Advice meant an extra 40G. Thanks, Harry!

Posted: June 25, 2012

DEAR HARRY: A little while ago, you answered someone's question regarding the Pennsylvania Inheritance Tax, which was a great help to our family. My father passed away last year and left us with a very substantial amount of CDs. He was always afraid of stocks. The will provided that the money be split evenly among his three daughters. The lawyer for the estate filed a return indicating our names, but listed one of my sisters with only her married name. As a result, there was a tax of 15 percent on her share since the tax bureau did not know she was a daughter. We did not know anything about this until we read your column. We then looked carefully at the tax return and called the lawyer immediately to file a claim for refund. The estate just got a check for almost $40,000 for the tax difference between what was paid and the proper 4 1/2 percent! We thank you and the Daily News for keeping people informed!

WHAT HARRY SAYS: Thank you for letting us know. Too often, we never know the outcome of some of our responses, but letters like yours are what we are all about. I hope you have made a substantial contribution to a worthwhile charitable organization so the entire community can gain some benefit from that handsome refund. Keep reading the Daily News; you never know what the future holds.

Email Harry Gross at harrygross@phillynews.com or write to him at Harry Gross c/o the Daily News, PO Box 8263 Philadelphia, PA 19101. Harry urges all his readers to give blood — contact the American Red Cross at 800-Red Cross.

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