Share

Philadelphia PA Estate Planning Blog

Tuesday, June 26, 2012

PA Courts Don't Recognize NJ Same Sex Civil Unions for Inheritance Tax

Does a marriage or civil union by a same-sex couple translate to the same rights in Pennsylvania, particularly for inheritance taxes? According to a recent article in Forbes magazine and a recent case in Pennsylvania, the answer is no.

Although more states have added civil unions or marriage for same sex couples in recent years, Pennsylvania has not and still has their own Defense of Marriage Act (DOMA). 

For estate tax and inheritance tax purposes, that means you're treated in PA as not being married. If you're married in Pennsylvania, you can transfer all of your assets to your spouse inheritance tax free. However, if Pennsylvania doesn't recognize the marriage or civil union, the inheritance tax is 15% of the assets transferred. For a $1 Million estate, the difference between marriage recognition or not is $150,000!

Read the Forbes article here


Archived Posts

2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
December
November
October
September
August
July
June
May
April
March
February
January
2010
December
November
October
September
August
July
June
May
April
March
February
January


The Law Offices of Jeremy A. Wechsler assist clients with Estate Planning matters in Willow Grove, PA as well as Abington, Hatboro, Dresher, Horsham, Bryn Athyn, Huntingdon Valley, Fort Washington, Jenkintown, Glenside, Oreland, Warminister, Wyncote, Ambler, Elkins Park, Flourtown, Philadelphia, Warrington, Cheltenham, Gwynedd Valley, Jamison, Feasterville Trevose, Richboro, North Wales, Blue Bell, Lafayette Hill, King of Prussia, Collegeville, Oaks, Phoenixville, Oxford Valley, Langhorne, Penndel, Bristol, Fairless Hills, Bensalem, Plymouth Meeting, Furlong, Philadelphia County, Bucks County and Montgomery County.

© The Law Offices of Jeremy A. Wechsler | Disclaimer | Law Firm Website Design by Zola Creative



© 2020 The Law Offices of Jeremy A. Wechsler | Disclaimer
2300 Computer Avenue, Suite J-54, Willow Grove, PA 19090
| Phone: 215-706-0200

Wills and Trusts | Elder Law / Long Term Care | Probate / Estate Administration | Powers of Attorney | Life Insurance / Long-Term Care Insurance | Special Needs Planning | Same Sex Couple Planning | Asset Protection | Estate Planning For Pets | Trust Planning | Retirement Account Trusts | About Us | Resources

Attorney Website Design by
Amicus Creative