Many entrepreneurs dream of watching their children take up the family business and continue their legacies. These generational transitions are never easy, however. They come with not only emotional but plenty of legal challenges as well. SederLaw has Estates & Trusts attorneys who work hard to make the handover as...
How to Prepare for Upcoming Estate Tax Law Changes
Tracy Craig, Chair of our Trusts and Estates Practice Group, recently contributed an informative article to Kiplinger, discussing crucial changes in estate tax laws. This article is a valuable resource for those seeking to understand the impact of these changes on retirement and estate planning.
Your informed planning is...
What Are the Estate Planning Advantages of LLCs in Massachusetts?
How an LLC may be part of your estate plan.
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Business owners are familiar with the benefits of forming limited liability companies (LLCs), such as pass-through taxation and shielding owners from personal liability. But LLCs can be used as part of an estate planning strategy as well....
Do I Wait to File for Divorce in the New Year?
Timing is everything, even when it comes to divorce. Deciding when to file will affect your finances, the well-being of your children, and your ability to move on to the next phase of your life. Regardless, it’s important to consult with an experienced Family Law & Probate attorney to protect...
What Happens When a Business Partner Decides to Leave the Partnership?
Buying an old business can bring exciting opportunities for the company or individual who is making the purchase. However, anyone who has been in business long enough can appreciate how complicated these deals can be. There is a great deal of negotiating and due diligence to conduct with respect to the target...
Tracy Craig Quoted in Article on Generational Wealth
Tracy Craig, Chair of our Trusts and Estates Practice Group, has been recently quoted in a Realtor.com article discussing the complexities of generational wealth and appropriate trusts.
A revocable trust is also known as a revocable living trust and can be changed or updated when needed.
Seder & Chandler LLP., Recognized for Legal Excellence in 14 Practice Areas
WORCESTER, MA, November 2, 2023 – Seder & Chandler is pleased to announce that the firm has been recognized for legal excellence across 14 specialty practice areas in the 2024 edition of “Best Law Firms," ranked by Best Lawyers®.
The firm was ranked a...
Doing Business As (DBA) for Massachusetts Businesses
Whether you are starting a new business or already doing business in Massachusetts, you’ve probably wondered about a way to brand your business so it stands out from the crowd. Sure, you can use your own name or that of your entity. But, you may have chosen that name to reflect ownership,...
Tracy Craig Featured in Business Insider on Inheritance Tax
Tracy Craig, Chair of our Trusts and Estates Practice Group, has been recently quoted in a Business Insider article discussing the complexities of inheritance tax. The article delves into the mechanics of inheritance tax, who is liable to pay it, and strategies for effective tax planning.
Summary of Significant Changes to Massachusetts Tax Law
In addition to changes in the estate tax this month, there were significant changes made to many Massachusetts tax laws. Here’s a summary of some of the more important changes:
Estate Taxes
The threshold for a taxable estate is increased from $1,000,000 to $2,000,000 effective for decedents...