Is there an inheritance tax on jointly owned CD's?

The prior response is correct that PA Inheritance tax is charged on 1/2 of the total amount. Note that as a sibling (inheriting the funds) the tax...

My x partner and i should have filled for LLC dissolution 2 yrs ago how do I do it now, I continued the business

Your questions has a number of issues. As far as dissolution of the LLC, the claim against the LLC will need to be addressed. There is a difference...

Own rental properties and want to "Incorporate."

You need to understand that in addition to considerations from a liability perspective, you will incur realty transfer tax in Pennsylvania on the...

I am about to purchase a franchise that I will operate in PA and would like to know if I should form a LLC or S Corp.

As the other responses indicated, there are many variables in deciding if a S Corporation or an LLC is the better choice for you for the particular...

PA resident inherits proceeds from FL decedent's revocable trust. Are proceeds taxable to the PA resident?

No (excluding possible federal estate tax depending on when the decedent died). PA inheritance tax is assessed on real estate in PA owned by a...

As the other attorneys advised, there are remedies available on the civil side (as opposed to criminal, i.e. "illegal") remedies and your husband...

Can a student loan debt be placed against a home that is only in husband's name even if loan was obtained while married

It sounds like the student loan is a federal loan which gives it different rights with respect to federal tax return refunds. If the house is...

What is the pa.inheritance tax rate for a grandchild

As indicated, 4.5% is the tax rate for transfers to grandchildren (and lineal descendants). For more information see PA tax rates at...

My father died 4 months ago, told me he was leaving me sum x, but his widow (not my mom) dislikes me. Can she contest?

What your father said verbally doesn't matter. The issue is if he left a Will which would spell out money to go to you and your brother. If the...

Selected as the best answer

In Pennsylvania a spouse does not need to join the deed (other states are different and some have special homestead rights as the prior answer...