Please join Attorney David M. Beliveau, Discussion Leader, on May 26, 2011 at the Massachusetts Association of Public Accountants (MAPA) seminar entitled Estate, Medicaid, and Tax Law Changes.
TITLE: Estate, Medicaid, and Tax Law Changes
DATE: May 26, 2011
LOCATION: The Lantana, Randolph, MA
SCHEDULE: 9:00 a.m. – 12:30 p.m.
DESCRIPTION: The estate planning, Medicaid, and tax law landscape continues to change. The Federal estate tax is back. The exemption amount currently is Five Million Dollars per person. In the case of a married couple, there is portability of exemption amounts. However, the new law is scheduled to sunset in two years. Subsequently, the exemption amount is scheduled to drop to One Million Dollars per person. The Massachusetts estate tax is still alive and well. So, married couples in Massachusetts with estates greater than One Million Dollars should still engage in estate tax planning to reduce or eliminate the Massachusetts estate tax. The noose continues to tighten with respect to Medicaid planning. It is increasingly becoming more difficult to protect assets from the nursing home. Recent Massachusetts court decisions have addressed problematic provisions in Medicaid irrevocable income only trusts. If you would like to learn more about such estate planning, Medicaid, and tax law changes, please attend our upcoming seminar. Thank you.