Pennsylvania inheritance taxes are fairly low for direct descendnts such as children and grand children.  The current inheritance tax rate for such heirs is 4.5% And, your desire to save on inheritance taxes should be weighed against the loss of control over your own assets and the fact that joint ownership of accounts might subject you to Pennsylvania inheritance taxes on your own money when you're retirned and can least afford it.  Yet, that is exactly what happens if a child on your account as a joint account holder dies before you.  For more on Pennsylvania inheritance taxes click here.

These links and information on Pennsylvania inheritance taxes and federal estate taxes arebBrought to you by
David M. Frees and the law firm of Unruh, Turner, Burke and Frees serving all of suburban Philadelphia.