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Non Probate Assets Taxable Pennsylvania Department of Revenue Form

Non Probate Assets Taxable Pennsylvania Department of Revenue Form

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death and taxes are certainly unavoidable they are also uh crucial to any conversation about estate planning because if you're talking about giving your property or money real estate whatever it might be to another person during your life or after your death taxes are just simply part of the rules and it's something you have to consider i'm patrick cauley estate planning and elder law attorney with keystone elder law in mechanicsburg pennsylvania and i wanted to go through some of the basics of tax issues that come up in estate planning first we have to talk about gift versus estate taxes gift taxes are that chunk of money that come out from to the government that the government takes out of any transfer of wealth from you to another person while you're alive you're giving a gift the government takes a little cut of it whatever that percentage might be if you are leaving money in your estate so it passes to people through your will or through you

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