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 ... Read More
Law Blog
Massachusetts Elder Law Services from Simmons & Schiavo
As elder law attorneys, the professionals at Simmons & Schiavo provide a wide range of Massachusetts elder law services. These services aim to provide information and guidance on a variety of financial, healthcare and estate issues. Here are just a few ways that we can assist you and/or your ... Read More
2018 Tax Reform Impact on Seniors in Massachusetts
The new tax law that applies to the 2018 calendar year has many different provisions. The effect can vary depending on your personal circumstances. If you are elderly and/or retired, you may be wondering about the 2018 tax reform impact on seniors in Massachusetts. Elderly Tax Deductions For ... Read More
Financial Planning Changes Based on 2018 Tax Law
2018 brings several tax law changes. Have you updated your financial plan and strategies accordingly? Proper planning allows you to maximize the value of your estate. Here are a few 2018 tax law updates and how they may prompt financial planning changes. Standard Deductions Increased The standard ... Read More
Student Loan Debt and Estate Planning in Massachusetts
Estate planning involves understanding and accounting for different types of debt. You may be surprised to learn that not all debt is treated the same way. When it comes to student loan debt, the source of the loan can be important. Federal student loans are treated differently than private student ... Read More
5 Massachusetts Estate Planning Mistakes to Avoid
Estate planning can help maximize the value of your estate, reduce tax liability, and ensure that your desired beneficiaries will receive the assets that you’ve worked so hard to accumulate during your lifetime. It’s something that everyone should have in place, not just the rich. No matter what ... Read More
Changing a Special Needs Trustee
Special needs trusts are vital for the support of people with disabilities. They are not perfect, however, as it can be difficult for a beneficiary to change the trustee. Special needs trusts offer substantial benefits for those people who have them. They allow a beneficiary to have access to ... Read More
Revising Your Estate Plan After a Divorce in Massachusetts
Divorce can be a stressful process, especially if it’s a contentious one. You may have a lot on your mind as you finalize the divorce and take steps to move on with your life. It can be easy to overlook other important changes that should result from your divorce,... your estate plan being one of ... Read More
There Is Not Time to Do It Later
One of the most frustrating things about estate planning, is that people assume that there is always time to do it later. That leads to putting off important estate planning, until it is too late. Most people do not think something bad is going to happen to them any time in the near ... Read More
Proposed Regulations Curtailing Valuation Discounts Withdrawn
The Treasury Department and the IRS have announced that proposed regulations that would have drastically limited valuation discounts for transfers of family businesses are being withdrawn. The regulations would have curbed valuation discounts commonly used when family business owners ... Read More
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