Massachusetts may be soon increasing its estate tax exemption. Meanwhile, unless Congress acts before the end of 2025, the federal estate tax exemption is set to decrease.
Old Colony Law will continue to post updates here as they become available.
What does this era of UNCERTAINTY IN THE estate tax law mean for estate planning NOW?
– Old Colony Law incorporates an estate tax analysis into our consultation process with new clients, and includes estate tax minimization techniques into our estate planning.
– Our estate tax planning can be crafted in a way to adapt to this fluid legal environment.
– Please feel welcome to schedule a 10-minute introductory phone call with us.
Latest Estate Tax News
- Estate tax update: Reaction to Governor’s testimony before the Joint Revenue CommitteeOn Tuesday, Governor Healey’s testified before the Joint Revenue Committee regarding her tax relief package (which includes proposed changes to the estate tax law). AsContinue reading “Estate tax update: Reaction to Governor’s testimony before the Joint Revenue Committee”
- Tax relief critics, supporters will air thoughts TuesdayDaily Hampshire Gazette sets the stage for an upcoming public hearing on the Governor’s proposed tax reforms (including changes to the Massachusetts estate tax law):Continue reading “Tax relief critics, supporters will air thoughts Tuesday”
- Massachusetts House drags its feet on legislation 2 months into sessionMassterList on the current status of the Healey Administration’s tax reform and relief proposal, which includes an overhaul of the Massachusetts estate tax: No hearingContinue reading “Massachusetts House drags its feet on legislation 2 months into session“
- Chambers of commerce fear not being heard, band togetherFrom CommonWealth Magazine: TEN OF THE state’s regional chambers of commerce are concerned they are not being heard on Beacon Hill, so they are bandingContinue reading “Chambers of commerce fear not being heard, band together”
- Healey’s tax plan will disproportionately benefit wealthier households, new report saysBoston Business Journal on Massachusetts Budget and Policy Center’s reaction to the Healey Administration proposed changes to the Massachusetts estate tax: MassBudget assessed three ofContinue reading “Healey’s tax plan will disproportionately benefit wealthier households, new report says”
- These tax breaks from Gov. Healey are regressive, benefit the wealthy, think tank saysMassLive reports on more reaction to the Healey Administration’s proposed tax relief package: Two of Gov. Maura Healey’s proposed tax breaks would disproportionately benefit theContinue reading “These tax breaks from Gov. Healey are regressive, benefit the wealthy, think tank says”
- Progressive Coalition Mulling Tax Questions For BallotWBZ NewsRadio 1030 on some of the reaction to the Healey Administration’s tax relief package as it relates to the proposal to increase the MassachusettsContinue reading “Progressive Coalition Mulling Tax Questions For Ballot”
- Healey’s proposed estate tax threshold could have grave consequences in R.I.Providence Business News on how changes to the estate tax in Massachusetts could prompt it’s neighbor, Rhode Island, to make a similar move: Rhode IslandContinue reading “Healey’s proposed estate tax threshold could have grave consequences in R.I.”
- Healey urges lawmakers to approve budget, tax cutsThe Daily News of Newburyport covers Governor Healey’s tax relief pitch to lawmakers: During a livestreamed Statehouse hearing, Healey personally made a case to approveContinue reading “Healey urges lawmakers to approve budget, tax cuts”
- Healey’s plans to cut business tax faces pushbackThe Eagle-Tribune covers the debate over the Healey Administration’s estate tax proposal. The proposal is part of a broader tax package that would, if approvedContinue reading “Healey’s plans to cut business tax faces pushback”