When Pennsylvania residents first learn that the government imposes taxes even after death, many are confused or upset. After all, death is a natural and unavoidable part of life. It might seem unfair that the government takes a cut of your lifetime assets. This news can be a bit misleading, however.
Pennsylvania parents want to do all they can to make sure their children’s trust is well administered and that their children will successfully inherit the assets in the trust. Some adults may decide they cannot trust anyone but family to be a trustee, and put one of their own siblings in charge of the trust. However, this actually can be a bad idea and invite more trouble than it is worth.
You may run into a situation where an employer in Pennsylvania wants to classify you as an independent contractor. This means you will be responsible for paying all employment taxes. However, it also means more than that when it comes to the relationship between you and your employer.