On July 4, 2025, the 2025 Tax Act (formerly known as the One Big Beautiful Bill) was signed into law and will become effective as of January 1, 2026. The 2025 Tax Act has a significant impact on all taxpayers regardless of income or assets. Estate, Gift and Generation...
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Posts for 'John W. Donahue'
New Law in MA Increases Estate Tax Threshold
On Wednesday October 4, 2023, Massachusetts Governor Maura Healey signed into Law the Act to Improve the Commonwealth’s Competitiveness, Affordability and Equity. Included in this law was doubling the Massachusetts estate tax filing threshold from $1,000,000 to...
What’s So Great about GRATs?
An Effective Wealth Transfer Tool If you want to efficiently transfer wealth using little to none of your federal estate and gift tax exemption and you have an investment that you anticipate generating at least a modest rate of return on investment[1], then you should...
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