What appraisal thresholds apply to Pennsylvania inheritance tax?
The executor may estimate ordinary personal property, but any individual article worth more than $3,000, or a collection of one type exceeding $10,000, should be supported by an expert appraisal, with the expert's qualifications, attached to the REV-1500 inheritance tax return. This replaced the old practice of itemized appraisals for everything.
When is the Pennsylvania estate inventory due and where does it go?
The verified inventory, stating each item's fair value as of the date of death, is filed with the Register of Wills, with practice materials placing the complete filing within nine months of death. Newly discovered property requires a supplemental inventory within 30 days of discovery under 20 Pa.C.S. § 3301 and § 3302.
Does Pennsylvania inheritance tax reach small estates?
Yes, it applies regardless of estate size. Even an estate settled through the $50,000 small-estate petition under 20 Pa.C.S. § 3102, which the Orphans' Court may resolve with or without appraisement, still owes inheritance tax on its personal property values, unlike states that exempt small estates entirely.
Can a Pennsylvania court referee disputes over family-claimed items?
Yes. The personal representative delivers items claimed under the family exemption at the values fixed by the inventory and appraisement, and under 20 Pa.C.S. § 3122 any party in interest can petition the Orphans' Court to control the distribution and valuation of that property, with or without an appraisal.