Federal Estate and Gift Taxes, Pennsylvania Inheritance Taxes and Measures to Reduce Them
August 9, 2016
Types : Alerts
Even with the federal estate tax exemption at an historically high $5,450,000 (in 2016) and the estate tax rate at an historically low 40%, federal estate tax is no fun to pay. Neither is Pennsylvania inheritance tax, which has no exemption.
Howard Vigderman, co-chair of the Business Department of Montgomery McCracken and chair of the firm’s Trusts and Estates practice, recently authored an outline that describes these taxes and the steps you can take to minimize or avoid them so that your assets pass to the beneficiaries you choose and not to the government.
To view the outline, please click here.