What Act 85 Says About Inheritance Taxes and the Family Farm
In 2012, the Pennsylvania General Assembly passed Act 85 which provided two powerful inheritance tax exemptions for owners of family farms and agricultural property. In this educational webinar, Estate Attorney Ryan Fields shares an overview of Act 85 and subsequent revisions.
In this video, we will discuss life and planning before Act 85; analysis of Act 85 and recent amendments; changes in planning based on the new law; what types of property and assets can be exempted from inheritance tax; how to stay in compliance with the law after exemption; and completion of a sample Inheritance Tax form claiming the exemption.
What Happens To My Stuff If I Die?
Estate Attorney Paul Frank discusses Wills, Living Trusts, Powers of Attorney, when to see a professional advisor for comprehensive planning, and he offers a few tips on how to communicate your wishes with those closest to you.