Estate Law

Estate law questions? Ask an estate lawyer.

Ask a Lawyer,
Get an Answer ASAP!

I manage a business in PA and one of the owners has passed…

Customer Question
Hi, I manage a...

Hi, I manage a business in PA and one of the owners has passed away. The owner had 25% shares in the business and left it divided equally between three children. The children have no money to pay the inheritance tax. Can a lien be put on the business or is it put on the heirs? The estate attorney has sent a letter stating that here is no money in the estate to pay the taxes on these shares and that the heirs are responsible for payment.

Lawyer's Assistant: Since estate law varies from place to place, can you tell me what state this is in?

Pennsylvania

Lawyer's Assistant: Has anything been filed or reported?

We are waiting for an evaluation to be completed of the market value of those shares. The will has been probated as far as I know.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

Not at the moment

Submitted: 7 months ago.Category: Estate Law
Show More
Show Less
Ask Your Own Estate Law Question
Answered in 5 minutes by:
1/7/2018
Estate Lawyer: Barrister, Attorney replied 7 months ago
Barrister
Barrister, Attorney
Category: Estate Law
Satisfied Customers: 43,101
Experience: 17 yrs estate law, real estate. Wills/Trusts/Probate
Verified

Hello and welcome! My name is ***** ***** I am a licensed attorney and will try my best to help with your situation. There may be a slight delay in my responses as I type out an answer or reply.

.

It is the heirs themselves that are personally liable for the inheritance taxes. However, in most situations, the executor of the estate will withhold those taxes from any distributions and forward them on to the dept of revenue prior to distributing any assets.

.

So if there is no money in the estate, and the heirs have no money to pay their taxes, then the business interest will have to be sold, either privately if an agreement can be reached, or judicially with a public auction, so that the interest can be liquidated. Then taxes can be held, debts paid, and eventually the heirs receive whatever is left.

.

.

thanks

Barrister

Ask Your Own Estate Law Question
Customer reply replied 7 months ago
Thank you
Estate Lawyer: Barrister, Attorney replied 7 months ago

You are very welcome. Happy to help any time.

.

It was my pleasure to work with you and help with your question. If you ever need me in the future, you can post a new question with "For Barrister" in the title and the JustAnswer employees will get it to me.

.

If you feel I have answered all your questions, I would very much appreciate a 5 star rating by clicking on the rating scale on your screen as that is the only way I receive credit for my work.

.

.

Have a great afternoon!

Barrister

Ask Your Own Estate Law Question
Estate Lawyer: Barrister, Attorney replied 7 months ago

Hello again,

.

I just wanted to touch base with you and check in.

.

Did you have any further questions I can help with?

.

.

Thanks much

Barrister

Ask Your Own Estate Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with an estate lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barrister Your Own Question
Barrister
Barrister
Barrister, Attorney
Category: Estate Law
Satisfied Customers: 43,101
43,101 Satisfied Customers
Experience: 17 yrs estate law, real estate. Wills/Trusts/Probate

Barrister is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

My husband has been driving me insane with questions regarding estate issues since his mother died. I'm not a lawyer! Thanks to JustAnswer, I was able to calm his concerns.

Loretta TIllinois

Thanks Adam!! - A very direct and understandable response - you have been a great help!

Happy CustomerEllicott City, MD

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

< Previous | Next >

Meet the Experts:

Thomas McJD

Thomas McJD

Attorney

3,170 satisfied customers

Wills, Trusts, Probate & other Estate Matters

Barrister

Barrister

Attorney

43,101 satisfied customers

17 yrs estate law, real estate. Wills/Trusts/Probate

RayAnswers

RayAnswers

Attorney

5,629 satisfied customers

Texas lawyer for 30 years in Estate law

Infolawyer

Infolawyer

Attorney

5,145 satisfied customers

Licensed attorney helping individuals and businesses.

Ely

Ely

Counselor at Law

1,867 satisfied customers

Fully licensed attorney in Texas in private practice.

RobertJDFL

RobertJDFL

Attorney

1,522 satisfied customers

Experienced in multiple areas of the law.

P. Simmons

P. Simmons

Attorney

1,215 satisfied customers

12+ yrs. of experience including estate law.

