You know how everyone knows you're supposed to have a colonoscopy when you turn 50? When did that start? It wasn't a thing when I was a kid, but somewhere along the way it just became a rule that everyone knows
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You mean besides the estate tax starting at levels so low, and a real estate market so high that half the people in the Boston area will hit them based solely on the value of their primary residence?
Yes, that $1M estate tax is horrendously low. That's one paid-for house in the Boston area plus maybe a life insurance pay-out. I know it's literally a tax break for millionaires to lift the estate tax, but it was NEVER supposed to be such a nightmare to the mass affluent.
I love the estate tax for preventing dynastic wealth, but this is hitting basically every upper middle class person in Massachusetts.
no life insurance needed. In my gentrifying working class neighborhood that's a triple decker, maybe with a side yard. Depends where. People are house-rich-cash-poor.
I've had the preliminary discussion with the law office weeks ago but have been dragging my heels. I now have a hard deadline to get my trust, living will, etc in order - thanks!
Yeah, that's where I'm going next time. I *hated* the whole colonoscopy experience. Next time I'll be ten years older and not as much in danger of "dying young" from colon cancer.
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You mean besides the estate tax starting at levels so low, and a real estate market so high that half the people in the Boston area will hit them based solely on the value of their primary residence?
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I love the estate tax for preventing dynastic wealth, but this is hitting basically every upper middle class person in Massachusetts.
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