A Primer on the Massachusetts Estate Tax

massachusetts estate tax legal guideWhile very few people are subject to a federal estate tax, which only applies to estates exceeding $11.58 million (2020), many more are subject to the Massachusetts estate tax which applies to estates over $1 million. While the Massachusetts estate tax rate is not nearly as high as the federal rate, which starts at 40%, many clients still prefer to take steps to reduce or eliminate the estate tax their heirs will have to pay.

Learn more about the Massachusetts estate tax, and the strategies you can take to reduce or eliminate your estate tax burden here, in Margolis & Bloom's Primer on the Massachusetts Estate Tax.

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