Managing Your Estate And Inheritance Tax Burden

In Pennsylvania, inheritance tax rates are determined by the relationship between a beneficiary and the deceased.

  • A spouse inherits from a spouse tax-free
  • A lineal descendant (children, grandchildren, etc.) must pay a 4.5 percent tax on their inheritance
  • A sibling must pay a 12 percent tax on their inheritance
  • Any other third party must pay a 15 percent tax on their inheritance

Assess Your Options For State And Federal Estate Taxes

When you retain my services, I will review your financial situation and determine what options are best for your estate. There may be methods to help you properly avoid and/or reduce federal estate taxes.

Each individual's financial situation will be different, which is why I am dedicated to closely examining your specific situation. I will research your deductions and exemptions to ensure that your family receives as much money as possible from your estate. There are several exemptions and deductions that your property might be eligible for, including the following:

  • Personal estate tax exemptions
  • Marital deductions
  • Charitable deductions

Get A Lawyer's Help With Your Estate Taxes

As your estate planning attorney, my goal is to ensure that your estate is left behind to those who need it. I have worked with numerous clients in the Pittsburgh metro area and elsewhere to successfully secure exemptions from their estate taxes, providing more finances for their loved ones. Contact my law office online, or call 412-637-2596 to discuss your financial situation.

IRS Circular 230 Disclosure: To comply with certain U.S. Treasury regulations, we inform you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this communication, including attachments, was not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding any penalties that may be imposed on such taxpayer by the Internal Revenue Service. In addition, if any such tax advice is used or referred to by other parties in promoting, marketing or recommending any partnership or other entity, investment plan or arrangement, then (i) the advice should be construed as written in connection with the promotion or marketing by others of the transaction(s) or matter(s) addressed in this communication and (ii) the taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax adviser.