Resources

Tips on Estate Planning

• Plan your estate to keep it under $1 million if Massachusetts resident – use of
   Trusts to save estate taxes and avoid probate.
• Utilize annual $13,000 per donee exemption – consider U.S. Savings Bonds.
• Savings Bonds and their progeny now give you some of the best interest rates
   available – some Savings Bonds are indexed for inflation.
• IRAs – most people have their spouse as primary beneficiary, but may neglect to
   name children as secondary beneficiaries.
• WILL names guardian(s) if there are minor children
• Durable Power of Attorney – agent to make financial decisions
• Durable Power of Attorney for Health Care – medical proxy for end of life decisions