Legal Question in Real Estate Law in Pennsylvania

tax advantage?

Is there any tax advantage to sign over a house [ value $150.000 paid $75,000.] than just leaving in will in state of PA Thank you

Asked on 1/15/07, 11:43 am

1 Answer from Attorneys

Gerald Hershenson Law Office of Gerald M. Hershenson
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Re: tax advantage?

If there is a transfer before death your cost will be the cost utilized when the property is sold. If you leave it in a will the fair marker value at time of death will be utilized. No capital gain in that event if it is immediately sold.

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1/15/07, 11:52 am

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