Pennsylvania Inheritance tax rates are based upon the following classes of beneficiaries:
Class: tax rate in %
Surviving spouse 0%
Property owned jointly by husband and wife or passing to a surviving spouse is exempt from Pennsylvania Inheritance tax
Beneficiaries of the estate of a child age 21 or less to natural parent, stepparent, adoptive parent
0% tax exempt charitable organizations, tax exempt institutions government entities 0%
Class A (lineal descendants)
grandfather, grandmother, father, mother, and their children. Children include natural children, (whether or not they have been adopted by others) adopted children; and stepchildren.
exemption of $3500.00 then 4.5%
Class A1 (sibling tax rate)
Brothers, half brothers Half sisters Persons having at least one parent in common with decedent by whole blood or adoption
12% with no exemption
Class B (collateral tax rate)
All other beneficiaries
15% with no exemption
Family farms and certain agricultural property are exempt from Pennsylvania Inheritance Tax if they meet certain conditions.
Life insurance payments are exempt from Pennsylvania Inheritance Tax whether they are payable to the estate or to a beneficiary.
Whether you are interested seeking to make organizational changes, forming a new business, branching into new territory with a joint venture partner, or dissolving a partnership or older business entity, PA business formation lawyer Attorney Gurdin can provide you with the legal guidance and help you need to successfully meet your goals.
Contact C. Stephen Gurdin, Jr. phone 570-826-0481, toll free 1-800-221-0618, fax 570-822-7780