Estate Taxes
With Law Offices in Media, PA and Mt. Lauren, NJ
Do you have questions about estate taxes in Delaware County? Check out this video for guidance, then contact our attorneys to get started on your claim now.Do you need legal help?
Experienced Lawyers in Media, PA
Do you have questions about estate taxes in Delaware County? Check out this video for guidance, then contact our attorneys to get started on your claim now.
Question:
Will my estate in Delaware County be taxed?
Answer:
In the process of estate planning, many clients ask whether their estate will be taxed. For federal state tax purposes, if you’re a single taxpayer and your estate is over $5.45 million, you will be taxed. If you’re married, you’ll be taxed only if your estate is over $10.9 million. Because of the state’s unlimited marital deduction, property passed to your surviving spouse will not be taxed. Each individual state may have its own estate and inheritance tax obligations, however, so you need to be aware of the ones that will affect you. Come in and talk to us to learn about Pennsylvania’s.
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Do you have questions about estate taxes and how they work? Contact our experienced Media, PA Estate Planning Attorneys for a free consultation.
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