Massachusetts Estate Tax Update
McLane Middleton's Woburn Office 300 TradeCenter, Suite 7600, Woburn, MAOn October 4, 2023, Governor Healy signed into law Bill H. 4104: An Act to Improve the Commonwealth’s Competitiveness, Affordability, and Equity, which, among other tax reforms, increased the Massachusetts estate tax exemption from $1 million to $2 million and eliminated the notorious “cliff” effect—or disappearing exemption feature—of the prior law. This new legislation, which retroactively