Question: I am the executor of my mother’s estate which calls for her assets to be divided between her five children. My mother’s property has been sold and all distributions will be [...]
Question: If I make a gift of $15,000 shares of property I own to each of my children, do I also have to put them on the property title as co owners of the property? It’s my understanding [...]
Question: My parents had a gift tax appraisal for a farm in 2013 it was done by the brother-in-law of one of the donees. I read that the appraiser should not be the donor or the donee of the [...]
Question: If I include in my revocable trust a general power of appointment giving my wife the power to decide the beneficiaries of all assets in the trust and she dies before me does such power [...]
Can a Massachusetts Resident Avoid Estate Taxes by Making Gifts to Get Below the $1 Million Threshold?
Question: If you are a Massachusetts resident and have $3 million, give away $2.5 million and die four years later, so that your taxable estate is $500,000, do you avoid the Massachusetts estate [...]
Question: I have been a Florida resident for four years. My primary residence is in Florida, and I am out of Massachusetts for more than seven months a year. I still own three houses in [...]
Question: I have family business interest in an LLC and an S-Corp which own commercial real estate and generate my income from rent. I would like to leave this interest to my 4 children (2 are [...]