Pennsylvania Inheritance?

[tacks]

I'm trying to work with a lawyer who deals with Pennsylvania State Inheritance tax. I'm competent in several areas but I know almost nothing about state inheritance.

Can anyone refer me to an introductory course? "Pennsylvania State Inheritance for Dummies?"

Where might i get started?

The TaxBook does not seem to cover it.

Also, does anyone know anything about Lackner software for estate and inheritance?

all responses welcome,
thanks in advance

[BP.]

http://www.revenue.state.pa.us/portal/server.pt/community/inheritance_tax/14695

Hope this will take you to the page of forms (PA Rev 1500) & instructions (PA Rev-1501) for the PA Inh Tax, and the other Schedules, too.

[tacks]

Thanks, BP. Yes it did take me to the form and instructions. Not quite the 'easy read' which i was hoping for.

But, hey, it is what it is.

Anyway, i'll read it now.

[tacks]

Is $$ willed to a charity exempt from PA inheritance tax?

"Inheritance Tax
Inheritance tax is imposed...

0 percent on transfers to a surviving spouse....


15 percent on transfers to other heirs, except charitable organizations...."

http://www.revenue.state.pa.us/portal/server.pt/community/inheritance_tax/11414

It seems that $$ willed to a qualified charity is precluded from inheritance tax. But yet i can't find it addressed directly. The words in the Rev-1501 instuctions are confusing as heck. (Like most of you, working my but off, i don't have much brain power left to decipher the 'legal speak' in the instructions.)

[BP.]

From FAQ page

Is $$ willed to a charity exempt from PA inheritance tax?

"The current Inheritance Tax rates are as follows:
* Surviving spouse - 0%;
* Lineal heirs (children/grandchildren and their spouses,etc.) 4.5%;
* Siblings (brother/sister) - 12%;
* Collateral heirs (nephew/niece, aunt/uncle, friends, etc.) - 15%;
* Charitable bequests contained in the Will are exempt."

[John of PA]

Charity

Yes it is a deduction like the Federal 706. Hope this helps.

[tacks]

Thanks John!

[tacks]

Is $$ willed to a charity exempt from PA inheritance tax?

"The current Inheritance Tax rates are as follows:
* Surviving spouse - 0%;
* Lineal heirs...

* Charitable bequests contained in the Will are exempt."

"Charitable Bequests
Transfers to exempt charitable organizations... are exempt from tax."

--as per page 2 of Rev-1501, Instructions for the PA Inheritance Tax Return
(see atttached pdf file)


Thank you, BP!!!


I was not able to find this previously because i was searching on the word 'charity' instead of 'charitable.'