Category Archives: Assets
Does the Pennsylvania Inheritance Tax include my mother’s antiques?
Does the Pennsylvania Inheritance Tax include my mother’s antiques? If your mother died a Pennsylvania resident, then the estate must pay the Pennsylvania Inheritance Tax on the fair market value of all of her taxable assets, including her antiques. If these antiques are passing to you, the tax rate will be 4.5%, due within nine […]
Do lifetime transfers avoid inheritance tax?
My father wants to transfer a rental property he owns in Montgomery County into my name. If he does, will this gift avoid Pennsylvania Inheritance Tax? As a Montgomery County resident, at your father’s death, all assets he leaves you at death (except life insurance) will be subject to the Pennsylvania Inheritance Tax at the […]
Can my father transfer a Philadelphia rental property into my name and avoid the Pennsylvania Inheritance Tax?
My father wants to transfer a rental property he owns in Philadelphia into my name. If he does, will this gift avoid Pennsylvania Inheritance Tax? As a Philadelphia resident, at your father’s death, all assets he leaves you at death (except life insurance) will be subject to the Pennsylvania Inheritance Tax at the 4.5% children’s […]
