Estate and Gift Tax Planning
Understanding federal and state estate taxes, inheritance taxes, gift taxes and generation-skipping transfer taxes is essential to planning an estate. Our Tax Attorneys will help you understand what taxes affect you, how to determine if your estate will be subject to these taxes, and how to reduce or even eliminate your estate tax bill.
The federal estate tax is collected on the transfer of a person's assets to his or her beneficiaries upon death, and the total tax due is calculated by adding up the fair market values of all of the decedent's assets on the date of death and then applying estate tax credits and subtracting out allowable estate tax deductions. The federal gift tax is one of the most misunderstood and often ignored taxes assessed by the federal government. The gift tax is a tax assessed on the value of property that is gifted from one person during life to someone else.
Presentations & Events
- Presentation: Estate Planning for the Digital Age, Avoiding the State's Plan in Favor of Your Own Family Plan, and Pennsylvania Inheritance Tax Avoidance by Kathryn A. GioiaTeleconference with FORTIFY Wealth Management Clients, March 2, 2022
- Sponsor: Workshop presented by the Mid-Ohio Valley Estate Planning Council (MOVEPC) on Current Issues in Estate PlanningParkersburg, West Virginia, May 27, 2015