Tag Archives: Inheritance

PA Dept. of Revenue, Inheritance Tax Division: Procedures in Response to COVID-19

Posted on March 24, 2020

What Taxpayers Need to Know About Inheritance Tax Filing and Payments   The Department of Revenue has closed all physical offices and call centers. Currently, the only method of contacting the office is through the Department of Revenue Customer Support website. … →

Posted in COVID-19 Updates, Estates and Trusts, Legal Watch | Tagged , , | Leave a comment

Pennsylvania Inheritance Tax Has Changed For Some Children

Posted on February 4, 2020

PA Inheritance Tax Has Changed For Children, Age 21 or Younger, Who Inherit Money From a Parent Pennsylvania has relieved the tax burden from a class of beneficiaries who inherit from their parents. The class is narrowly defined as a … →

Posted in Estates and Trusts, Legal Watch | Tagged , , | Leave a comment

How To Protect Inherited IRAs From Creditors After The Clark v. Rameker Decision

Posted on October 27, 2014

In a recent decision, Clark v. Rameker, the U.S. Supreme Court unanimously held that inherited IRAs are not exempt from the beneficiary’s creditors because inherited IRAs are not “retirement funds” within the meaning of 11 USC §522(b)(3)(C) of the federal … →

Posted in Estates and Trusts, Legal Watch | Tagged , , , | Leave a comment