Types of Debt That Can Be Passed Down to Your Beneficiaries
Understanding Debt Inheritance and How to Protect Your Estate
Planning your estate for the future typically revolves around what you leave behind for your loved ones. Amidst your assets and heirlooms, one crucial aspect that you may have forgotten about is debt inheritance. In Pennsylvania, your estate will have to be used to pay off any debts, and if you’re not careful, your beneficiaries...
6 Assets That Are Not Subject to Inheritance Tax
One of the worst parts of the probate process is seeing how the probate courts will tax the assets the deceased left to their loved ones. Not only do they have to deal with the loss of someone dear to them, but the state gets to take a cut of the assets their loved one worked hard for. However, certain assets should not be taxed in Pennsylvania.
The Pennsylvania inheritance tax is...