
Estate Tax Threshold Stays at $1 Million
Massachusetts fails to pass legislation increasing its estate tax threshold from $1 million to $2 million
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Massachusetts fails to pass legislation increasing its estate tax threshold from $1 million to $2 million

The Massachusetts legislature is poised to increase the estate tax threshold from $1 million to $2 million.
In his New York Times Magazine “Ethicist” column, the philosopher Kwame Anthony Appiah responded to a query from an individual who had inherited a large trust fund and family business when his father died. This person felt uncomfortable with such wealth and largely lived his life as if he were not rich. But a combination of the recent stock market rise pumping up his portfolio and his recognition of the suffering of many people during the pandemic have brought him to the conclusion he should give away a large portion of his wealth.

company purportedly named “Property Site” suggesting that they obtain “their Property Assessment Profile which includes a complimentary copy of your current Grant Deed or other record of title” for $98. (Both the bold and the mixing third and second persons in the original.)

The wealthy can lock in the current $12 million federal gift and estate tax threshold by making big gifts prior to the threshold being cut in half in 2026.

A federal bankruptcy case, finds that the debtor’s property qualified as his home for homestead protection purposes.

In response to an editorial in The Boston Globe, Harry S. Margolis argues for keeping the Massachusetts estate tax threshold at $1 million.

Almost no estates pay federal estate tax, but married couples in Massachusetts can avoid or minimize their Massachusetts estate tax through credit shelter planning.
Most people know they want to avoid probate, but they do not know exactly what probate is. This webinar will clarify what “probate” means.

Biden tax proposals – increase personal & corporate income tax rates, lower federal estate tax exemption. Margolis & Bloom, Wellesley and Boston, MA, 02481