Legal Question in Wills and Trusts in Pennsylvania
Applicability of MD Living Trust in PA
We are moving to PA from MD. Created a Living Trust some years ago in Maryland and understand that it should be legal in PA. Wills and Powers of Attorney will need to be updated. Is this correct?
1 Answer from Attorneys
Re: Applicability of MD Living Trust in PA
The living trust should be legal in PA, however, I still believe that it would benefit you to speak with an estate planning attorney in Pennsylvania because living trusts do not avoid Pennsylvania Inheritance Tax. Additionally, Pennsylvania just passed the Uniformed Trust Act which becomes effective next month, which may or may not effect your trust if its situs is Maryland.
I do provide free initial consultations, so feel free to contact me. Hillary N. Snyder 412.731.0865