< Previous | Next >

Related Estate Law Questions
My mother died in Arizona intestate and left her house. My
My mother died in Arizona intestate and left her house. My understanding is the children of the decedent share the property in equal shares but my sister who passed away in Nov. 2017 son says he shoul… read more
Barrister
Barrister
Attorney
Doctoral Degree
43,101 satisfied customers
My step father in law passed away without a will, he lived
My step father in law passed away without a will, he lived in Kentucky. His wife passed away 6 years ago. There are 6 children, 3 of his and 3 of hers. When I say without a will, it is because we have… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
5,629 satisfied customers
P. requested: You just answered one of my questions about
P. Simmons requested: You just answered one of my questions about estate law. Here's another. As I'm preparing to make out a will, I'm considering how my debts and PA inheritance tax will be paid and … read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
1,215 satisfied customers
When you and your siblings inheirit a home from your parents
When you and your siblings inheirit a home from your parents and you incorporate a realtor to sale it.The home sales and there are four siblings involved,the deed is clear of debt,for some reason they… read more
Barrister
Barrister
Attorney
Doctoral Degree
43,101 satisfied customers
My father passed away last week and had 135,000 shares of
My father passed away last week and had 135,000 shares of stock with a company he served on a board of directors for - he was receiving dividends from the shares. What happens to the shares now that h… read more
Barrister
Barrister
Attorney
Doctoral Degree
43,101 satisfied customers
My mother passed away in November 2104. Her estate will be
My mother passed away in November 2104. Her estate will be divided equally between my 3 siblings and myself. She lived in Maryland and the estate is all but settled. When I receive my portion, what Fe… read more
socrateaser
socrateaser
1,031 satisfied customers
Massachusetts intestate - Mr. and Mrs are deceased no wills
Massachusetts intestate - Mr. and Mrs are deceased no wills - leaving 8 children of the marriage. Assets have come to light that need to be distributed.A probate will be done on Mrs. then a successor … read more
Barrister
Barrister
Attorney
Doctoral Degree
43,101 satisfied customers
Our grandmother passed away in NYC (Brooklyn) If there is no
Our grandmother passed away in NYC (Brooklyn) If there is no Will or Trust, and the Estate was just probated, and administrator was just appointed. Originally there was my aunt, who passed away before… read more
Barrister
Barrister
Attorney
Doctoral Degree
43,101 satisfied customers
I own 25% of a residential building in San Francisco. My father
I own 25% of a residential building in San Francisco. My father who is 80 years old and is n bad health owns 25% and another partner owns 50%. What is the best way to transfer my fathers share to me s… read more
LegalGems
LegalGems
Juris Doctorate
12,822 satisfied customers
ve set up an estate bank account for my deceased mother. I am the administrator,only heir
ve set up an estate bank account for my deceased mother. I am the administrator,only heir. I would like to know how long does the account need to be remained open,can I draw from it,can I close it[any… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,939 satisfied customers
Refers to how to write Will avoiding probate How should a
Refers to how to write Will avoiding probate: How should a house, stock, and bank account be listed in a will? My mother would like it written so that the property will be divided between the two of u… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
Pennsylvania. Mothers estate is entirely in JWROS (mutual
Pennsylvania. Mothers estate is entirely in JWROS (mutual funds) with only two grown children as heirs. It is necessary to pay inheritance tax on decedents proportion of estate. There is no personal p… read more
Daniel P.
Daniel P.
Managing Attorney
Juris Doctor
2,741 satisfied customers
my mother is soon to pass away....I have her home in a trust
my mother is soon to pass away....I have her home in a trust with me and my 2 brothers as beneficiary. my mother also has 4 bank accounts with approx $150,000 total....What is the best way to make sur… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
Mother passed away in April of this year in the State of Pennsylvania.
Mother passed away in April of this year in the State of Pennsylvania. Her husband, my father, is deceased. She had a properly executed will that was registered with the county Register of Wills. The … read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
1,215 satisfied customers
Father recently died and I am one of three children who inherit
Father recently died and I am one of three children who inherit , per his will, the family house and property, where I happen to reside, now alone. If I wish to purchase the home, is there any advanta… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
If you die without a will in RI, what happens to the family
If you die without a will in RI, what happens to the family business. I am married and have two children ages 28 and 25.… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
my mother-in-law has just passed away. My husband & I lived
my mother-in-law has just passed away. My husband & I lived in her home for 3 1/2 years to care for her. The house was still in her name, valued about $250.000 with a $95,000.00 reverse mortgage. The … read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
My grandmother passed away and left me her house with some
My grandmother passed away and left me her house with some land. The Personal Representative says that the land & house survey is not to be paid by the estate but by me. In the will it states "I hereb… read more
legaleagle
legaleagle
Attorney
Doctoral Degree
7,047 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x