By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com Many clients ask, “what happens if I receive an inheritance? Will I be taxed?” The typical answer from me is, “It depends.” No state inheritance tax in Massachusetts An inheritance tax is a tax on the beneficiary who is receiving the inheritance. If you are …
Asset Protection
Massachusetts ADU Law: A New Path for Multigenerational Living
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com Massachusetts recently passed legislation expanding the use of Accessory Dwelling Units (ADUs), giving homeowners more flexibility and families new options for multigenerational living. This law requires municipalities to allow ADUs by right in all single-family zoning districts—eliminating the need for special permits in many cases. …
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The Importance of Updating Your Beneficiaries
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com Have you checked recently who you have designated to inherit your assets? If not, you may find that your designated beneficiary is not who or what you think it should be. It is recommended that every few years you revisit these types of assets to …