Join Harry S. Margolis and Sarah Hartline as they discuss what the new increase in estate tax in Massachusetts means for you and your estate planning. If your estate is under $2 million and unlikely to exceed that level, you don’t need to worry about the Massachusetts estate tax. If your estate is over the new threshold and you are married, basic estate tax planning using credit shelter or QTIP trusts can reduce or eliminate the taxes due on your estate.
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