Having Assets

How is having assets a risk of life?

Passing those assets on at death could come at an expense.
Here in Pennsylvania there is a State inheritance tax that can affect many assets that pass at death to someone other than a spouse.

At the Federal level there are Federal estate taxes which under current law apply to estates in excess of $5,120,000. With proper planning this may not apply at the death of a spouse but rather when assets pass from one generation to another.

Estate planning** can help you to position assets to minimize estate costs but when that is not enough Life Insurance can be used to help create additional liquidity.

**Note- Legal documents are prepared by attorneys not affiliated with me or One Stop Financial Services.

Estate planning is completed working in conjunction with attorneys who likewise are not affiliated with me or One Stop Financial Services.