UNCERTAINTY mean for estate planning NOW?
– Old Colony Law incorporates estate tax minimization techniques into the wills and trusts we craft.
– Estate tax planning can provide flexibility to adapt to this fluid legal environment and future changes to the estate tax law.
– Please feel welcome to contact us to see if we can help you minimize the tax that will be imposed on your estate.
Estate Tax Updates
News – Information – Analysis
- Estate Tax News – Lawmakers reach a deal on tax reliefMassachusetts lawmakers announced that they struck a deal on a comprehensive tax relief package, the details of which are to be announced in legislation to … Read more
- Estate Tax News – Our View: Clock ticking for tax relief in MassachusettsThe Sun Chronicle weighs in with some commentary on the long overdue tax relief package. We could not have said it better ourselves! The clock … Read more
- Estate Tax News – How Senators voted on tax reliefThe Lowell Sun provides a fairly comprehensive breakdown of the various tax relief votes in the Massachusetts Senate. Here’s their commentary on the estate tax/death … Read more
- Estate Tax News – Post Labor Day Tax Relief UpdateAs summer comes to a close, the President of the Massachusetts Senate appeared on a local news program with comments about pending tax relief legislation, … Read more
- Estate Tax News – The Legislature should stop dithering on tax relief“Taxpayers have waited long enough” for tax reform, says the Boston Globe: A package that includes the best of the House’s efforts to address the … Read more
- Estate Tax Update – Updated with Massachusetts Senate ProposalHere is an updated chart comparing the various estate tax relief proposals currently under consideration. The Senate approved its proposal just last week. This post … Read more
- Estate Tax News – Business leaders urge Senate to expand tax-relief planFrom The Eagle Tribune: BOSTON — The state’s business leaders are calling for more robust tax cuts in a relief package set to be taken … Read more
- Estate Tax News – More Reaction to the Massachusetts Senate’s proposal to cut the estate taxAdding to an earlier post, here is more reaction from Massachusetts media outlets following the Senate’s announcement of it’s estate tax relief proposal. From The … Read more
- Estate Tax News – Reaction to the Massachusetts Senate’s proposal to cut the estate taxHere is some miscellaneous reaction from Massachusetts media outlets following the Senate’s announcement of it’s estate tax relief proposal. Boston Globe: Like the House, the … Read more
- Estate Tax News – Massachusetts Senate unveils its proposal for tax relief; includes increasing estate tax exemption to $2 millionToday, the Massachusetts Senate unveiled it’s tax relief proposal. It includes raising the Massachusetts estate tax exemption from $1 million to $2 million. The full … Read more