Peter James Gilbert's Answers (166)

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My father is dying and still owes money on his house in Pennsylvania will I be able to take over payments after his death

Peter's answer | Answered on July 07, 2011

Since your father has no Will, state law will split the house between you and your sibling at your father's death. There will also be a 4.5% state...

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Is there any legal way to structure ownership of assets to avoid the PA Inheritance tax?

Peter's answer | Answered on June 16, 2011

Your question leads me to conclude that your inheritance will not be passing to children, since you mention the two highest tax rates. To reduce...

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What are the benefits of forming a family trust vs. LLC for passing on wealth from the royalties of our gas lease?

Peter's answer | Answered on July 09, 2010

First of all, congratulations for asking your question - it shows you're thinking ahead. 1. There are income tax considerations here - tax rates...

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How long will it take if I was left money and stocks as part of an estate.

Peter's answer | Answered on June 01, 2010

In addition to what's been answered about the audit issue (since more clarification is needed about that), I'm not sure if you meant to say that...

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My late mom lived in NJ. I live in PA. My mom's aunt from CA recently died and left her $. I got the $. Do I owe PA tax?

Peter's answer | Answered on June 01, 2010

The Will or Trust should say whether or not you owe the tax personally; if it's silent on that point, the default in PA is that the estate (or...

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Do we need to get an attorney

Peter's answer | Answered on May 10, 2010

Feel free to download our free guide to probate in Bucks County. Even if you are not in Bucks, this guide can be helpful for most any county in PA....

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