It’s important to draft a will while you are still young to help your friends and family make decisions about your health, finances and property after you pass away.
When considering issues like Pennsylvania inheritance tax and other fees, fines, and situations it may seem like writing a will is a daunting task. It doesn’t have to be if you follow these helpful tips when consulting with an inheritance lawyer or other tax professional about your wishes.
- Take an inventory of your assets and possessions – everything from cash to furniture to a baseball card collection needs to be written down and accounted for. Even if something seems trivial now, it could spark a dispute after you are gone.
- Decide who will be involved – think of and make a list of all family members and any other beneficiaries such as a same-sex partner or close friend that you would like to leave something to.
- Keep it in a known place – after your will has been drafted and finalized, keep it in a place that is easy to access and tell your friends and family where it is located in case something happens to you and you are not able to access it yourself.
Contact a Pennsylvania Inheritance Tax Lawyer
If you have questions about how Pennsylvania inheritance tax may come into play when planning a will or trust, contact an inheritance lawyer today for assistance – 1-610-933-8069.