By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com I often hear the question, “How much can I gift someone without triggering taxes?” While Massachusetts doesn’t impose a gift tax, the federal government does, albeit with a considerably high exemption. In the current year of 2023, gifts up to $17,000 per recipient are not …
Gifting, Medicaid Nursing Home Benefits, and What to Consider Before GivingRead More
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com Gifting, Medicaid Nursing Home Benefits, and What to Consider Before Giving I often hear the question, “How much can I gift someone without triggering taxes?” While Massachusetts doesn’t impose a gift tax, the federal government does, albeit with a considerably high exemption. In the current …
Gifting, Medicaid Nursing Home Benefits, and What to Consider Before GivingRead More
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com You may know that with a Revocable Trust, you should take steps to transfer your assets into your trust during your lifetime, to ensure it accomplishes your goals (such as probate avoidance, estate tax reduction, and providing for your beneficiaries). This particularly is important when …
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com The holiday season is a busy time for many of us. But we are hoping that it’s a good kind of busy – the type of busy that allows you to spend more time with your family and less time at work. We know that …
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com Each year, inflation impacts the amounts exempt from federal estate and gift taxes. Exemption amounts for 2023 are out now. Read more here.
Forbes Article: IRS Announces Estate And Gift Tax Exemption Amounts For 2023Read More
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com Have you checked your beneficiary designations for your retirement accounts or life insurance policies recently? If not, you may find that your designated beneficiary is not who or what you think it should be, especially if you have had a major life event, such as …
You might wonder when the appropriate time to open a bank account for your kids is. You may also wonder what type of account you should open for your child. Read this article to find out.
Yahoo Article: When Should You Open a Bank Account for Your Kids?Read More
It’s so important to include one of your biggest assets, your home, in your estate plan so that you can ensure it is left to the people you want it to be left to. Read here to learn what a living trust is and why it is an essential tool for planning and distributing your …
Yahoo Article: Why You Should Put Your House in a Living TrustRead More
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