How Do I Pay For Estate and Inheritance Taxes Parts One and Two
Wednesday, July 29th, 2009Because the estate’s entire tax liability is generally due to be paid to the IRS and the Pennsylvania Department of Revenue within 9 months of a person’s death, executors can find themselves without sufficient liquidity to pay for such inheritance taxes and estate taxes.
David M. Frees III on Paying For Estate and Inheritance Taxes
These taxes are also often due just when the executor is paying for lifetime tax liabilities, funeral expenses and various administrative expenses.
How do you plan for such tax payments to avoid interest and penalties?
I recently did two articles covering these issues.
To read more about paying for federal estate taxes and Pennsylvania inheritances taxes, click these links:
Paying Inheritance and Estate Taxes Part One
Paying For Inheritance and Estate Taxes Part Two
David M. Frees III, Esquire
610-933-8069
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David M. Frees III
David Frees Chairs the Trust, Estate, and Wealth Preservation Section of
Unruh, Turner, Burke and Frees
His practice focuses on estate planning, wills, trusts, asset protection,
and in representing the owners of family businesses, and the directors and officers
of public and privately held corporations.
