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Reducing Estate Taxes
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Do you or a loved one need help reducing estate taxes in Delaware County? Check out this video for guidance, then contact our lawyers for your free review.Do you need legal help?
Experienced Lawyers in Media, PA
Professionalism is the Word
I highly Recommend Gibson & Perkins. I have used their services for approximately 6 years now and been through a few cases together with very positive outcomes. Personally, I have used Paul Fellman and Walter Timby on those occasions. Both, as a team & separately these Attorneys were wonderful to work with and easily accessible to reach if I had any questions. Professionalism is the word that comes to mind to describe the firm, as a whole. Always completely prepared for any surprises that may pop up during a trial. They were well versed on all pertinent info pertaining to each case. As I client, I always felt I was an integral part of the team, not an after-thought, that had to be brought up to speed a half hour before the trial started. I could not recommend this firm and Mr. Fellman and Mr. Timby any higher.Very Satisfied
I hired Paul Fellman after speeking to several different lawyers from different law firms because he was the most sincere. Paul did an excellent job on my landlord tenant issue I had on my rental property. He was there for me from the beginning to the end of the whole ordeal. I was very satisfied and I highly recommend him and his firm.
Do you or a loved one need help reducing estate taxes in Delaware County? Check out this video for guidance, then contact our lawyers for your free review.
Question:
How can I reduce taxes on my estate, especially with the federal estate tax in Delaware County?
Answer:
It’s interesting that one of our primary functions in the recent past has been dealing with the impact of the federal estate tax on an estate. These rates are currently around 40% but could go as high as 55%.
Due to changes that took place in 2012, most estates are no longer subject to a federal estate tax. If your estate is under $5,450,000 — and twice that amount if you’re a married couple — you have no exposure to the federal estate tax.
That doesn’t mean we aren’t interested in ways to reduce the cost of settling your estate. This involves some of the issues we’ve talked about previously, including making sure your estate is handled in an efficient way. This really comes down to the planning you do while you are still alive.
Do you have questions about how to go about reducing estate taxes in Delaware County? Contact our experienced Media, PA Estate Planning Attorneys for a free consultation.
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Client Reviews
“I highly Recommend Gibson & Perkins. I have used their services for approximately 6 years now and been through a few cases together with very positive outcomes.”
– Maria Twining
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