Estate planning when you own real estate located in two states can be tricky. Owning properties in New Hampshire and Massachusetts is no exception. For one thing, the estate and gift tax laws in New ...
As part of the Supplemental Budget that was passed on September 16, 2024, changes were made to the calculation of the Massachusetts estate tax for the estates of decedents who, at the time of death, ...
Estate tax, also known as the "death" tax, is applied to assets inherited by others when you pass on. according to the IRS, it's a tax "on your right to transfer property at your death." In 2024, the ...
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Estate tax vs. inheritance tax: What’s the difference?
The estate pays estate tax before assets are distributed, while inheritance tax is paid by the beneficiaries who receive the ...
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