You really need to actually confer with an attorney that limits their practice to trust and wills, not a general practicioner
It will be worth it to find out, and it is too complicated for an on line question, as their is alimit of gifts also, above that amount you will face tax on teh gift, and there maybe federal tax exposure also.
You might want to hink about an outright sale from her to you. AS I said consult an attorney taht does this all day long. The 300 for the consulation will pay fo it self many times over
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Submitted 380 days ago ..
Is it better to put a childs name on a homeowners deed than just will the property to them. What would they pay in inheritance tax in PA.
Is the value estimated on the price of what the home could be sold at or is it the estimated appraisal that taxes are paid on the home. My mother is concerned if she adds my name to her home I could at some point put her in a home. A local attorney told her PA inheritance tax isn't much but I think it is 4.5%. The reason she wanted my name on with her is to also ensure my sister and her husband could not get the home.
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Answer 1 / 2 - Submitted 380 days ago ..
Answer 2 / 2 - Submitted 380 days ago ..
And generally, probate court has the house appraised for the inheritance tax
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