A Deep Dive into the Massachusetts $2 Million Estate Tax, Secure Act & Asset Protection

The Massachusetts $2 million Estate Tax, the new Secure Act and how they can be used in conjunction with estate tax and asset protection planning with Medicaid trusts.   Come to this cutting edge seminar and learn the following:

1. Computation of the new Massachusetts estate tax with the new 99,600 credit;
2. Did the filing threshold change and does the cliff rule still apply;
3. How gifts prior to death affect the filing threshold if at all and the benefit of a lifetime giving program;
4. Eliminating estate taxes on non Massachusetts property and the application of the “Dassori” case and the conflict with the new law;
5. Eliminating estate taxes on Massachusetts real estate by using an LLC for non Massachusetts residents;
6. The new statute focuses on the federal gross estate so learn how to eliminate estate tax on the death of the surviving spouse by using a Massachusetts QTIP only trust on the first spouse to die verses providing all assets free and clear to the surviving spouse in excess of the $2 million exemption;
7. Understand how to draft remainder shares and QTIP shares to reduce or eliminate Massachusetts estate tax and protect assets from nursing homes in irrevocable trusts;
8. Understand how the secure act can allow and individual to name his estate the beneficiary of his IRA coupled with a Testamentary Trusts can shelter IRA assets from estate taxes, allow the surviving spouse to have access to both principle and income, immediately shelter those assets from the cost of nursing homes for the surviving spouse and not cause any adverse income taxes regarding RMDs.

Turn on your laptops ‘cause lots to learn here.

Registration Form: 2024 Fall CPE Registration Form