A Practical Guide to Estate Planning in Massachusetts
Planning strategies—backed by a knowledge of the law
- Product Number: 1970299B00
- Publication Date: 8/28/2024
- Edition: 6th Edition 2024
- Copyright: © 2024 MCLE, Inc.
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Product Description
Product Description
A Practical Guide to Estate Planning in Massachusetts, is the definitive manual for estate planning and the leading publication in MCLE's estate planning and administration practice library. Addressing the most frequently encountered planning issues and providing practical answers, this comprehensive guide takes the practitioner from the initial steps in handling an estate planning matter through post-mortem estate planning opportunities and strategies. Authoritative and practical chapters, example scenarios, sample clauses and documents, and new topics make this book a truly indispensable "practical guide."
Recent updates:
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Update: August 2024
Dear Subscriber:
Thank you for choosing to stay current in estate planning with this new edition of A Practical Guide to Estate Planning in Massachusetts . Inside, you will find new and updated material on such topics as the following:
- Estate, generation-skipping, and gift tax. Chapter 1 offers updated hypotheticals demonstrating both tax-efficient and tax-inefficient estate planning with regard to use of the marital deduction.
- Marital deduction in context of out-of-state plan. Chapter 4 addresses the situation where there is real estate or tangible personal property physically located outside Massachusetts that was included in the initial calculation of the tax and provides suggestions regarding applying a credit.
- Gift tax. Chapter 5 offers information on three types of transfer taxes on the gratuitous transfer of assets: the gift tax, the estate tax, and the generation-skipping transfer (GST) tax.
- Rollovers. In Chapter 9, find a "caution" on designated distributions that are eligible for rollover distribution (as defined in I.R.C. § 402(f)(2)(A)) from a qualified plan or a Section 403(b) annuity.
- Gifting strategies for business owners. In Chapter 10, find a practice note on determining fair market value, citing a 2023 decision from the Appeals Court. The note offers a practical solution with regard to shareholders purchasing life insurance as a strategy to increase the value of the company.
We at MCLE trust that you will find this information useful in your practice and valuable in keeping your law library current.
Cordially,
MCLE Press
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Update: August 2024
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Table of Contents
Table of Contents
expand allChapter 01 expandPractical Steps in Handling an Estate Planning Matter
Buy ChapterChapter 02 expandEstate, Gift, and Generation-Skipping Transfer Taxes
Buy ChapterChapter 03 expandFundamental Testamentary Planning
Buy ChapterChapter 04 expandMarital Deduction Planning and Drafting Techniques
Buy ChapterExhibit 4A
- 26 U.S.C. § 2011 Credit for State Death Taxes Buy FormChapter 05 expandLifetime Asset Transfers
Buy ChapterChapter 06 expandCharitable Giving Outright and in Trust
Buy ChapterExhibit 6A
- IRS Revenue Procedures Issuing Sample CRT Forms Buy FormChapter 07 expandLife Insurance and Estate Planning
Buy ChapterChapter 08 expandAdvance Medical Directives: Living Wills, Durable Powers of Attorney, and Health-Care Proxies
Buy ChapterChapter 09 expandEstate Planning for Retirement Benefits
Buy ChapterChapter 10 expandBasic Strategies to Preserve and Protect the Family Business
Buy ChapterChapter 11 expandMedicaid and Creditor Protection Trusts
Buy ChapterChapter 12 expandMarital Agreements
Buy ChapterChapter 13 expandEstate Planning for Unmarried Couples
Buy ChapterChapter 14 expandPlanning for Incapacity
Buy ChapterExhibit 14A
- Language Defining Incapacity Buy FormExhibit 14B
- Special Clauses for Durable Power of Attorney Buy FormExhibit 14C
- Escrow Agreement Buy FormExhibit 14D
- Durable General Power of Attorney Buy FormExhibit 14E
- Affidavit Regarding Power of Attorney (REBA Form 1) Buy FormExhibit 14F
- Sample Health-Care Proxy Buy FormExhibit 14G
- HIPAA Release Form Buy FormExhibit 14H
- Additional Resources Buy FormExhibit 9D
- Distribution Period Buy FormChapter 15 expandEstate Planning for Same-Sex Couples: Selected Issues
Buy ChapterChapter 16 expandSame-Sex Marriage, Divorce, and Estate Planning Issues
Buy ChapterChecklist 16.1
- Adoption Checklist: Coparent Adoption (Where One or Both Parties Are Already Legal Parents to Child) Buy FormChecklist 16.2
- Known Donor Checklist for Married Same-Sex Couples Buy FormChecklist 16.3
- Adoption Checklist—Private Domestic or International Adoption Buy FormChecklist 16.4
- Alternate Routes to Parentage Buy FormChecklist 16.5
- Guardian ad Litem Initial Questions (When Ascertaining Whether to Propose or Agree to GAL) Buy FormExhibit 16A
- Joint Representation Consent Buy FormExhibit 16B
- Motion to Waive Six-Month Residency Requirement Buy FormExhibit 16C
- Motion to Waive Notice [to Be Filed Where Child Conceived Prior to Marriage or Nonmarital] Buy FormExhibit 16D
- Affidavit [to Be Filed Where Child Conceived During Marriage] Buy FormExhibit 16E
- Motion to Waive Home Study Buy FormExhibit 16F
- Affidavit of Parents Buy FormExhibit 16G
- Form R-891S: Certificate of Adoption Buy FormExhibit 16H
- Complaint to Establish Parentage and Support Memorandum Buy FormExhibit 16I
- Client Intake Checklist for Dissolutions/Divorce and Potential Issues Buy FormExhibit 16J
- Complaint in Equity for Dissolution of Civil Union Buy FormExhibit 16K
- Health-Care Proxy Buy FormExhibit 16L
- Authorization for Release of Protected Health Information Buy FormExhibit 16M
- Massachusetts Health-Care Proxy Information, Instructions, and Form Buy FormExhibit 16N
- DNR Order Verification Buy FormExhibit 16O
- Statement Concerning Durable Power of Attorney Buy FormExhibit 16P
- Durable Power of Attorney Buy FormExhibit 16Q
- Will Buy FormExhibit 16R
- Declaration as to Remains Buy FormExhibit 16S
- Voluntary Acknowledgment of Parentage Buy FormChapter 17 expandPostmortem Estate Planning
Buy Chapter - Editors & Authors