The New Massachusetts Estate Tax Law - WEBINAR ACCESS
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Date:
November 29, 2023
Faculty:
Lisa Cukier, Esq., Chair, Fiduciary Litigation, Co-Chair, Private Client, Burns & Levinson
Patricia Shumaker, Esq., Burns & Levinson
Peter Herbst, Jr., Esq., Herbst Law Group
Elizabeth King, Esq., Managing Partner, Brown Brothers Harriman
Jocelyn Margolin Borowsky, Esq., Partner, Duane Morris
Description:
Learn the keys to the new Massachusetts Estate Tax Exemption and the Corporate Transparency Act (CTA). The faculty will review the basics of the new law, what you should understand before your next client meeting, what you should master before your next estate tax return and what you need to do to stay in compliance with CTA.
Topics to be covered:
An Act to Improve the Commonwealth’s Competitiveness, Affordability, and Equity
Estate Tax:
How the Act Changes Massachusetts Estate Tax – Key Provisions
Retroactive Application of the New Estate Tax Exemption and the Roadmap to Refunds
New Approach to Calculating Estate Tax Eliminates “Cliff Effect”
Non-Resident Estate Taxes
Communicating Changes to Clients
Corporate Transparency Act (CTA) & Common Law Trusts:
What is the purpose of CTA?
How does it work?
Which companies are subject to CTA?
How does this affect Trustees and Estate Planners?
When is it effective?
How is information reported to FinCEN (Financial Crimes Enforcement Network)?
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