Trusts are no longer exclusive tools for large estates as a greater number of families with various levels of income and wealth are using trusts to pass on their assets to the next generation. The current Pennsylvania and federal tax laws provide ample opportunities to create a flexible plan that will cover every possible scenario for the estate.
• Do you have an existing estate plan that was developed in 2011 or earlier before the estate and tax exemption became $5 million per individual and $10 million per married couple and indexed thereafter?
