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 Owning and running a small business is a labor of love that involves countless hours of hard work and dedication. Amidst the day-to-day operations and strategic planning, it’s essential for small business owners to consider the future—especially when it comes to estate planning. In this …
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com In a significant development for Massachusetts homeowners, the Affordable Homes Act recently passed on August 6, 2024 has enhanced protections for primary residences. The Homestead Exemption is a crucial legal provision that shields the equity in a person’s home from creditors in the event of …
The New Massachusetts Homestead Exemption Law Change: What Homeowners Need to KnowRead More
Photo by Christina @ wocintechchat.com on Unsplash By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com Many of my clients choose to create a trust as part of their Estate Plan. After all, trusts save time, cost, paperwork, and have the potential to reduce taxes. They also ensure that the Trustor’s assets are handled according to their …
By: Brandon C. Walecka, Esq. Walecka Law, P.C. 774-203-9003 Brandon@WaleckaLaw.com I often meet with clients who want their adult children to be able to access their accounts to help with writing checks or paying bills on their behalf. However, this good intention can create a serious risk of liability if carried out incorrectly. Often, a parent …
Is it a good idea to have my son or daughter on my bank account?Read More
