Many people do not know that Pennsylvania is one of the remaining six states that still charge an inheritance tax to beneficiaries who inherit property. This can lead to a bad surprise when people are navigating the process of taking possession of assets after someone...
The Pennsylvania inheritance tax is a transfer tax. The tax applies to assets that are paid to a beneficiary. The amount of the tax is based on the value of the property and the family relationship of the beneficiary to the decadent. Therefore, one of the goals of...
It’s only a matter of time before the proposed federal estate tax legislation takes effect on estate planning strategies. You’ll probably not have read the 881 pages of the legislation or the House Budget Committee’s Report by January 1, 2022, when...
Our clients often come to us with questions regarding estate law as it pertains to them, their children, and their aging parents. If you’ve asked yourself any of the frequently asked questions listed below regarding estate law, we would love to answer those...
