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The Law Offices of Samantha K. Wolfe
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“Information Bits from the Boss: Samantha provides brief answers to clients frequently asked questions”

9/5/2022

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​What if my estate doesn’t have a lot of assets, do I still need to probate?
 
It depends on what the value of those assets are and what type of asset.  For example, in Pennsylvania if you have a bank account under a specific amount you do not have to probate in order to close out that account. Certain family members can close the account with a copy of the receipted funeral bill as well as the death certificate. There are certain assets that you can close without having to probate; however, you still may need to file a Pennsylvania inheritance tax return and pay Pennsylvania inheritance tax, depending on the relationship of the beneficiary and the decedent. The Pennsylvania inheritance tax rate depends on your relationship to the decedent. Any direct lineal descendant or ancestor pays 4.5%, siblings pay 12%, and anyone else, including nieces and nephews pay at 15%. If you are a spouse, the tax rate is 0%.  For additional information, please contact our office.
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Elder Law, Estate Planning, Power of Attorney, Asset Planning, Medicaid Planning
The Law Offices of Samantha K. Wolfe
​20 East Sixth Street, Suite 206, Waynesboro, PA 17268
Hours: Monday thru Friday 8:30am to 4:30pm.
Other times by Appointment Only. Virtual Appointments Available.
717-655-2676
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  • Home
    • Our History
    • Meet Our Team
    • Our Office
    • Video Greeting
    • Affiliations
    • Publications
  • Our Services
    • Estate Planning
    • Asset Protection Planning
    • Long-Term Care Planning
    • Medicaid Planning
    • Special Needs Planning
    • Business Succession Planning
    • Estate Administration and Probate
  • Info for You
    • Newsletters
    • Seminars
    • Videos
    • FAQ - What If
  • Testimonials
  • Our Networks
  • Contact Us
    • Register for a Seminar
    • Send a Book
    • Request a Speaker
    • Survey
    • Reviews
  • Blog