
- Medicaid Qualification
- Trusts
- Estate Tax Planning
- Health Care Proxies
- Durable Power of Attorney
- Probate Work
- Wills
Member of:

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This chart shows the
amounts that will transfer with no estate taxes when you die:
Estate Tax Exclusion Amounts
| Year
|
Federal
|
Massachusetts
|
| 2003 |
$1,000,000 |
$700,000 |
| 2004 |
$1,500,000 |
$850,000 |
| 2005 |
$1,500,000 |
$950,000 |
| 2006 |
$2,000,000 |
$1,000,000 |
| 2007 |
$2,000,000 |
$1,000,000 |
| 2008 |
$2,000,000 |
$1,000,000 |
| 2009 |
$3,500,000 |
$1,000,000 |
| 2010 |
No Tax |
$1,000,000 |
| 2011 |
$1,000,000 |
$1,000,000 |
- An effective Estate Plan should anticipate that the Federal Estate
Tax Exclusion will revert back to $1M in 2011
- Estate taxes applied to the amounts over the Exclusion amounts
can average over 50%
- Estate Taxes can be avoided or deferred through proper estate
tax planning
William F. Smith
Attorney at Law
45 Sterling Street- Suite 21
West Boylston, MA 01583
508-835-2100
williamfsmith@comcast.net
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