The Department is currently issuing a Massachusetts Certificate of Release of Estate Lien, which will be provided on the information on Form M-706, page 5, Part 7, Properties Subject to the Massachusetts Estate Tax Lien. Once all of the estate tax owing is paid, the department issues the Massachusetts Estate Tax Closing Letter and a certificate releasing the Massachusetts estate lien for each property. All printable tax forms for Massachusetts are in PDF format. To read them, you need the free Adobe Acrobat Reader. Note: It is important that the table to Part 7 of Form M-706 be completed for each property in which the deceased was involved. Failure to provide all necessary information delays the issuance of the certificate releasing the Massachusetts estate lien. If you have any suggestions or comments on how to improve these forms, contact the Forms Manager at dorforms@dor.state.ma.us. Form M-792: Certificate of Release of Massachusetts Estate Lien, no longer needs to be filed with Form M-706. An affidavit stating the deceased`s gross estate does not require an estate tax return in Massachusetts: DOR does not issue or review these affidavits. Affidavits are prepared by the personal representative of the estate, by any person who is in actual or implied possession of the deceased`s real property, or by a person acting on the deceased`s behalf. Affidavits are filed in the register of deeds of the county in which the property is located.
For estates of persons who died in 2006 or later, the applicable exclusion amount is $1,000,000. Future changes to the federal estate tax code will have no impact on estate tax in Massachusetts. Inheritance tax is a real estate transfer tax on the value of the deceased`s taxable estate before its distribution to a beneficiary.