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 a Guide to Estate TaxesMass Gov 2017

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I'm attorney Louis Haskell and today I would like to clarify some of the confusion over the difference between the probate estate and the taxable estate because those are completely different and unrelated concepts and also the difference between Massachusetts gift an estate taxation and federal gift in the state taxation most people do not have federal gift in the state taxations state taxation issues because the exemption the federal exemption is so large Massachusetts doesn't have that exemption and if tax is just something completely different actually it's non-existent but it affects the state tax in quickly different way and and as a result I think that there's a lot of confusion there because people think they don't have a problem when actually they do first of all as I said let me talk about probate estate versus taxable estate the probate estate is basically the property of a of a dead person of a decedent we call them but a dead person

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