While married couples have different priorities than their single counterparts, one thing is certain: anyone – whether they have a family or not – needs to think about estate tax planning. In fact, planning one’s own estate taxes as a single person might be more important than it is for a married couple. Why? As […]
Since Massachusetts has such a low estate tax threshold, many of our clients consider making lifetime gifts to their children in order to lower their estate tax liability upon their death. However, the decision to do so should not be taken lightly. There are many serious financial and psychological repercussions to making lifetime gifts.