Massachusetts Estate Tax

While the federal estate tax is currently now a problem only for the very wealthy, many states, including Massachusetts, impose their own, separate estate taxes.  Unfortunately, these often kick in at much lower thresholds. What this means is that a taxpayer could have an estate well below the federal exemption, yet still have to pay […]

Tax Considerations When Selling a Home in Massachusetts

The increasing real estate prices in Massachusetts is prompting many homeowners to consider selling. One common misconception is that selling and buying at the same time can help you avoid taxes. Unfortunately, that only applies to investment properties when using something called a 1031 exchange. For single family homes used as a primary residence, it […]

Capital Gains Tax When Selling a Home in Massachusetts

The Massachusetts real estate market has fully bounced back from the downturn 10 years ago. Home prices have been steadily rising and people are actively buying and selling properties. Many have managed to build equity again. If you are looking to sell your home and have accumulated significant equity, capital gains tax may be a […]

Life Insurance Myths and Estate Planning Tips

One of the most important decisions you can make is to purchase a life insurance policy. In fact, life insurance can play an integral role in your estate plan. Yet, so many people lack a policy. These life insurance myths are often why. Here’s the truth behind these common misconceptions. 1 – I Don’t Need […]

5 Common Estate Planning Myths

Misconceptions are very common with complex topics like estate planning. Unfortunately, myths can be damaging and can prevent you from taking the proper steps to protect your family and your assets. Here are some common estate planning myths that you should not believe. 1 – A Will Is Enough to Protect My Assets A will […]

Financial Planning Tips for 2021

It’s a new year, which means it’s also time to re-evaluate your financial plan. 2020 was an unusual year filled with uncertainty and market fluctuation. After such a year, financial planning is more important than ever. To help you get started, here are a few financial planning tips for 2021. Re-evaluate Savings Options Interest rates […]