Legal Question in Tax Law in Pennsylvania

Is a CD Payable on Death with no joint ownership and not included in the decedent's Revocable Living Trust taxable as an inheritance? The decedent does not have a will.


Asked on 7/08/15, 11:30 am

1 Answer from Attorneys

Solomon Weinstein Solomon Weinstein, Esquire

depending who the cd is payable it may subject to Pa inheritance tax. If the beneficiary is a spouse then it would not.

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Answered on 7/09/15, 8:23 am


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