Stability, Integrity, Trust
News from Estate Preservation Law Offices
LEGISLATIVE UPDATE: MA Increases Estate Tax Exemption
By Linda T. Cammuso & Brendan J. King
After twenty years of planning around an absurdly low $1 million state estate tax threshold, Massachusetts residents have gained some breathing room with the newly enacted $2 million estate tax exemption. On October 4, 2023, Governor Maura Healy signed into law the “Competitiveness, Affordability, and Equity” Act, which makes the long-awaited exemption increase official after several years of stalled legislative efforts.
Protecting your home: put it in the kids’ names, or use a trust?
By Linda T. Cammuso
For prior generations, keeping the house protected from a nursing home seemed as easy as deeding it to the kids and calling it a day. In today’s world, putting your house in your kids’ names might more accurately be described as “going from frying pan to fire”.
Time to Update Your Estate Plan
By Brendan J. King
When should I update my will/estate plan? It’s one of the most common questions from clients and their advisors. While there are no set rules, here are some factors to consider:
- Have there been any changes to your family since you last signed your will/estate documents?
- Have you gotten married, divorced or become widowed?
- Have any children been born or passed away?
Legislative Updates: Secure 2.0 Act
By Linda Cammuso
Under the SECURE ACT (Setting Every Community Up for Retirement Enhancement Act), which became law in 2020, long-held strategies for estate planning and financial planning were up-ended. Notably, the new law eliminated the ability for most beneficiaries who inherit retirement accounts to “stretch” the taxable distributions over their actuarial life expectancies, as was previously allowed. Then, on December 29, 2022, SECURE 2.0 Act was signed into law, providing a slate of changes that are critical to understand as you plan for your retirement or have already retired. Key changes include…
Our Attorneys
Brendan J. King
Attorney/Partner
Linda T. Cammuso
Attorney/Partner
Carol F. Barton
Attorney
Mariah L. Heppe
Attorney
Protecting Assets During Your Lifetime. Preserving Them For Future Generations.
Estate Preservation Law Offices
Estate Preservation Law Offices is a highly regarded boutique law firm that specializes in estate planning and asset protection planning. Led by partners Brendan J. King and Linda T. Cammuso, our strategic advantages include:
- A highly developed approach to estate planning that bridges the gap between traditional estate planning and asset protection planning to ensure the quality of life that you’ve worked so hard for is preserved during your lifetime and for future generations
- A legal team who practice a thoughtful and empathetic approach to planning that reflects your lifetime concerns and challenges, as well as traditional estate and end-of-life matters
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Our Practice Areas
Estate Planning
Our approach begins with a complimentary consultation in which we conduct a thorough assessment of your unique situation. Learn More »
Special Needs & Disability Planning
Individuals affected by disability or special needs are uniquely vulnerable. The importance of sound planning for the future cannot be overstated. Learn More »
Charitable & Exempt Organizations
We counsel charitable entities including corporations, charitable trusts and private foundations with respect to formation and ongoing administration/maintenance requirements. Learn More »
Asset Protection Planning
The importance of integrating asset protection and estate planning to fully protect and preserve your assets cannot be overstated. Learn More »
Estate & Trust Administration
We handle estates of all sizes, recognizing that every estate requires diligent and thorough attention, no matter its value or level of complexity. Learn More »
Equine & Pet Trust Planning
Our approach to creating a Pet Trust is straightforward and seamlessly integrated into the estate planning process. We meet with you to learn all about you and your beloved pet, or pets, and your wishes for their care. Learn More »
Elder Law & Medicaid
Estate Preservation Law Offices provides legal counsel and creative planning solutions for seniors and their families, helping them make the right financial, legal and healthcare decisions. Learn More »
Guardianships & Conservatorships
The recent passage of the Massachusetts Uniform and Probate Code brings an entirely new set of rules and requirements to the process. Learn More »
Tax Planning
Clients call on Estate Preservation Law Offices for our specialized knowledge of tax issues and developments. Learn More »
Business & Corporate Planning
Many factors enter into structuring a business. Selecting and maintaining the proper entity structure for your business is essential for tax and asset protection purposes. Learn More »
One of the many key factors in having a good estate plan in place is peace of mind: knowing that you’ve done the right thing for yourself and your family..
Why Us
Choosing the right law firm can be a challenge…Here’s why you should consider Estate Preservation Law Offices:
- Our professionals are specialists in the estate planning field and provide the expertise you want and the results you need
- We treat our clients with respect and integrity
- We adhere to the highest standards of professional excellence
- We employ a unique team approach to client service – as a client of our firm, you have access to the skills and assistance of every member of our staff
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EPLO
Worcester Office
71 Elm Street
Suite 100
Worcester, MA 01609
Uxbridge Office
9 N Main Street
Uxbridge, MA 01569
Leominster Office
156 Hamilton Street
Leominster, MA 01453
Braintree Office
100 Grandview Road
Suite 405
Braintree, MA 02184
Cape Cod & Islands
776 Main Street
Hyannis, MA 02601
Estate Preservation Law Offices of Worcester, MA provides multi-leveled and integrated estate planning and asset protection planning services. Estate planning, wills, trusts, probate, tax planning, corporate & business planning, asset protection, wealth preservation, elder law, medicaid planning, special needs planning.
» Estate Planning
» Asset Protection Planning
» Elder Law & Medicaid Planning
» Business & Corporate Planning
» Special Needs & Disability Planning
» Estate & Trust Administration
» Guardianships & Conservatorships
» Tax Planning Corporate & Individual
» Charitable & Exempt Organizations
» Equine & Pet Trust Planning