Inheritance is more than the transfer of assets after a person passes away—it’s a legal and financial process that can significantly impact families, taxes, and future generations. Understanding inheritance in the context of estate planning is crucial for protecting your assets, honoring your wishes, and avoiding unnecessary disputes or delays. What Is Inheritance? Inheritance refers […]
There are many financial decisions you can control to maximize your estate for your heirs after you pass. Now more than ever, it is crucial to make sure your affairs are in order. Pennsylvania is one of several states that still has an inheritance tax. The tax rate for Pennsylvania Inheritance Tax is 4.5% for […]
October 24, 2013
What happens to inheritance in divorce?
Defining and distributing inheritance in divorce Divorce clients often fear complete loss or reduction of their inheritance during equitable distribution. The question as to whether or not this asset is a marital property may change the conditions surrounding the inheritance and its role in the divorce. Determining whether or not an inheritance is marital […]