Legal Question in Real Estate Law in Pennsylvania
inheritance question
my mother in law is giving her home to us ..do we have to pay inheritance taxes?
Asked on 1/29/09, 2:15 pm
1 Answer from Attorneys
Miriam Jacobson
Retired from practice of law
Re: inheritance question
Do you mean that she will leave the house to you in her will, has she already died, or is she deeding it to you now?
If she's deeding it now, a transfer from parent to child is exempt of transfer tax, and does not incur an inheritance tax.
Deeds that transfer property according to a Will (after the death of the owner) are fully exempt of transfer tax. But a transfer according to a Will is subject to inheritance tax.
Answered on 1/29/09, 8:12 pm