There are several potential ways to avoid or minimize the burden of Pennsylvania's inheritance tax on a given estate, but all of them are specific to a certain set of conditions. Some of the most prevalent current strategies include establishing trusts, giving to tax-exempt entities and carefully choosing heirs.
Strong networks and successful businesses
At Huckabee, Weiler, & Levengood, P.C., we are proud to represent Pennsylvania business owners and families. We believe that our support prepares them for success by clarifying plans, advising on structures and helping to make business formation more efficient.
What is equitable distribution during a divorce?
If you decide to divorce, you will have to divide up your marital assets. You may be wondering, and even a little concerned, about how this will be done.
Taxes and the changing face of divorce
For many decades now, countless divorces in Pennsylvania have been finalized in which one spouse was ordered to pay alimony to the other spouse. These payments are often regarded as a support to the person who has a lower income and designed to allow them time to transition to being able to fully provide for themselves financially after the divorce.
How debts are handled after death
After a loved one dies in Pennsylvania, it is necessary for you as the surviving family members to address many important legal matters, such as handling any debts that the deceased has left behind. Part of the purpose of the probate process is to settle any outstanding debts. We at Huckabee, Weiler & Levengood know that it is difficult for you to face these practical matters in the midst of your grief. It may help if you understand how the probate process pertains to the settlement of your loved one's outstanding debts.
