by Michael Baker | Apr 15, 2020 | Probate
No one particularly enjoys being a personal representative, also known as an executor. Even if you weren’t close to the deceased, it still can be a significant amount of paperwork and hassle. However, having a personal representative is a necessary part of property...
by Michael Baker | Mar 3, 2020 | Asset Protection, Estate Gifting, Estate Planning, Trusts
As you may know, estates in Massachusetts may be subject to an estate tax. The tax rate varies, starting at 0.8% and topping out at 16% for estates worth more than $1 million—even if the value is just a dollar or so over $1 million. In contrast, the federal government...
by Michael Baker | Nov 6, 2019 | Estate Planning, Financial Management
When a loved one passes away, it’s difficult enough without having to sort out emotionally fraught estate issues. Plus, there are laws that govern the transfer of property which can make everything more complicated while you just need to grieve. It’s best to plan...
