Home     Law Advice     Insurance Advice     Community    
Probate and Personal Representatives : Includes Executors, Court Appointed Guardian of a Minor's Estate, Administrators in Deaths Without a Will, Intestate Distribution, etc.
Go Back   FreeAdvice Legal Forum > WILLS & TRUSTS > Probate and Personal Representatives

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Closed Thread
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 09-28-2009, 12:01 PM
Junior Member
 
Join Date: Sep 2009
Posts: 1

Pennsylvania Estate & Probate


What is the name of your state (only U.S. law)? Pennsylvania:

My dad just passed without a will. He was divorced. He had been sick for some time and had distributed assets as gifts long ago. He felt he had taken care of everything. I am the eldest of his 3 children. All that is left is:
Bank#1
Bank checking account - approx $1000
Bank money market - approx $2000

Bank #2
Savings - $1000 (to be issued in a check to the Funeral Home)

A vehicle with death insurance benefits that will pay it off and the listed beneficiary is "the estate." FMV = $10,500

A pension death benefit of $4000 to a off the record business partner.

He had given the vehicle to me informally, but my siblings are aware and will not contest it. And then the $3000 at Bank #1 will be distributed equally amongst the 3 children.

Also - we are 100% that there are no outstanding debts.

Questions:
I assume the items listed above are called "the estate"

What exactly is probate? Do we need a lawyer? Is what I described above a "small estate"? What do we have to pay PA estate tax on, what do we have to pay inheritance tax on? Seems like this should be easy; but if a lawyer is necessary is this usually an expensive bill?

All help will be appreciated!
Kelly
Closed Thread



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 08:00 PM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.