Massachusetts planning for estates over $2 million.
Six Coordination Gaps
Gaps that may come up in Massachusetts estate plans. They can involve legal documents, taxes, and investments, so they often call for several professionals.
A trust that was never funded may not work as it was drafted.
A surviving spouse may not be able to use the first spouse's unused Massachusetts amount.
Required minimum distributions may raise taxable income in some years.
Whether the Massachusetts estate tax applies depends on the size of the estate.
A 4% surtax applies to taxable income above $1,107,750 for tax year 2026.
Your attorney, CPA, and advisor each have a separate role.
How Coordination May Help
Every service runs through one CFP® who also manages the portfolio. Your attorney and CPA stay yours; Michael helps coordinate the three plans.
Where your estate documents, investment accounts, and tax information stand today, and where they may not line up.
Your accounts, titling, and beneficiaries, with questions for your attorney and CPA, who advise on legal and tax decisions.
Introductions to independent Massachusetts estate attorneys and CPAs if you ask. You choose and engage them, and the advisor helps track follow-up.
Family circumstances and tax rules change, so a plan may need periodic review with your professionals.
Tax-Efficient Wealth Management
Investment decisions can interact with taxes and estate planning, so they are reviewed alongside the work of your CPA and attorney. Investing involves risk, including the potential loss of principal.
Considering which account types hold which investments. The effect depends on your accounts, your tax situation, and the law, and it may not lower taxes in every year.
Reviewing with your CPA whether a conversion may fit a given year, considering tax brackets, IRMAA tiers, and the surtax threshold. A conversion adds taxable income in the year it occurs and may not suit every household.
Considering when gains may be recognized and how cost basis may affect taxes, in coordination with your CPA. Results depend on market conditions and tax law.
Organizing questions about charitable giving or gifts of appreciated assets for your attorney and CPA to evaluate. These choices may involve cost, irrevocability, and tax rules that change.
Individual situations vary. This information is educational, does not constitute tax, legal, or investment advice, and is not a recommendation of any strategy. Tax rules change. Consult your CPA and attorney regarding your specific circumstances.
These educational pages explain how investment decisions, retirement income, and estate planning questions may connect. They are starting points for conversations with your CPA and attorney.
Explore tax-efficient wealth management →
About Michael
Michael Cammarata is a CERTIFIED FINANCIAL PLANNER® practitioner and an owner and Managing Partner of MSA Financial, LLC. For more than two decades, he has helped families, business owners, and executives make informed decisions about their wealth, particularly when investment management, retirement, taxes, and estate planning intersect.
For many clients, the relationship begins with a specific concern: Massachusetts estate-tax exposure, an outdated or unfunded trust, a business transition, a concentrated investment position, or questions about retirement income. Michael's goal is to look beyond the immediate question and determine how each decision affects the client's complete financial picture.
Preserve Your Estate reflects an important part of Michael's practice, but not its full scope. His work includes comprehensive financial planning coordinated with your attorney and CPA, investment management, retirement-income planning, Roth conversion and RMD planning, capital gains planning, charitable planning, trust-funding and beneficiary reviews, business-owner succession planning, and executive compensation planning.
Households with several professionals may find that no single person is responsible for connecting their recommendations or tracking open items between their financial advisor, estate attorney, and CPA.
Michael is not an estate attorney or CPA. He serves as the central point of coordination, working alongside each client's existing professionals, or helping identify qualified independent professionals when needed, to organize information about the estate documents, tax planning, investment portfolio, and retirement plan. He does not draft legal documents, provide legal or tax advice, or prepare tax returns.
As both a financial advisor and an owner of his own business, Michael understands that financial decisions can affect more than an account balance, including a family's lifestyle, employees, business partners, and the legacy an owner may want to leave.
Michael's practice is a boutique advisory relationship within MSA Financial, the independent advisory firm he owns and leads alongside his partners. Established in 1997, MSA Financial is an SEC-registered investment adviser managing approximately $1.5 billion in client assets as of August 12, 2026. SEC registration does not imply a certain level of skill or training.
Michael's objective is to help clients see the entire financial picture and organize the questions they may want to take to their other professionals over time.
Learn
Educational guides in plain language.
How credit shelter and QTIP trusts may be discussed when considering both spouses' Massachusetts exemptions, with an illustration for an $8M estate.
Estate ExecutionA trust that is not funded may not work as drafted. An educational overview of the asset-by-asset follow-through to review with your attorney and CPA.
Retirement IncomeHow withdrawal decisions, Social Security timing, and account distributions may connect with your tax and estate-planning conversations.
