If you are a Pennsylvania resident who wants to maximize gifts and transfers to your family memebers then now is a great time for planning and executing estate planning.  If you want to gift or sell  assets such as a family business, a family farm, or commercial real estate, now might be a good time to consider transfering the asset. 

Valuations are low and interest rates are at historic lows and will and trust lawyers and advisers know that this allows you to move greater value now.  Once the prices and interest rates rise, that increased value will be included in your estate unless you take measures to move it out through Grantor Rentained Annuity Trusts, Qualified Personal Residence Trusts or, through an outright sale to a relative. 

The outright sale where you take back financing could be in the form of a traditional note and motgage or a self cancelling installment note.  Either of these techniques allow you to freeze the value of the asset now, and to avoid the growth in value through time to be included and  taxed.  And, now that it appears certain that the federal estate tax is not going away, we have both the federal and state death taxes to try to avoid.  And, avoiding death taxes is a poerfult estate planning technique.

David M. Frees III
Will, Trust, Estate and Asset Protection Planning

610-933-8069
[email protected]

Offices located in West Chester, Phoenixville and Malvern Click here for directions.

Serving clients throught out Pennsylvania and the Philadelphia region including
Chester County, Montgomer County, Bala Cynwyd, Berwyn, Exton, Chester Springs, Blue Bell, and many
other communitites