A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for a defined period.
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2026 Estate Tax Exemption to be Cut
The estate and gift tax exemption is set to be cut in half in 2026. Proper planning may be necessary to make sure you are taking full advantage of the current exemption.
Estate Tax and Gifting Considerations in Massachusetts
In 2017, the Tax Cuts and Jobs Act doubled the exemption limit for the federal estate or gift tax...
Avoiding Massachusetts Estate Tax if You’re Close to the Threshold
As you may know, estates in Massachusetts may be subject to an estate tax. The tax rate varies,...
‘Tis the Season – Gift your Assets and Reduce Tax Liability
Use your Estate to gift money, property or personal loans When your estate tax liability is too...