Estate and Inheritance Tax Planning

Protecting yourself, your wealth and your heirs.

Many individuals work hard to build their personal wealth so that they can enjoy a particular lifestyle and/or to leave an inheritance to the next generation.  It often brings them great joy to know that their heirs will be provided for by the assets that are left to that generation   However, too often such inheritances are unnecessarily depleted by substantial tax obligations and related costs, such as federal and state estate tax and probate fees.  Perhaps you saw your parents’ estate radically reduced by such costs and taxes. With the proper planning, it is possible to maximize the amount of money left to your heirs.  David M. Frees, III is an experienced Pennsylvania attorney who has been helping clients with estate and inheritance tax issues for over 23 years.  If you are concerned about estate and inheritance tax planning, contact Mr. Frees at (610) 933-8069 for legal advice and to achieve the goals you have set for yourself and your family.

The latest statistics from the Internal Revenue Service show that Pennsylvania was ranked sixth in the nation for the highest total amount paid for net estate tax in 2006, with over $749 million owed in that one year alone.  Some of these taxes were incurred by family members who didn’t know the many techniques for minimizing or legally avoiding estate tax liability.  There are avenues available to help lower the amount of money paid for estate tax and generation skipping transfer tax. Do you or your spouse worry about these taxes and the burden that could be placed on your heirs?

Federal estate tax, Pennsylvania Inheritance Tax and related laws continuously change and it is important to know and understand how these changes affect your planning, your wills and trusts.  David Frees, a partner of the law firm, Unruh, Turner Burkes & Frees, P.C. and Chairman of the Firm’s Asset Protection and Wealth Preservation Section, will be able to provide you with guidance and advice regarding estate and inheritance tax.  Estate and inheritance tax planning does not involve a “one size fits all” solution, which is why Mr. Frees and his experienced team will take the time to become familiar with your specific situation to learn about you,  your spouse or partner and your family, as well as your specific goals for yourself and your heirs.  He will then formulate and help you to implement a strategy, approved by you, that will best suit you and your family’s needs, which will help protect your assets from being destroyed by excessive taxes and fees.

David Frees and the attorneys in his section of the law firm have helped thousands of individuals who were involved in the following estate and inheritance tax matters:

  • Beginning the initial process of estate and personal Legacy Planning ™
  • Acting as an executor or as the trustee of a trust agreement
  • In need of assistance with filing Federal Estate and Gift Tax Returns and/or Pennsylvania Inheritance Tax Returns
  • Looking for ways to reduce estate tax liability
  • Planning for family wealth transfers
  • Diversifying an estate concentrated in the stock of one or more publicly traded companies
  • Passing on vacation homes and establishing insurance trusts

As part of David Frees’ estate planning and administration practice, he provides comprehensive advice on gift and estate tax planning, including business succession, family limited partnerships, charitable giving and postmortem tax planning techniques.  He works closely with his clients’ tax and investment advisors, in order to help them reduce taxes for their heirs. 

David Frees takes a unique approach with his clients by showing them how to communicate effective strategies from one generation to the next.  Many of his clients are surprised to find that estate and inheritance tax planning are only a few of the issues that they should consider and that the more comprehensive process of passing on your financial wealth, your family traditions, and knowledge can be fun and fulfilling.  Mr. Fees has authored articles, chapters and essays that are included in several books and publications such as, The Language of Parenting: Building Great Family Relationships At All Ages, Einstein’s Business Dream, Inc., The Ultimate Success Secret, The Language of Leadership, Asset Protection 101, The Ten Most Common Errors Executors Make and How To Avoid Them and Beneficiary Controlled Trusts – Protecting The Next Generation.

Mr. Frees has created programs, including Avoiding The Ten Top Mistakes of Executors and has written articles for the past ten years that cover such issues as family vacation homes, perpetuating family businesses and perpetuating executive wealth and protecting your heirs from litigation and divorce claims.  He has also developed a proprietary process, Enhanced Estate Planning™, which gives parents and grandparents the ability to carefully and strategically plan their estates, educate the next generation, protect assets from claims and provide ongoing advice and information to heirs through technology and messages they create now to be delivered when appropriate.

Contact David Frees at (610) 933-8069 if you want to achieve the peace of mind of knowing that you have done everything possible to prepare the next generation.  If you, your spouse or other family members are concerned about tax, divorce and other issues or if you are in need of legal assistance with your estate and inheritance tax planning start the process today.  You will feel more than satisfied knowing that your heirs will be protected.

David Frees represents clients in Philadelphia, Chester County, Montgomery County, Delaware County and Lancaster County and many clients from communities such as, Berwyn, Devon, Paoli, Exton, Phoenixville, West Chester, Malvern, Chester Springs, Ardmore, Gladwyn and surrounding areas.

David M. Frees, III
Attorney, Speaker and Author