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