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How Can I Reduce Inheritance Tax For My Children?
The pandemic and the hyperinflation that followed it have had the effect of raising the valuation of people’s estates. Though the Commonwealth of Pennsylvania has no estate tax and the federal estate tax is currently pegged at $12.92 million in assets before any tax sets in, the reality is that many individuals and couples can face tax considerations when doing their estate planning. Their estate and their children can be on the hook for up to 40 percent of the asset valuation.
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How Long Am I Required to See the Company’s Doctor?
The system of protecting employees on the job now known as workers’ compensation sprang into life in 1911 in Wisconsin. Nine other states followed before 1920. Today, nearly all 50 states have mandatory workers’ compensation laws in place.
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