Jun 2017
12th Jun 2017

Why Do You Need An Estate Plan?

Why do you need an estate plan?

Here are some good reasons:

  • To take care of your loved ones if something happens to you. Your spouse or significant other, your children, your grandchildren, and your parents all may rely on you now one way or another.

  • To minimize death taxes due to the state and even the federal government. Will there be enough ready cash to pay the inheritance tax bill to Harrisburg?  Yes, transfers to your spouse are exempt from tax, but the rate 4.5% on transfers to direct descendants, and is even higher for transfers to siblings (12%), and 15% on transfers to other heirs.

  • To protect your business – will ownership go where you want it to go? Can the business be sold if that is what you want?