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Estate Planning
John E. Zuccaro III, Esq.

Five Reasons to Put Your House in a Trust

In our post Overview of Basic Trusts and Their Functions, we mentioned that trusts are an important part of estate planning regardless of wealth or social/economic class. As time goes on, revocable living trusts are becoming an important, nearly essential, part of even a basic estate plan. One reason trusts

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Estate Planning
John E. Zuccaro III, Esq.

What is a Life Estate and How Do They Work?

What is a Life Estate? A life estate is a form of joint property ownership in which an individual, called the life tenant, retains an ability to use and occupy the property for the remainder of their life. Upon the death of the life tenant, ownership of the property automatically

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Estate Planning
John E. Zuccaro III, Esq.

Will vs. Trust – What is the Difference?

One of the most searched and asked questions is what the difference is between a will and a trust. Let’s take a look: What is a Will? Wills are documents that detail your final wishes for your personal and/or real property. In our opinion, a will is the backbone of any estate

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Estate Planning
John E. Zuccaro III, Esq.

Federal Estate Tax Changes are Coming! How to Prepare Now

The 2017 Tax Cuts and Jobs Act (“TCJA”), colloquially known as the “Trump tax cuts,” dramatically increased the federal estate tax and gift tax threshold/exemption amounts. Going into effect in 2018, we saw federal estate/gift tax exemption amounts more than double from 2017 levels: Year Exemption Amount (single) Exemption Amount

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Estate Planning
John E. Zuccaro III, Esq.

New Massachusetts Estate Tax Law: What is it, and How to Plan Now

Introduction: Through this (admittedly lengthy) article, we attempt to provide a relatively comprehensive overview about the changes to the Massachusetts estate tax law by looking at: This article doesn’t hit on every single provision of the Massachusetts estate tax law, but provides a comprehensive overview of the law and how

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