Inheritance taxes

[pab33]

What is the name of your state?What is the name of your state? PA

When someone is a beneficiary or inherits a life insurance policy but is not the spouse of the deceased what is the tax rate applied to it? Also if the non-spouse is to inherit real estate and vehicles how is the tax calculated on those items also? Is there a different law if money from an insurance policy is given to a minor who is not a blood relative?

[anteater]

Originally Posted by pab33

What is the name of your state?What is the name of your state? PA

When someone is a beneficiary or inherits a life insurance policy but is not the spouse of the deceased what is the tax rate applied to it? Also if the non-spouse is to inherit real estate and vehicles how is the tax calculated on those items also? Is there a different law if money from an insurance policy is given to a minor who is not a blood relative?

Assuming you are asking about PA inheritance tax, proceeds from a life insurance policy are not subject to the PA inheritance tax no matter who the beneficiary is.

For the others, it depends upon the relationship between the deceased and the beneficiary:

Spouse -- 0%
Lineal -- 4.5%
Siblings -- 12%
Anybody else -- 15%