The Hidden Inheritance Tax Trap in Pennsylvania (and How to Avoid It)--Brandywine Oak Private Wealth

Описание: When it comes to transferring wealth across generations, most families focus on the federal estate tax. But in Pennsylvania, there's another layer, one that often gets missed until it’s too late.

Pennsylvania is one of just six states that imposes an inheritance tax. And unlike the federal system, it doesn’t only apply to the ultra-wealthy. Depending on who receives your assets, the state may claim up to 15%, with the bill due just nine months after your passing.

In this video, Michael Henley explains how Pennsylvania’s inheritance tax works, and more importantly, how thoughtful planning can help reduce—or in some cases, avoid—it entirely.

Topics covered include:
The implications of joint ownership and when it makes sense
Lifetime gifting strategies that provide both tax and emotional benefits
How early payment can generate meaningful savings
The overlooked role of life insurance in transferring wealth

At Brandywine Oak, we believe estate planning should be proactive, not reactive. If you'd like to explore how these strategies apply to your family’s situation, we’re always available for a conversation.
Brandywine Oak Private Wealth was founded with a clear mission: provide personalized Family Wealth Plans to successful families who often lack the time, resources, and desire to manage their wealth effectively.

Timestamps:
0:05 – Why your heirs might not inherit tax-free
0:16 – What is the Pennsylvania Inheritance Tax?
0:24 – The surprising tax rates (0%–15%) by relationship
1:00 – The 9-month deadline that catches families off guard
1:10 – There are ways to reduce or eliminate the tax
1:19 – Strategy #1: Joint ownership with heirs
1:44 – Strategy #2: Lifetime gifting (the “warm hands” approach)
2:29 – Strategy #3: Pay early, save big (5% discount tip)
2:44 – Strategy #4: Charitable giving using tax-inefficient assets
3:16 – Strategy #5: Why life insurance is tax-exempt
3:32 – How Brandywine Oak helps families plan ahead

Learn more by visiting https://brandywineoak.com/