Many clients are shocked to find out that the life insurance policies they own at death are includable in their estate when determining whether a Federal or Massachusetts estate tax return must be filed. In Massachusetts, an estate tax return is required to be filed when an individual passes away owning over $1,000,000 in assets. If that individual owns one or two life insurance policies on their life, and a piece of real estate, it does not take much else to meet the Massach