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Are Snow Days Pay Days in Massachusetts?


Whenever the forecast calls for a significant winter storm many of us secretly hope for the return of a favorite childhood tradition: the snow day. Given the prevalence of snow storms in the Boston area many employees indeed have the opportunity to enjoy a snow day or two every year. However, many employers are left

Chapter 40B Housing Comprehensive Permit Projects In Foreclosure


Any wise banker, investor or developer formulates an exit strategy before undertaking a new venture. However, when that venture is a comprehensive permit project and the tangled web of Chapter 40B regulations, guidelines, policies and regulatory agreements lack guidance on a particular conundrum, even the savviest participants must venture into uncharted territory. Thus is the

IRS Provides Further Guidance for 2010 Deaths


Nearly twelve months has passed since the end of 2010 and the IRS is still providing guidance for how to treat estates for individuals who died in 2010. In 2010 estates have the option of electing to be subject to the estate tax, or electing out of the estate tax. Why would someone voluntaryily subject

The New Massachusetts Homestead Act


On March 16, 2011 a new Massachusetts Homestead Act (Homestead Act) went into effect, the revised Homestead Act affords even greater protection for property owners. A “Declaration of Estate of Homestead” is a legal document filed at the registry of deeds in the county in which a residential house exists that informs the public that

New Homestead Law Creates Estate Planning Opportunities


Earlier this year revisions to the Homestead Law were enacted dramatically revising the homestead protection available for primary residences. By declaring a homestead in one’s primary residence, you can receive up to $500,000 of creditor protection against certain creditors. It’s akin to an umbrella liability insurance policy but also protects against contract claims in addition

Be “Reasonable” This Winter


As each summer afternoon ends more quickly than the last, our thoughts, as New Englanders, are of Patriots Football, Post Season Red Sox Baseball and the inevitable arrival of winter. This winter, when you head to your local grocery store to pick up some snacks for the game you may notice that the parking lot

Tax Issues Surrounding Long Term Care


Long term care in nursing homes is expensive. More and more often adult children end up paying the expense of nursing home care. If the parent is not eligible for MassHealth or Medicaid paid nursing home costs then they will be paying privately out of pocket for their care. Average nursing home costs are now

Foreclosure of Your Primary Residence


Did you know that you are entitled to a specific notice before a mortgagee (i.e. the bank) can foreclose on your residential property? If the property consists of a dwelling house with accommodations for four (4) or less separate households and occupied in whole or in part by the mortgagor, the mortgagor is entitled to