Recently Divorced? Why You Should Put Aside Your Differences For Tax Season

Divorce can wreak havoc on your finances. But what many divorced couples don’t realize is that they can expect to face recurring financial challenges during tax season for years after the divorce is finalized. While divorce is often adversarial, leaving both spouses with animosity in its wake, tax season is an opportune time to put aside those differences and cooperate to reach a mutually beneficial Read More

Ready to Write Your Will? Consider This Before You Go It Alone or Online.

A last will and testament is the most commonly thought of document when it comes to an estate plan. But, really, it’s a very small part of an integrated plan that ensures your family stays out of Court and out of conflict when something happens to you. Writing your own Will. Don’t think you can just write your own Will and that will help your family. Instead, consider the reality that trying to do so could actually Read More

What Business Owners Need To Know About The New Tax Law

After much twisting of arms and gnashing of teeth, Congress took action on the tax issue… On December 16, 2010, the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 was passed. As with any legislation there are hundreds of pages and thousands of words but, in a nutshell, this is how the legislation will affect you and your business: Tax Rates The current tax rates of 10, 25, 28, 33 Read More

The Straight Scoop on the New Tax Law and Your Estate Plan

Tax laws are confusing on a good day… What you can deduct… What you have to claim… And with all the recent changes to the laws, it’s almost impossible to know if you’re doing the right thing. We’re hoping this will help. Here’s the straight scoop on how the new federal tax law affects your estate plan (Important Note: these are changes to the federal tax laws – Massachusetts tax laws, including the Massachusetts Read More

“Happy Holidays From Your Acton Estate Planning Lawyer!” – How’s Your Estate Plan?

By David Feakes, Acton Estate Planning Lawyer and Personal Family Lawyer. The end of the year is always a good time to reassess where we are financially… Plan for the future… Correct past mistakes… And, most importantly, change course if needed. This year, a review of your estate plan is more vital than ever. The resurrection of the federal estate tax and generation-skipping transfer tax (GST) in 2011, the Read More

Are You Ready for the 2011 Tax Changes?

If ever there was a time to call your estate planning or tax attorney, now is that time. The tax cuts instituted by the Bush administration in 2001 and 2003 are set to expire in 2011 unless Congress does something to stop it before the end of this year.  There are many proposed bills up for discussion right now but it’s anyone’s guess which, if any, will be passed in time. If you are a single person earning Read More