Massachusetts Estate PlanningReview the estate-tax threshold, trust funding, beneficiary coordination, and the planning questions that may need attorney and CPA input.
Comparing advisors? Read what a fiduciary financial advisor is and how it differs from other advisors. Unfamiliar with the trust labels? Read the main types of trusts Massachusetts families review. Thinking about gifts? Read how the federal lifetime gift tax exemption differs from the Massachusetts estate tax. These guides are educational only.
Serving Massachusetts
Offices in Braintree (South Shore headquarters), Sandwich (Cape Cod & the Islands), and Framingham (MetroWest), serving families across Massachusetts.
Is This the Right Fit?
A boutique practice by design: a small number of complex Massachusetts estates, handled in depth.
Planning questions can become more complex above the Massachusetts estate tax threshold, which is where this practice focuses.
The practice focuses on Massachusetts estate tax considerations under M.G.L. c. 65C and local planning questions. Michael is not an attorney or CPA.
Estate and tax decisions can become harder to change as retirement approaches, so many households review them in the decade beforehand.
If you're looking for someone to manage investments in isolation, this is probably not the right practice. And that's fine.
A limited number of clients, by design: depth over volume.
Michael is a fiduciary and fee-based. A CFP® whose role is coordinating among your estate plan, tax return, and portfolio information. He does not draft legal documents or prepare tax returns.
Your Planning Readiness
Check each item that's confirmed and in place. Your score updates as you go.
As you check each item, you will see which items are confirmed and which may be worth reviewing with your professionals. This checklist is educational and is not advice.
The Coordination Conversation
A focused 45-minute conversation at no cost and with no obligation. Here is what it may cover.
A general, illustrative look at how the Massachusetts estate tax may apply, using the Department of Revenue's published method. Your CPA calculates any actual tax.
Whether deeds, accounts, and beneficiary designations appear to match your documents, with questions to take to your attorney.
Questions to bring to your CPA about Roth conversions, IRMAA surcharges, and the Massachusetts surtax.
Items to take to your attorney and CPA. The list is educational and is not legal, tax, or investment advice.
Michael Cammarata, CFP®, is an Investment Adviser Representative of MSA Financial, LLC (CRD #107768), a Registered Investment Adviser. This is a complimentary educational conversation, not investment advice or a solicitation to buy or sell any security.
Common Questions
Yes. For Massachusetts residents dying on or after January 1, 2023, the Department of Revenue requires a return when the gross estate plus adjusted taxable gifts exceeds $2,000,000, and allows a credit of up to $99,600. A household below the federal exclusion may still have a Massachusetts estate tax question. Source: Massachusetts Department of Revenue, Estate Tax Guide (updated April 23, 2026), M.G.L. c. 65C. Verified October 28, 2026. Rules may change.
Approximately $82,400 under 2026 law, before any planning (illustrative). The tax is computed on a graduated scale and reduced by the $99,600 credit. Actual tax depends on deductions, elections, and the law at the date of death, and your CPA calculates it. Model an illustrative estimate here.
Massachusetts describes no portability election, so a surviving spouse generally cannot use a deceased spouse's unused $2,000,000 Massachusetts amount (Department of Revenue, Estate Tax Guide). Some couples discuss credit shelter (A/B) trusts with their estate attorney. These trusts may involve cost, irrevocability, added administration, and rules that change, and they may not work as drafted unless they are funded. Whether any structure fits is a question for your attorney and CPA.
It may. The Department of Revenue's Estate Tax Guide lists insurance among the types of intangible property that can be part of a decedent's estate, and treats life insurance not payable to the estate as nonprobate property. Whether a particular policy counts, and whether any trust is appropriate, is a question for your attorney and CPA.
No. Michael Cammarata is a CERTIFIED FINANCIAL PLANNER® and Managing Partner at MSA Financial, LLC. He is not an attorney or CPA. He does not draft legal documents, provide legal or tax advice, or prepare tax returns. His role is coordination: organizing your portfolio, tax, and estate information and working alongside independent Massachusetts estate attorneys and CPAs.
A 4% surtax on Massachusetts taxable income above an inflation-adjusted threshold, which is $1,107,750 for tax year 2026 (Massachusetts Department of Revenue, page updated June 1, 2026). It applies in addition to regular income tax. A business sale, a large capital gain, or a Roth conversion may raise taxable income in a given year. Your CPA advises on the tax effects.
The practice focuses on Massachusetts households with $2 million or more in investable assets. If you are close to that level, a conversation can help determine whether the practice fits your circumstances.