Many people fear the word probate, and it is not without reason. Probate can be a tedious, expensive and lengthy process, where you are at the whim of the court’s timeline. But what is probate? Probate is when you must...more
A handwritten or scribbled will signed by the testator is technically known as a holographic will, and many people try to prepare their own wills in an attempt to be frugal. However, are holographic wills valid in...more
In August, the Biden administration announced a plan for the cancellation of federal student loan debt for many borrowers. Although 26 million borrowers have applied for student loan forgiveness, the federal relief program...more
In August, the Biden administration announced the long-anticipated plan for the cancellation of student loan debt for many student loan borrowers. This has been a controversial political topic for many, but a sigh of relief...more
Beginning on July 15, 2021, you may start receiving Child Tax Credit advance payments from the IRS. These payments are advancements against half of your 2021 Child Tax Credit, so if you do receive these payments, they will...more
On April 12, 2021, FEMA began providing financial assistance for COVID-19 related funeral expenses incurred after January 20, 2020.
In order to be eligible for funeral assistance, the following three conditions must be...more
Many people think they don’t need “estate planning” because they don’t have enough assets to generate an estate tax; however, there are four basic estate planning documents everyone should have regardless of net worth.
1....more
Massachusetts is already an unattractive state of residency from an estate tax planning perspective because of its low estate tax filing threshold of $1,000,000 per person. Once a person’s adjusted taxable estate is over $1M...more
10/5/2020
/ Estate Planning ,
Estate Tax ,
Income Taxes ,
Intangible Property ,
Non-Residents ,
QTIP Trusts ,
Retirement Plan ,
Surviving Spouse ,
Tax Liability ,
Tax Planning ,
Tax Rates ,
Tax Returns ,
Transfer of Assets