what is the Pennsylvania Inheritance tax rate on assets passing to a sister-in-law?
I believe the applicable tax rate would be 15% of the net value of the assets received. If the assets inherited are IRAs or life insurance, however, the rate may be different and there *may* be no tax at all. If you have any questions, you should consult with a CPA or tax attorney to make sure that you maximize any deductions or exclusions you might be entitled to. James Frederick ****************************************** LEGAL DISCLAIMER Mr. Frederick is licensed to practice law in the State of Michigan and has offices in Wayne and Ingham Counties. My practice is focused in the areas of estate planning and probate administration. I am ethically required to state that the above answer does not create an attorney/client relationship. These responses should be considered general legal education and are intended to provide general information about the question asked. Frequently, the question does not include important facts that, if known, could significantly change the answer. Informat
