My husband died, we had no will, no stocks, bonds, just joint checking and savings account. He had a car which I am transferring to a family member soon. Is the bank accounts considered estate, or the car, that I will need to pay estate tax on?
Should I immediate change account name to protect anything?
1 Answer from Attorneys
Condolences on your loss.
It is possible that your husband's and your assets are not part of his estate, and will not require that you open an estate or pay PA inheritance tax. Just to be sure, before transferring anything, consult with a local probate/estates lawyer.
THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.
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