Legislative Update: MA Increases Estate Tax Exemption Impact on Estate Planning
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...
Protecting your home: put it in the kids’ names, or use a trust?
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?
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...
Legislative Updates: SECURE 2.0 Act
Legislative Updates: SECURE 2.0 Act By Linda T. 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...
Estate Preservation law Offices: Specialized Estate Planning Services with a Personal Touch
As specialists in the estate planning field, we understand that the legal documents attorneys draft – wills, trusts, durable powers of attorney – are merely tools of the trade that guide professionals as they properly apply them to a person’s unique situation. With...
SHOP TALK | WORCESTER BUSINESS JOURNAL Q&A
Since the Coronavirus pandemic began spreading in the United States, estate planning attorney Linda Cammuso has seen a noticeable increase in clients seeking out her services for themselves and their businesses. How was the firm doing prior to the pandemic? Our firm...
Durable Powers of Attorney and Health Care Proxies Are More Important than Ever Thanks to COVID-19
by Mariah Heppe We all know that life has been known to throw a few curve-balls, but I think it is safe to say that the majority of us did not see COVID-19 coming. In this time of uncertainty, planning for right now and the future has never been more important. For...
Brendan J. King Featured in the Professional Advisor Network Journal on SECURE ACT
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is a bipartisan retirement bill that went into effect on January 1, 2020. The law contains many favorable provisions for retirement account owners, including removing the age limit for IRA...
A Military Power of Attorney is Essential for Military Service Members
By Mariah L. Heppe Traditionally, when one thinks about Durable Powers of Attorney, incapacitation is at the forefront of the discussion. However, for our military service members, whether Active Duty, National Guard, Reserve, Retired or our Veterans, a Military...
Addressing a Loved One’s Addiction in Your Estate Plan
By Linda T. Cammuso Legally obtained opioids contributed to a health epidemic that has killed 2,000 people in Massachusetts each of the last three years. Numbers peaked with 2,100 confirmed opioid-related overdose deaths in 2016, with a 3% drop over the two years...
Vacation To-Do List: # 1 Do estate plan
By Brendan J. King Summer vacations bring a flurry of estate planning activity. As families board airplanes or parents embark on that long-awaited anniversary cruise without the kids, the faint pangs of “I need to get around to signing a will someday” suddenly erupt...