HB 262 Reduces Inheritance Tax Rate
On June 28, 2019, Governor Wolf approved HB 262, which includes the reduction of the inheritance tax rate from 4.5% to 0%. This applies to property transferred from a natural parent, adoptive parent or step-parent to or for the benefit of a child age 21 or under. The provision takes effect Monday, July 1, 2019.
WGSF regularly assists with administration of estates and trusts. If you have questions about probate or need assistance with estate or trust administration, please contact a member of our estates team: Michael Fiffik or Jennifer L. Bamonte.