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Estates Lawyers FAQ
Serving all of Pennsylvania
How will my property be taxed at the time of my death?
Pennsylvania inheritance tax applies to any estate regardless of the size of the estate. Pennsylvania inheritance tax is a tax on the beneficiary's right to receive your property. The amount of tax a beneficiary pays depends on the value of the property they receive and their relationship to you.
For property going to a spouse and if the date of death is after January 1, 1995, the inheritance tax rate is 0%.
For property going to a child and if the date of death is after June 30, 2000, the inheritance tax rate is 4.5%.
For property going to a sibling and if the date of death is after June 30, 2000, the inheritance tax rate is 12%.
For property going to collateral heirs (nieces, nephews, or unrelated beneficiaries) and if the date of death is after June 30, 2000, the inheritance tax rate is 15%.
Many factors will influence the amount of inheritance tax your estate will have to pay so it is best to contact an estates lawyer.
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The team at Michael J. O'Connor & Associates is ready to begin tackling your legal problem today. Email or Call our toll free number at 1.800.518.4LAW for a free initial consultation and review of your case.
