Out-of-State Property and the Massachusetts Estate Tax PROTECT YOUR ASSETS NOW
you can unknowingly push your estate’s value over the limit, leaving your heirs with a significant bill. Planning is essential. The good news? There are legal strategies to keep these properties out of your Massachusetts estate — or out of the tax crosshairs if you’re a non-resident. The key is proper planning . With the right approach, you can convert your real estate into “intangible” property for tax purposes, or structure your holdings to ensure they’re not counted toward the Massachusetts total. But these maneuvers must be done correctly, or you risk the opposite effect. Attend our seminar to learn more. If you’re unsure whether your cross-border property holdings could trigger a big tax bill, don’t wait until it’s too late. Join us at our upcoming seminar to discover how to protect your assets and minimize
If you’re a Massachusetts resident with a vacation home in another state — or a non-resident who owns real estate here — you may be on the hook for a hefty Massachusetts estate tax. It might sound surprising, but the way you own property across state lines can drastically impact how much your family pays when you’re gone. More families than ever are finding themselves liable for taxes they never anticipated. Out-of-state property matters. For Massachusetts residents, all of your assets are counted toward your state estate tax total, and if you have out-of-state property in an LLC, it often keeps your vacation home firmly within the state’s tax orbit. The result? You could exceed the $2 million threshold more easily than you think, especially when you add up all your real estate, investments, and life insurance proceeds. On the flip side, if you live outside Massachusetts but own property here — say, a rental in Boston or a summer cottage on the Cape — that property alone could expose you to a Massachusetts estate tax. Even if your home state has no estate tax, Massachusetts is happy to claim its share of any property located within its borders. This is urgent. With the threshold raised to $2 million, it’s tempting to feel safe. But remember, once you cross that line — even slightly — the tax rates can climb to 16% . If you own out-of-state property (or in-state property as a non-resident),
your estate tax exposure. Our team will walk you through the best strategies to safeguard your family’s future — so you can rest easy knowing your hard-earned wealth stays where it belongs. Spaces are limited, so secure your spot now and take
control of your legacy. Scan the QR code on the insert for our upcoming seminar dates.
Woman Arrested After K9 Sniffs Out Her ‘Innocent’ Tote Bag CRIMINAL MASTERMIND? NOT QUITE
There are bad decisions, and then there are “ Florida-level ” bad decisions. And right at the top of that list is walking around with a bag that literally announces your crime in bold letters. That’s exactly what 31-year-old
Teryn Acri did when she was caught with a tote bag that read, “ Definitely Not a Bag Full of Drugs ” — which, naturally, was full of drugs. You can’t make this stuff up. Acri’s latest brush with the law happened when the car she was riding in got pulled over by deputies in Brevard County. The driver, clearly possessing a stellar decision-making record, assured the officer that “nothing illegal should be inside.” Unfortunately for her, Aurora, the department’s drug-sniffing K9, had other ideas. When the deputy searched the vehicle, Acri’s ironically labeled tote bag was sitting there like a neon sign screaming, “ CHECK ME IMMEDIATELY. ” Inside? Allegedly, police found meth, needles, Narcan, digital scales, small baggies, cut straws — pretty
much everything except what you would usually find in someone’s bag.
What makes this situation even more ridiculous is that this isn’t even Acri’s first run-in with the law this year. She was arrested on Jan. 6 for — you guessed it — drug trafficking. But after making her $15,500 bond just two days later, she was out and about, making more exceptionally bad life choices. Now, she’s back behind bars, and something tells us she won’t be meeting bail this time. If irony were a crime, Acri would be serving a life sentence. Carrying drugs is bad enough, but labeling them like a cartoon villain? That’s next-level absurdity. The universe has a sense of humor, but so does law enforcement, and they love an easy arrest. If nothing else, let this be a PSA: If your bag screams, “ I’m guilty, ” expect to be treated accordingly.
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