Legal Question in Wills and Trusts in Pennsylvania
Are assets such stocks, bonds and mutual funds which were held in a TOD account, and a town house that was part of a revocable living trust, subject to Pennsylvania inheritance taxes ? I thought not but I was recently told otherwise.
Asked on 5/02/14, 12:11 pm
2 Answers from Attorneys
Yes. You should have a tax attorney prepare the inheritance tax return so that you can be certain that you don't make any other mistakes. Feel free to contact me to discuss further.
Answered on 5/02/14, 12:18 pm
Yes they are. You may not need a tax attorney. A CPA familiar with inheritance taxes should be able to assist you. You do need a probate attorney if there are any probate assets.
Answered on 5/02/14, 2:41 pm
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