Category Archives: Trusts
Can I fund my son’s Special Needs Trust under my Will without paying the Pennsylvania Inheritance Tax?
My son is a special needs child and I have formed a Special Needs Trustin my will for his care. How do I fund this Trust without paying the Pennsylvania Inheritance Tax? If you are unable to fund the trust until your death, then the only way to fund the trust without paying the 4.5%Pennsylvania […]
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 […]
