My father left me his house but there is still money owed on home equity loan. will i inherit the debt? can the house be sold?
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Answered on September 28, 2012
Additional information is required to answer your question properly. If you uncle has already filed the Will with the Register of Wills and been...
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What exactly is probate & when is it needed?
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Answered on September 27, 2012
The administration of an estate, commonly referred to as probate, is the legal process by which a personal representative, called an executor if...
Should a settlement company withhold inheritance tax on the sale of a deceased individual's home?
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Answered on August 21, 2012
Mr. Masiuk's response is correct. What many people do not realize is that the moment someone passes away the Pa Department of Revenue acquires a...
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Estate
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Answered on May 11, 2012
Your post does not indicate how long ago your father passed away. In Pennsylvania, a beneficiary can demand an accounting six (6) months after the...
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Do you have to pay the state of PA and the IRS 4.5%?
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Answered on April 23, 2012
If the assets are under 400K, you will not have to file a federal estate tax return and will not have to pay any federal estate tax. You will have...
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Inheritance taxes that are filed late?
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Answered on April 11, 2012
Life insurance is not subject to inheritance tax in PA. If the house was owned by your mother, either individually or jointly with you, her...
How long can an estate go unsettled?
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Answered on March 13, 2012
Unless there are some extenuating circumstances that would justify not settling the estate, it is long overdue. You should consult with a local...
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What good is a trust when you have alot of money?
Jay's answer
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Answered on March 06, 2012
There are a number of situations were a trust may be beneficial to you and your heirs. It really depends upon your particular circumstances. My...
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Probate attorney lancaster county pa
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Answered on February 16, 2012
Unfortunately there are occasions when each executor chooses to engage their own lawyer. You will need to make sure you employ a lawyer willing to...
Executor of will in PA is "paid'?
Jay's answer
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Answered on February 10, 2012
Your sister's lawyer is correct that she is entitled to a "commission" for serving as the personal representative of the estate. The amount of the...
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