Planning around the new Massachusetts ‘Millionaires Tax’

Webinar Description

The new Massachusetts “Millionaires Tax” – a 4% surtax on taxable income in excess of $1 million in any year – will almost double the tax rate on taxpayers to whom it applies.  The new tax, however, has left the doors open to many strategies that may lessen its impact.  This presentation will discuss what kinds of strategies may work for what kinds of taxpayers, with a discussion of some of the stumbling blocks and planning considerations that any of these strategies may entail.

Presenters

Kenneth Brier, Partner
Brier, Maradette & Rossetti LLP

Kenneth P. Brier is a partner of Brier, Marandett & Rossetti LLP in Needham, MA, a boutique firm focusing on estate planning, probate, taxation, small business planning and executive benefit matters.  An alumnus of several big Boston law firms, he offers sophisticated services in a small-firm setting.  He helps clients pass their wealth along to the people or charities they most want to receive it, minimizing exposure to the taxman and creditors.  Often a lawyer for the lawyers, he takes pride in handling challenging situations, tax or non-tax, dealing with blended families, closely-held businesses, real estate interests, retirement plan interests, and people with multistate or multinational connections.  Ken is frequently called upon to serve as a legal consultant and as a neutral Personal Representative for families involved in litigation.  As a licensed certified public accountant, Ken is ready and able to deal with the details of taxes and finances.

Ken is a member of the American, Boston and Massachusetts Bar Associations, the Massachusetts Society of Certified Public Accountants, the Society of Trust and Estate Practitioners (STEP), the American Inns of Court, and the Boston Estate Planning Council, and is a fellow of the American College of Trust and Estate Counsel (ACTEC), a national elective organization of distinguished trust and estate attorneys.  He is the former co-chair of the Boston Bar Association trusts and estates section and of its estate planning committee.  Ken is a frequent lecturer and has been quoted in numerous publications.  He has authored articles for many publications including ACTEC Notes, The Tax Lawyer, Trusts & Estates, Family Business, Financial Planning, Massachusetts CPA Review, and Tax Law Review.  Ken graduated, with honors, from Princeton University in 1975 with a degree in economics, and earned his J.D. from Columbia University School of Law in 1979.

Laura K. Barooshian, CPA, MST, AEP^®, CAP^{®  _{Partner
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Laura is a Partner in the Private Client Group. She has over 20 years of experience providing income, estate and gift tax planning, consulting services, and tax compliance. Her clients include high net worth individuals, trusts, private foundations, expatriates and closely held businesses.  Laura’s areas of expertise include tax planning and compliance for high net worth individuals, and international taxation for individuals. She collaborates with her clients’ other advisors, working as a team to ensure that the clients’ goals are met.

Laura has experience advising clients on such issues as stock options and compensation planning, philanthropic planning alternatives, and estate and family gift planning. Sheadvises individuals with international elements to their tax situation. Laura consults with clients about how to manage their global, income, and estate tax liabilities, which include expatriate taxation, foreign property, and international investments. She also has experience with international estate planning, and collaborates with estate attorneys in this area. Laura is a Chartered Advisor in Philanthropy and an Accredited Estate Planner®. She is a graduate of Bentley University with a Bachelor of Science in Accountancy and a Master of Science in Taxation from Northeastern University.

Schedule

12:00 pm - 12:10 pm - Welcome & Opening Remarks
12:10 pm – 1:00pm - Presentation and Q&A (Virtual)

How To Register

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1. Register via the event website.

2. Follow the link provided in the email confirmation to register on the GoToWebinar platform.

Your registration is incomplete until you register via GoToWebinar. Once you register via GoToWebinar, you will receive a final confirmation email with the details on connecting to the live presentation on December 19, 2022 from 12:00 pm - 1:00 pm. Please reach out to bepc@bepc.org with any questions.  
 

Registration Fees

Members - Free (must be signed in!) 
Non-Members - $10

BEPC's educational events may meet the requirements of Rule 15D under the Massachusetts Establishment and Administration of Mandatory Professional Education for the Practice of Public Accountancy.

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