Will My Estate be Taxed?
Our experienced Media PA Estate Planning Attorneys are devoted to helping our clients accomplish their goals for the future. We have law offices conveniently located in Media, Pennsylvania and New Castle, Delaware.
As an experienced Media PA Estate Planning Attorney, I am often asked about the taxation of an estate.
- Federal estate taxes will accrue if you’re a single taxpayer with an estate over $5.45 million.
- A married taxpayer will be taxed only if his or her estate is over $10.9 million.
- The state’s unlimited marital deduction precludes tax on property passed to a surviving spouse.
- Estate and inheritance tax obligations may vary from state to state, make it essential for individuals to be aware of those that affect them personally.
Do you fear that your estate will be taxed for your loved ones? Contact dedicated Media PA Estate Planning Attorney Steven Chisholm to guide you.