When a Massachusetts resident dies, the Massachusetts estate tax may come into play on that person’s estate. It’s basically a transfer tax on the entire
The Internal Revenue Service (IRS) has increased the exemption amounts for the federal gift tax and estate tax to the highest amounts they have ever
Our lawyer, Matthew Karr, Esq., was recently interviewed by New York Magazine’s The Cut about MassHealth’s Child Caretaker Exemption. Due to his extensive experience with
One part of creating an estate plan is to determine who will receive your assets when you pass away. A beneficiary is a person, charity,
As soon as a person is diagnosed with dementia, they should do their estate planning if they haven’t done it already. It’s important to make
Ok, this probably seems like an odd question to most people. Who wouldn’t want to accept an inheritance? Wouldn’t adding value to the assets you
If you’re thinking about giving a significant gift to your adult child or even a complete stranger, there’s some information you should know first. According
Gifting can affect your MassHealth eligibility (also known as Medicaid) for long-term care. Many Massachusetts residents aged 65 and over find they need MassHealth coverage
Recently, there’s been news about how a new IRS ruling (Revenue Ruling 2023-2) in March 2023 affects the step-up in basis for certain irrevocable trusts.
Having a baby is such an exciting time. There’s so much to think about. Baby-proofing the house, choosing your baby’s health care provider, getting health
400 Trade Center Dr., Suite 7810
Woburn, MA 01801
Monday – Friday: 9am-5pm
Saturday/Sunday: CLOSED
©2024 The Heritage Law Center LLC | Privacy Policy | Site Map | Disclaimer
