A Close Look at the New Massachusetts $2 Million Estate Tax Exemption
Understand the new law, filing requirements, issues, and planning opportunities
- Product Number: 2240341P01
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CLE Credits, earn up to:
1.5 substantive credits, 0 ethics credits CLE Credit Note -
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Product Description
Product Description
On October 4, 2023, Massachusetts increased its $1,000,000 estate tax exemption to $2,000,000 per decedent. Interestingly, the new exemption amount applies to decedents who died on or after January 1, 2023, effectively making it retroactive. Estate tax returns are due, together with any payment, nine months after the date of death, which means the estate tax returns and payment would have been due October 1, 2023. Masschusetts did not, however, adopt portability. This makes planning for married couples even more important than ever. Separately, the new law requires that married couples must file joint income tax returns in Massachusetts if they filed as “married filing jointly” for their federal personal income tax returns. This is problematic for wealthy couples where the wealthier spouse has changed their domicile to an income tax-free state such as Florida or New Hampshire. Finally, did the new law really eliminate the so-called Cliff Effect in favor of a higher Massachusetts estate tax rate? This cutting-edge program examines the new law, filing requirements, issues, and planning opportunities.
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Agenda
Agenda & Materials
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12:00 - 12:05 pm
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3:25 - 3:30 pm
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12:05 - 12:15 pm
Employment Litigation & Counseling in a Remote Workplace: General overview / claims / considerations
on demand video Add to CartMark Macchi, Esq., Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP , Boston
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12:15 - 12:35 pm
Overview of Choice of Law / Forum Selection Precedent
on demand video Add to CartMichaela May, Esq., Bennett & Belfort, PC , Cambridge
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12:35 - 1:20 pm
Employment Litigation & Counseling in a Remote Workplace: Employee Life Cycle
on demand video Add to Cart- Hiring
- Working Conditions
- Termination
Arielle B. Kristan, Esq., , Boston
Mark Macchi, Esq., Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP , Boston
Michaela May, Esq., Bennett & Belfort, PC , Cambridge
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12:35 - 1:20 pm
Employment Litigation & Counseling in a Remote Workplace: Employee Life Cycle
on demand video Add to Cart- Hiring
- Working Conditions
- Termination
Arielle B. Kristan, Esq., , Boston
Mark Macchi, Esq., Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP , Boston
Michaela May, Esq., Bennett & Belfort, PC , Cambridge
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1:20 - 1:40 pm
Remote Workplace: Litigation
on demand video Add to Cart- Forum/Venue Selection
- Challenges to forum/venue selection
- Arbitration - when to pursue, how to challenge
- Choice of law/application of law
Arielle B. Kristan, Esq., , Boston
Mark Macchi, Esq., Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP , Boston
Michaela May, Esq., Bennett & Belfort, PC , Cambridge
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1:40 - 2:00 pm
Employment Litigation & Counseling in a Remote Workplace: Practice Points / Traps for the Unwary
on demand video Add to Cart- Caution with form agreements
- Awareness of different state implications
- Know where your employees are!
- Policies about employee location
- Effect of no Chevron deference
Panel
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- Faculty