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Tag: Leases

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Death and Leases

Personal Representatives and Ongoing Contractual Obligations of the Decedent

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Fegreus & Broderick, LLP

21 Custom House Street, Suite 480
Boston, Massachusetts 02110
t: (617) 737-9100 | f: (617) 737-9123
info@fegreuslaw.com

Major life events often bring legal changes that a Major life events often bring legal changes that are easy to overlook.

Marriage can affect how assets are owned, who is authorized to act on your behalf, and how existing plans operate in practice. Reviewing estate planning documents after a significant change helps ensure they continue to reflect current circumstances and provide clear guidance if they are ever needed.
Recent changes to federal estate tax law have sign Recent changes to federal estate tax law have significantly increased the exemption amount. Congress approved an exemption of up to $15 million per individual, or $30 million per married couple, reducing federal estate tax exposure for many families.

At the state level, the rules are very different. Massachusetts has not increased its estate tax exemption, which remains at $2 million per person. This creates a potential gap between federal and state planning considerations.

Understanding how federal and state estate tax laws interact is essential to effective planning. Working with Fegreus & Broderick, LLP can help ensure your estate plan reflects current laws and is structured to minimize unexpected tax exposure.
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