Posted: | March 8, 2019 12:40 PM |
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From: | Representative Joanna E. McClinton |
To: | All House members |
Subject: | Easimg finanical difficulty after the death of a loved one |
We all know the pain of losing a loved one. But for many Pennsylvanians who struggle to make ends meet, there are unexpected financial hardships that also accompany the emotional loss caused by death. Recently, a constituent approached me to discuss the difficulties low-income individuals face when attempting to have inherited property transferred into their name. The transferring of a deed is necessary for taking legal ownership of property. It allows you access to occupy the property, the use of the property as you wish within legal bounds, and the ability to formally pay utility bills and other fees associated with property ownership. Without a legal Property Deed in your name, you have no right to the inherited property. The package of bills that I am proposing would alleviate this problem for low-income Pennsylvanians by exempting those who fall below the Federal poverty line from fees and taxes associated with deed transfers of inherited property. Each of these bills would immensely help those who inherit property to remain secure in their place of residency and ease the financial worry and mental burden of having to find the financial resources needed to officially take ownership of property left to them by a loved one. Everyone deserves the assurance of knowing that their deceased loved ones wishes have been honored. Please join me in helping those who need us the most, by supporting this important legislation. |
Introduced as HB1207
Description: | The first bill that I am proposing would allow individuals with a household income that falls at or below the Federal poverty line from the realty transfer tax imposed on inherited property. | |
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Introduced as HB1206
Description: | The second bill would exempt individuals with a household income at or below the federal poverty line from the fees and charges imposed on estate transfers. | |
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