A closely held business is usually the largest asset on a Pennsylvania balance sheet and the most exposed to inheritance tax — taxed at 4.5% to a child, 12% to a sibling, 15% to anyone else, with the bill due nine months after death.
The plan
We coordinate buy-sell agreements, key-person life insurance, voting/non-voting share structures, GRATs, and discount-eligible entity structures to transfer the business efficiently — to a child, a key employee, or a third-party buyer — without forcing a fire sale to pay tax.