Pennsylvania Estate Document With Trust
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Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
It is important to make an asset joint; you can cut the tax in half that way. Making periodic donations to get assets out of your name is another approach to avoid this tax. If you still wish to keep control of it through a single trustee, you may set up an irrevocable trust that will pass it tax-free.
Some other examples of common trust purchases are a new TV for the Beneficiary's room, a hotel room rental on vacation, a class at a local community college, or non-government funded medical expenses such as massage therapy. Things may get a little bit more confusing when it comes to paying for food and shelter.
Assets Owned In a Revocable Trust: Generally, if someone dies owning assets in a revocable trust over which he or she had access and control those assets, those assets will be 100% taxable for Pennsylvania inheritance tax purposes.
Beneficiaries must report and pay taxes on income distributions. In return, the trust claims a tax deduction for the amount distributed. Non-grantor trusts are either simple or complex. All earned income in a simple trust must be distributed annually to a beneficiary or beneficiaries.
A Pennsylvania resident estate or trust is taxed on all income received in the eight enumerated classes of income from all sources, that is not required to be distributed to a beneficiary currently, and is not paid or credited to a beneficiary, in the same manner as a resident individual.