Pennsylvania Inheritance tax rates are based upon the following classes of beneficiaries: Class: tax rate in % Surviving spouse 0% Property owned jointly by husband and wife or passing to a surviving spouse is exempt from Pennsylvania Inheritance tax Minor children: Beneficiaries of the estate of a child age 21 or less to natural parent,…
Attorney Gurdin can assist you with any of the following business matters: • Entity formation: C-corp, S-corp, general partnerships, LLC (limited liability company), LLP (limited liability partnerships) • Corporate bylaws, LLC operating agreements • Non-profit formations, partnerships, sole proprietorships • Subsidiary business formations • Joint ventures • Mergers and acquisitions • Business representation • Employment…
ESTATE ADMINISTRATION Pennsylvania Inheritance tax Pennsylvania imposes a tax on assets passing to a beneficiary. The rate of the tax depends on the relationship of the beneficiary to the decedent (the person who has died). This type of tax differs from an estate tax such as that imposed by the Internal Revenue Service on certain…
Got an Ideal but Don’t Want to Risk it All? In some cases a corporation will not replace the preexisting business but will merely enhance the existing business and assist it in pursuing its markets, or entering into new markets, while limiting the exposure of the existing business to the risks of these new markets….
Probate and Estate Administration Wilkes-Barre Estate Planning Attorney Makes Estate Administration and Probate Process Simpler for Clients As many people who have lost a loved one have found out, dealing with an estate’s affairs is not always an easy process. A person’s will can be complicated because it needs to be officially recognized, and because…
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